Easterly Government Properties Inc. (DEA) Research Coverage Started at Jefferies Group
Equities research analysts at Jefferies Group started coverage on shares of Easterly Government Properties Inc. (NYSE:DEA) in a note issued to investors on Wednesday. The brokerage set a “buy” rating on the real estate investment trust’s stock.
A number of other analysts have also weighed in on DEA. Citigroup Inc. raised their price objective on shares of Easterly Government Properties from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, July 7th. Zacks Investment Research downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Friday, September 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $18.88.
Easterly Government Properties (NYSE:DEA) opened at 18.40 on Wednesday. The company’s 50-day moving average is $19.39 and its 200-day moving average is $19.10. The company has a market cap of $645.14 million, a P/E ratio of 248.65 and a beta of 0.59. Easterly Government Properties has a 52 week low of $15.98 and a 52 week high of $20.82.
Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Monday, August 8th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. The company earned $24.90 million during the quarter, compared to analyst estimates of $23.53 million. Easterly Government Properties had a net margin of 2.17% and a return on equity of 0.31%. Easterly Government Properties’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same period last year, the business earned $0.26 EPS. On average, analysts anticipate that Easterly Government Properties will post $1.19 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Friday, August 26th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend was Wednesday, August 24th. Easterly Government Properties’s payout ratio is presently 1,314.47%.
In other Easterly Government Properties news, Director Cynthia A. Fisher acquired 18,448 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were bought at an average price of $19.68 per share, with a total value of $363,056.64. Following the completion of the acquisition, the director now owns 53,999 shares in the company, valued at approximately $1,062,700.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James E. Mead acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was acquired at an average cost of $19.72 per share, for a total transaction of $39,440.00. The disclosure for this purchase can be found here. Insiders own 18.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of DEA. Columbia Partners L L C Investment Management increased its position in Easterly Government Properties by 28.3% in the first quarter. Columbia Partners L L C Investment Management now owns 372,926 shares of the real estate investment trust’s stock worth $6,906,000 after buying an additional 82,183 shares during the last quarter. State Street Corp increased its position in Easterly Government Properties by 7.5% in the first quarter. State Street Corp now owns 205,302 shares of the real estate investment trust’s stock worth $3,801,000 after buying an additional 14,295 shares during the last quarter. Renaissance Technologies LLC increased its position in Easterly Government Properties by 84.8% in the first quarter. Renaissance Technologies LLC now owns 75,600 shares of the real estate investment trust’s stock worth $1,400,000 after buying an additional 34,700 shares during the last quarter. Nuveen Asset Management LLC increased its position in Easterly Government Properties by 18.4% in the first quarter. Nuveen Asset Management LLC now owns 428,838 shares of the real estate investment trust’s stock worth $7,942,000 after buying an additional 66,512 shares during the last quarter. Finally, Westend Capital Management LLC increased its position in Easterly Government Properties by 1.5% in the first quarter. Westend Capital Management LLC now owns 107,985 shares of the real estate investment trust’s stock worth $2,000,000 after buying an additional 1,570 shares during the last quarter. 57.84% of the stock is currently owned by institutional investors.
Easterly Government Properties Company Profile
Easterly Government Properties, Inc is a real estate investment trust (REIT). The Company is focused primarily on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies, such as the Drug Enforcement Administration, Federal Bureau of Investigation, Internal Revenue Service, Patent and Trademark Office, Customs and Border Protection, U.S.
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