Easterly Government Properties Inc. (DEA) Receives Consensus Recommendation of “Hold” from Analysts
Easterly Government Properties Inc. (NYSE:DEA) has earned a consensus rating of “Hold” from the six analysts that are currently covering the company. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $19.70.
Several research firms have weighed in on DEA. Zacks Investment Research cut Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Thursday, September 8th. Citigroup Inc. lifted their target price on Easterly Government Properties from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, July 7th. SunTrust Banks Inc. began coverage on Easterly Government Properties in a research note on Tuesday. They set a “buy” rating and a $21.00 target price on the stock. Finally, Jefferies Group initiated coverage on Easterly Government Properties in a research note on Wednesday, October 5th. They set a “buy” rating and a $22.00 target price on the stock.
Easterly Government Properties (NYSE:DEA) traded up 1.47% during mid-day trading on Wednesday, hitting $19.39. 174,692 shares of the stock were exchanged. The company has a 50 day moving average price of $19.18 and a 200 day moving average price of $19.13. The stock has a market cap of $679.85 million, a price-to-earnings ratio of 262.03 and a beta of 0.59. Easterly Government Properties has a 52 week low of $16.41 and a 52 week high of $20.82.
Easterly Government Properties (NYSE:DEA) last released its earnings results on Monday, August 8th. The real estate investment trust reported $0.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. Easterly Government Properties had a return on equity of 0.31% and a net margin of 2.17%. The company had revenue of $24.90 million for the quarter, compared to analysts’ expectations of $23.53 million. During the same quarter in the previous year, the business posted $0.26 EPS. The business’s revenue for the quarter was up 29.4% on a year-over-year basis. Analysts expect that Easterly Government Properties will post $1.19 EPS for the current fiscal year.
In related news, Director James E. Mead bought 2,000 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was purchased at an average price of $19.72 per share, with a total value of $39,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cynthia A. Fisher bought 18,448 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were bought at an average cost of $19.68 per share, with a total value of $363,056.64. Following the transaction, the director now directly owns 53,999 shares of the company’s stock, valued at $1,062,700.32. The disclosure for this purchase can be found here. 18.10% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in DEA. BlackRock Group LTD boosted its stake in shares of Easterly Government Properties by 115.3% in the second quarter. BlackRock Group LTD now owns 5,601 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 2,999 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Easterly Government Properties by 571.9% in the second quarter. BlackRock Inc. now owns 6,625 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 5,639 shares during the last quarter. Societe Generale bought a new stake in shares of Easterly Government Properties during the second quarter worth about $155,000. SG Americas Securities LLC bought a new stake in shares of Easterly Government Properties during the second quarter worth about $155,000. Finally, Security National Trust Co. bought a new stake in shares of Easterly Government Properties during the second quarter worth about $158,000. 57.50% of the stock is owned by hedge funds and other 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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