Shares of Easterly Government Properties Inc. (NYSE:DEA) have been given an average recommendation of “Buy” by the six analysts that are currently covering the firm. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $19.70.

Several equities research analysts have recently commented on DEA shares. Zacks Investment Research downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Friday, September 2nd. Jefferies Group started coverage on shares of Easterly Government Properties in a research note on Wednesday, October 5th. They set a “buy” rating and a $22.00 price objective for the company. Finally, SunTrust Banks Inc. started coverage on shares of Easterly Government Properties in a research note on Tuesday, October 18th. They set a “buy” rating and a $21.00 price objective for the company.

Shares of Easterly Government Properties (NYSE:DEA) opened at 19.49 on Wednesday. Easterly Government Properties has a 52 week low of $16.41 and a 52 week high of $20.82. The firm has a 50-day moving average price of $18.79 and a 200-day moving average price of $19.18. The stock has a market cap of $684.98 million, a price-to-earnings ratio of 249.87 and a beta of 0.60.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Tuesday, November 8th. The real estate investment trust reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.01. Easterly Government Properties had a return on equity of 0.37% and a net margin of 2.42%. The company had revenue of $26.98 million for the quarter, compared to analyst estimates of $25.93 million. During the same quarter in the previous year, the firm posted $0.26 earnings per share. The company’s quarterly revenue was up 35.9% on a year-over-year basis. On average, equities analysts anticipate that Easterly Government Properties will post $1.21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Investors of record on Wednesday, December 7th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, December 5th. This is an increase from Easterly Government Properties’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 4.93%. Easterly Government Properties’s payout ratio is currently 1,314.29%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Brown Advisory Securities LLC increased its position in Easterly Government Properties by 3.0% in the second quarter. Brown Advisory Securities LLC now owns 34,987 shares of the real estate investment trust’s stock worth $692,000 after buying an additional 1,013 shares in the last quarter. Raymond James & Associates boosted its position in Easterly Government Properties by 1.8% in the second quarter. Raymond James & Associates now owns 67,430 shares of the real estate investment trust’s stock worth $1,330,000 after buying an additional 1,202 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Easterly Government Properties by 1.5% in the second quarter. JPMorgan Chase & Co. now owns 90,776 shares of the real estate investment trust’s stock worth $1,790,000 after buying an additional 1,325 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Easterly Government Properties by 10.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 15,060 shares of the real estate investment trust’s stock worth $287,000 after buying an additional 1,460 shares during the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. boosted its position in Easterly Government Properties by 37.7% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 5,751 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 1,574 shares during the last quarter. Institutional investors own 70.40% of the company’s stock.

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About Easterly Government Properties

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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