Easterly Government Properties, Inc. (NYSE:DEA) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Saturday.
Several other brokerages also recently commented on DEA. Jefferies Group LLC upped their target price on shares of Easterly Government Properties from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, April 18th. Zacks Investment Research cut shares of Easterly Government Properties from a “buy” rating to a “sell” rating in a report on Monday, June 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.13.
Easterly Government Properties (NYSE DEA) traded up 1.19% during trading on Friday, reaching $20.40. 133,492 shares of the company were exchanged. The firm has a 50-day moving average of $20.50 and a 200-day moving average of $20.14. The firm has a market cap of $754.23 million, a price-to-earnings ratio of 200.00 and a beta of 0.60. Easterly Government Properties has a 52-week low of $17.94 and a 52-week high of $21.81.
Easterly Government Properties (NYSE:DEA) last issued its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.28. Easterly Government Properties had a net margin of 3.46% and a return on equity of 0.56%. The firm had revenue of $29.89 million during the quarter, compared to the consensus estimate of $28.14 million. During the same period in the previous year, the company posted $0.30 EPS. The firm’s revenue for the quarter was up 24.7% on a year-over-year basis. On average, equities analysts forecast that Easterly Government Properties will post $0.18 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 29th. Stockholders of record on Wednesday, June 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Monday, June 12th. This is a boost from Easterly Government Properties’s previous quarterly dividend of $0.24. Easterly Government Properties’s dividend payout ratio is 1,000.10%.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in DEA. Vanguard Group Inc. boosted its position in Easterly Government Properties by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,084,071 shares of the real estate investment trust’s stock valued at $80,824,000 after buying an additional 56,782 shares during the period. AEW Capital Management L P boosted its position in Easterly Government Properties by 5.7% in the first quarter. AEW Capital Management L P now owns 1,884,657 shares of the real estate investment trust’s stock valued at $37,297,000 after buying an additional 101,100 shares during the period. Nuveen Asset Management LLC boosted its position in Easterly Government Properties by 61.1% in the first quarter. Nuveen Asset Management LLC now owns 1,662,468 shares of the real estate investment trust’s stock valued at $32,900,000 after buying an additional 630,517 shares during the period. State Street Corp boosted its position in Easterly Government Properties by 2.7% in the first quarter. State Street Corp now owns 856,059 shares of the real estate investment trust’s stock valued at $16,942,000 after buying an additional 22,198 shares during the period. Finally, Weiss Multi Strategy Advisers LLC bought a new position in Easterly Government Properties during the first quarter valued at $16,211,000. Institutional investors own 91.08% of the company’s stock.
About Easterly Government Properties
Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).