BidaskClub Downgrades Easterly Government Properties Inc (DEA) to Strong Sell
Easterly Government Properties Inc (NYSE:DEA) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Wednesday.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Jefferies Group LLC restated a “buy” rating and set a $24.00 target price on shares of Easterly Government Properties in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $22.13.
Shares of Easterly Government Properties (NYSE:DEA) traded up 0.97% during mid-day trading on Wednesday, reaching $19.80. 187,566 shares of the company traded hands. The stock’s 50-day moving average is $20.21 and its 200-day moving average is $20.20. The company has a market capitalization of $758.08 million, a P/E ratio of 198.00 and a beta of 0.56. 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 announced its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.29. Easterly Government Properties had a net margin of 3.31% and a return on equity of 0.57%. The company had revenue of $30.60 million during the quarter, compared to analyst estimates of $30.61 million. During the same quarter last year, the business earned $0.30 EPS. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. On average, equities analysts predict that Easterly Government Properties will post $0.11 EPS for the current fiscal year.
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Institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. increased its position in Easterly Government Properties by 1.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 29,122 shares of the real estate investment trust’s stock valued at $610,000 after buying an additional 456 shares during the period. First National Bank of Omaha increased its position in Easterly Government Properties by 0.9% in the second quarter. First National Bank of Omaha now owns 66,638 shares of the real estate investment trust’s stock valued at $1,396,000 after buying an additional 575 shares during the period. Legal & General Group Plc increased its position in Easterly Government Properties by 7.8% in the second quarter. Legal & General Group Plc now owns 8,528 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 619 shares during the period. Royal Bank of Canada increased its position in Easterly Government Properties by 1.5% in the second quarter. Royal Bank of Canada now owns 42,064 shares of the real estate investment trust’s stock valued at $882,000 after buying an additional 630 shares during the period. Finally, Wells Fargo & Company MN increased its position in Easterly Government Properties by 0.3% in the first quarter. Wells Fargo & Company MN now owns 232,680 shares of the real estate investment trust’s stock valued at $4,604,000 after buying an additional 643 shares during the period. Hedge funds and other institutional investors own 90.12% of the company’s stock.
Easterly Government Properties Company Profile
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).
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