Easterly Government Properties (NYSE:DEA) had its target price lifted by investment analysts at SunTrust Banks from $20.00 to $22.00 in a research note issued to investors on Thursday, The Fly reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. SunTrust Banks’ target price would suggest a potential upside of 4.27% from the company’s previous close. SunTrust Banks also issued estimates for Easterly Government Properties’ Q4 2019 earnings at $0.31 EPS.
Several other equities analysts have also recently issued reports on DEA. ValuEngine upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating in a research report on Monday, August 12th. Raymond James upped their price target on shares of Easterly Government Properties from $19.50 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. Finally, Zacks Investment Research cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $21.20.
Shares of NYSE DEA opened at $21.10 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26. Easterly Government Properties has a 52-week low of $15.16 and a 52-week high of $21.30. The firm has a 50 day moving average price of $20.06 and a two-hundred day moving average price of $18.65. The stock has a market cap of $1.50 billion, a P/E ratio of 18.03, a price-to-earnings-growth ratio of 7.38 and a beta of 0.60.
Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.21). Easterly Government Properties had a net margin of 4.17% and a return on equity of 0.74%. The business had revenue of $52.75 million during the quarter, compared to analyst estimates of $52.29 million. During the same quarter last year, the company posted $0.29 earnings per share. The company’s revenue was up 42.7% compared to the same quarter last year. Analysts predict that Easterly Government Properties will post 1.19 earnings per share for the current fiscal year.
In other news, Chairman Darrell W. Crate sold 8,125 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $18.47, for a total transaction of $150,068.75. Following the completion of the sale, the chairman now directly owns 64,154 shares in the company, valued at $1,184,924.38. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO William C. Trimble sold 9,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $18.04, for a total transaction of $162,360.00. Following the sale, the chief executive officer now owns 108,727 shares of the company’s stock, valued at $1,961,435.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,250 shares of company stock valued at $819,578. 12.10% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Easterly Government Properties by 8.1% during the second quarter. BlackRock Inc. now owns 11,660,213 shares of the real estate investment trust’s stock worth $211,167,000 after buying an additional 874,410 shares during the period. Vanguard Group Inc. boosted its stake in Easterly Government Properties by 2.7% during the second quarter. Vanguard Group Inc. now owns 7,239,439 shares of the real estate investment trust’s stock worth $131,107,000 after acquiring an additional 190,513 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Easterly Government Properties by 0.9% during the second quarter. JPMorgan Chase & Co. now owns 4,386,396 shares of the real estate investment trust’s stock worth $78,648,000 after acquiring an additional 39,216 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in Easterly Government Properties by 20.8% during the first quarter. Westwood Holdings Group Inc. now owns 1,819,909 shares of the real estate investment trust’s stock worth $32,777,000 after acquiring an additional 312,908 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Easterly Government Properties by 2.4% during the second quarter. Invesco Ltd. now owns 1,188,945 shares of the real estate investment trust’s stock worth $21,532,000 after acquiring an additional 28,295 shares in the last quarter. Institutional investors own 82.78% of the company’s stock.
About Easterly Government Properties
Easterly Government Properties, Inc (NYSE:DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.
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