A number of other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Monday, July 15th. Raymond James lifted their target price on shares of Easterly Government Properties from $19.50 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Easterly Government Properties currently has a consensus rating of “Buy” and an average target price of $21.00.
DEA stock traded up $0.27 during midday trading on Monday, reaching $20.15. 1,025,920 shares of the company were exchanged, compared to its average volume of 634,672. The company’s 50-day moving average price is $18.70. The company has a market capitalization of $1.57 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 6.96 and a beta of 0.64. Easterly Government Properties has a 1-year low of $15.16 and a 1-year high of $20.56. The company has a current ratio of 1.26, a quick ratio of 1.32 and a debt-to-equity ratio of 0.78.
Easterly Government Properties (NYSE:DEA) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.21). The business had revenue of $52.75 million during the quarter, compared to analyst estimates of $52.29 million. Easterly Government Properties had a net margin of 4.17% and a return on equity of 0.74%. The business’s revenue was up 42.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 earnings per share. As a group, sell-side analysts predict that Easterly Government Properties will post 1.19 EPS for the current year.
In related news, EVP Ronald E. Kendall sold 4,500 shares of Easterly Government Properties stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $18.63, for a total value of $83,835.00. Following the transaction, the executive vice president now directly owns 11,568 shares in the company, valued at approximately $215,511.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Darrell W. Crate sold 8,125 shares of Easterly Government Properties stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $18.62, for a total transaction of $151,287.50. Following the completion of the transaction, the chairman now owns 64,154 shares in the company, valued at $1,194,547.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,875 shares of company stock worth $1,033,190. 12.10% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of DEA. Kennedy Capital Management Inc. grew its position in Easterly Government Properties by 208.7% in the 1st quarter. Kennedy Capital Management Inc. now owns 916,732 shares of the real estate investment trust’s stock valued at $16,510,000 after buying an additional 619,807 shares during the last quarter. Federated Investors Inc. PA boosted its position in shares of Easterly Government Properties by 172.6% during the 1st quarter. Federated Investors Inc. PA now owns 708,781 shares of the real estate investment trust’s stock worth $12,765,000 after purchasing an additional 448,781 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Easterly Government Properties by 10.5% during the 1st quarter. JPMorgan Chase & Co. now owns 4,347,180 shares of the real estate investment trust’s stock worth $78,292,000 after purchasing an additional 413,255 shares in the last quarter. Penn Capital Management Co. Inc. purchased a new stake in shares of Easterly Government Properties during the 1st quarter worth $5,889,000. Finally, Westwood Holdings Group Inc. boosted its position in shares of Easterly Government Properties by 20.8% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,819,909 shares of the real estate investment trust’s stock worth $32,777,000 after purchasing an additional 312,908 shares in the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.
Easterly Government Properties Company Profile
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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