Easterly Government Properties (NYSE:DEA) Shares Scheduled to Reverse Split on Monday, April 28th

Easterly Government Properties, Inc. (NYSE:DEA)’s stock is going to reverse split on the morning of Monday, April 28th. The 2-5 reverse split was announced on Wednesday, April 9th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, April 25th.

Easterly Government Properties Price Performance

DEA opened at $8.16 on Friday. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07. Easterly Government Properties has a 12-month low of $7.79 and a 12-month high of $14.53. The stock has a market capitalization of $880.72 million, a P/E ratio of 45.32 and a beta of 0.87. The stock has a 50-day moving average price of $10.24 and a 200-day moving average price of $11.53.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.22. The firm had revenue of $78.25 million for the quarter, compared to analysts’ expectations of $79.49 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 EPS. Equities analysts predict that Easterly Government Properties will post 1.17 earnings per share for the current fiscal year.

Easterly Government Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were given a dividend of $0.265 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.06 annualized dividend and a yield of 12.99%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 378.95%.

Analyst Upgrades and Downgrades

A number of research firms have commented on DEA. StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th. Jefferies Financial Group initiated coverage on shares of Easterly Government Properties in a research note on Monday, March 17th. They set a “buy” rating and a $13.00 target price on the stock. Royal Bank of Canada dropped their target price on shares of Easterly Government Properties from $12.00 to $11.00 and set an “underperform” rating for the company in a report on Monday, March 10th. Finally, Compass Point reissued a “neutral” rating and set a $9.50 price target (down from $15.00) on shares of Easterly Government Properties in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.63.

Hedge Funds Weigh In On Easterly Government Properties

Several institutional investors have recently bought and sold shares of DEA. Rhumbline Advisers increased its holdings in shares of Easterly Government Properties by 0.3% in the 4th quarter. Rhumbline Advisers now owns 321,908 shares of the real estate investment trust’s stock worth $3,657,000 after buying an additional 1,071 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Easterly Government Properties by 2.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 48,000 shares of the real estate investment trust’s stock worth $545,000 after purchasing an additional 1,200 shares in the last quarter. Truist Financial Corp grew its position in Easterly Government Properties by 7.9% during the 4th quarter. Truist Financial Corp now owns 21,435 shares of the real estate investment trust’s stock worth $243,000 after purchasing an additional 1,574 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of Easterly Government Properties by 3.1% in the fourth quarter. Illinois Municipal Retirement Fund now owns 54,255 shares of the real estate investment trust’s stock valued at $616,000 after purchasing an additional 1,616 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in shares of Easterly Government Properties by 1.6% during the fourth quarter. State of Alaska Department of Revenue now owns 102,928 shares of the real estate investment trust’s stock worth $1,168,000 after purchasing an additional 1,658 shares during the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

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.