Truist Financial Cuts Easterly Government Properties (NYSE:DEA) Price Target to $13.00

Easterly Government Properties (NYSE:DEA) had its price target decreased by Truist Financial from $14.00 to $13.00 in a research note issued to investors on Friday,Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

DEA has been the subject of a number of other research reports. Jefferies Financial Group raised Easterly Government Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $13.00 to $15.00 in a report on Monday, October 14th. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th.

Easterly Government Properties Stock Down 1.5 %

Shares of DEA opened at $11.68 on Friday. The firm has a market cap of $1.23 billion, a P/E ratio of 64.89 and a beta of 0.69. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.01 and a current ratio of 4.01. Easterly Government Properties has a 52 week low of $10.94 and a 52 week high of $14.52. The firm’s 50-day simple moving average is $13.13 and its 200 day simple moving average is $13.03.

Easterly Government Properties (NYSE:DEA) last posted its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.24). The firm had revenue of $74.78 million during the quarter, compared to analyst estimates of $74.98 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. Easterly Government Properties’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 EPS. On average, analysts forecast that Easterly Government Properties will post 1.15 earnings per share for the current year.

Easterly Government Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a $0.265 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.06 annualized dividend and a yield of 9.08%. Easterly Government Properties’s dividend payout ratio is presently 588.89%.

Institutional Investors Weigh In On Easterly Government Properties

Several institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in Easterly Government Properties by 5.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 68,749 shares of the real estate investment trust’s stock valued at $792,000 after purchasing an additional 3,349 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Easterly Government Properties by 56.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 1,086 shares in the last quarter. Aurora Investment Managers LLC. lifted its position in shares of Easterly Government Properties by 23.7% during the 2nd quarter. Aurora Investment Managers LLC. now owns 252,527 shares of the real estate investment trust’s stock worth $3,124,000 after buying an additional 48,393 shares during the last quarter. First Community Trust NA boosted its stake in Easterly Government Properties by 63.9% in the second quarter. First Community Trust NA now owns 11,496 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 4,480 shares in the last quarter. Finally, Monetary Management Group Inc. grew its position in Easterly Government Properties by 37.5% in the second quarter. Monetary Management Group Inc. now owns 22,000 shares of the real estate investment trust’s stock valued at $272,000 after acquiring an additional 6,000 shares during the last quarter. Institutional investors own 86.51% 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.