Easterly Government Properties (NYSE:DEA) Upgraded at StockNews.com

Easterly Government Properties (NYSE:DEA) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group lowered their target price on shares of Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Truist Financial decreased their price objective on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, December 6th.

Easterly Government Properties Price Performance

DEA stock opened at $11.29 on Tuesday. The company has a fifty day simple moving average of $11.19 and a two-hundred day simple moving average of $12.39. The firm has a market capitalization of $1.22 billion, a P/E ratio of 62.72 and a beta of 0.70. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. Easterly Government Properties has a 52 week low of $10.45 and a 52 week high of $14.52.

Easterly Government Properties (NYSE:DEA) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.22. The firm had revenue of $78.25 million during the quarter, compared to analyst estimates of $79.49 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $0.28 EPS. Analysts anticipate that Easterly Government Properties will post 1.17 earnings per share for the current fiscal year.

Insider Activity at Easterly Government Properties

In other Easterly Government Properties news, CEO Darrell W. Crate purchased 10,000 shares of Easterly Government Properties stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of $10.91 per share, for a total transaction of $109,100.00. Following the acquisition, the chief executive officer now owns 171,479 shares in the company, valued at $1,870,835.89. This trade represents a 6.19 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Easterly Government Properties

Several large investors have recently modified their holdings of DEA. Creative Planning raised its holdings in shares of Easterly Government Properties by 23.4% in the 3rd quarter. Creative Planning now owns 29,657 shares of the real estate investment trust’s stock valued at $403,000 after purchasing an additional 5,616 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Easterly Government Properties by 10.8% in the 3rd quarter. Private Advisor Group LLC now owns 28,117 shares of the real estate investment trust’s stock valued at $382,000 after purchasing an additional 2,745 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Easterly Government Properties by 35.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 997 shares in the last quarter. abrdn plc raised its holdings in shares of Easterly Government Properties by 10.6% in the 3rd quarter. abrdn plc now owns 19,047 shares of the real estate investment trust’s stock valued at $259,000 after purchasing an additional 1,818 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Easterly Government Properties by 1.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 258,216 shares of the real estate investment trust’s stock valued at $3,507,000 after purchasing an additional 4,123 shares in 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.