Easterly Government Properties (NYSE:DEA) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Easterly Government Properties (NYSE:DEAFree Report) from a sell rating to a hold rating in a research note published on Monday morning.

Several other research analysts also recently commented on DEA. Truist Financial lowered their target price on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, December 6th. Jefferies Financial Group decreased their price target on shares of Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd.

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Easterly Government Properties Stock Performance

Shares of Easterly Government Properties stock opened at $11.77 on Monday. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07. The company has a market cap of $1.24 billion, a PE ratio of 65.39 and a beta of 0.69. The company has a 50 day moving average of $11.65 and a 200-day moving average of $12.85. Easterly Government Properties has a 1-year low of $10.76 and a 1-year high of $14.52.

Easterly Government Properties (NYSE:DEAGet Free Report) last released its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.24). Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The business had revenue of $74.78 million for the quarter, compared to the consensus estimate of $74.98 million. During the same quarter in the previous year, the company earned $0.29 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities research analysts forecast that Easterly Government Properties will post 1.16 earnings per share for the current fiscal year.

Easterly Government Properties Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 9.01%. Easterly Government Properties’s payout ratio is presently 588.89%.

Insider Buying and Selling at Easterly Government Properties

In other Easterly Government Properties news, CEO Darrell W. Crate purchased 10,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of $10.91 per share, with a total value of $109,100.00. Following the completion of the purchase, the chief executive officer now owns 171,479 shares of the company’s stock, valued at approximately $1,870,835.89. The trade was a 6.19 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 8.10% of the company’s stock.

Institutional Trading of Easterly Government Properties

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp grew its position in shares of Easterly Government Properties by 1.2% in the 3rd quarter. State Street Corp now owns 5,839,318 shares of the real estate investment trust’s stock valued at $79,298,000 after buying an additional 66,663 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Easterly Government Properties by 0.4% in the third quarter. Geode Capital Management LLC now owns 2,552,691 shares of the real estate investment trust’s stock worth $34,671,000 after acquiring an additional 9,248 shares during the period. Victory Capital Management Inc. boosted its holdings in Easterly Government Properties by 4.3% in the third quarter. Victory Capital Management Inc. now owns 1,932,660 shares of the real estate investment trust’s stock valued at $26,246,000 after acquiring an additional 79,400 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Easterly Government Properties by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,909,257 shares of the real estate investment trust’s stock valued at $25,928,000 after purchasing an additional 15,868 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Easterly Government Properties by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,361,719 shares of the real estate investment trust’s stock worth $16,844,000 after purchasing an additional 9,738 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

About Easterly Government Properties

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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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