Jefferies Group started coverage on shares of Easterly Government Properties Inc. (NYSE:DEA) in a research note released on Wednesday morning. The firm issued a buy rating and a $22.00 price target on the real estate investment trust’s stock.
DEA has been the subject of several other reports. Citigroup Inc. raised their price target on shares of Easterly Government Properties from $17.00 to $19.00 and gave the company a neutral rating in a report on Thursday, July 7th. Zacks Investment Research downgraded shares of Easterly Government Properties from a hold rating to a sell rating in a report on Friday, September 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Easterly Government Properties currently has an average rating of Hold and an average price target of $19.50.
Easterly Government Properties (NYSE:DEA) opened at 18.51 on Wednesday. The stock’s 50 day moving average is $19.28 and its 200 day moving average is $19.11. The firm has a market capitalization of $649.00 million, a P/E ratio of 250.14 and a beta of 0.59. Easterly Government Properties has a one year low of $16.41 and a one year high of $20.82.
Easterly Government Properties (NYSE:DEA) last released its quarterly earnings data on Monday, August 8th. The real estate investment trust reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30. Easterly Government Properties had a net margin of 2.17% and a return on equity of 0.31%. The business earned $24.90 million during the quarter, compared to analyst estimates of $23.53 million. During the same period in the previous year, the business earned $0.26 EPS. Easterly Government Properties’s revenue was up 29.4% compared to the same quarter last year. On average, equities research analysts predict that Easterly Government Properties will post $1.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Friday, August 26th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend was Wednesday, August 24th. Easterly Government Properties’s payout ratio is 1,314.47%.
In other news, Director James E. Mead purchased 4,000 shares of the business’s stock in a transaction on Wednesday, August 17th. The stock was purchased at an average cost of $19.18 per share, with a total value of $76,720.00. Following the acquisition, the director now directly owns 4,033 shares in the company, valued at $77,352.94. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Cynthia A. Fisher purchased 18,448 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was purchased at an average cost of $19.68 per share, with a total value of $363,056.64. Following the completion of the acquisition, the director now owns 53,999 shares in the company, valued at $1,062,700.32. The disclosure for this purchase can be found here. 18.10% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. BlackRock Group LTD increased its stake in Easterly Government Properties by 115.3% in the second quarter. BlackRock Group LTD now owns 5,601 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 2,999 shares in the last quarter. BlackRock Inc. increased its stake in Easterly Government Properties by 571.9% in the second quarter. BlackRock Inc. now owns 6,625 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 5,639 shares in the last quarter. Societe Generale bought a new stake in Easterly Government Properties during the second quarter worth about $155,000. SG Americas Securities LLC bought a new stake in Easterly Government Properties during the second quarter worth about $155,000. Finally, Security National Trust Co. bought a new stake in Easterly Government Properties during the second quarter worth about $158,000. 57.84% of the stock is owned by institutional investors.
Easterly Government Properties Company Profile
Easterly Government Properties, Inc is a real estate investment trust (REIT). The Company is focused primarily on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies, such as the Drug Enforcement Administration, Federal Bureau of Investigation, Internal Revenue Service, Patent and Trademark Office, Customs and Border Protection, U.S.
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