Easterly Government Properties (NYSE:DEA) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Easterly Government Properties (NYSE:DEAGet Rating) from a sell rating to a hold rating in a report published on Wednesday morning, Zacks.com reports.

According to Zacks, “Easterly Government Properties, Inc. is focused primarily on the acquisition, development and management of commercial properties leased to U.S. Government agencies through the U.S. General Services Administration. Easterly Government Properties, Inc. is based in Washington, District of Columbia. “

A number of other analysts have also recently issued reports on DEA. Jefferies Financial Group cut Easterly Government Properties from a buy rating to a hold rating and set a $25.00 price objective on the stock. in a research report on Monday, January 10th. BMO Capital Markets cut Easterly Government Properties from an outperform rating to a market perform rating and set a $24.00 price objective on the stock. in a research report on Friday, January 7th. Raymond James cut Easterly Government Properties from an outperform rating to a market perform rating in a research report on Monday, January 10th. Finally, StockNews.com began coverage on Easterly Government Properties in a research report on Thursday, March 31st. They issued a hold rating on the stock. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $25.10.

Shares of NYSE DEA opened at $19.48 on Wednesday. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 0.84. The business’s 50 day moving average is $20.72 and its two-hundred day moving average is $21.30. The company has a market cap of $1.76 billion, a P/E ratio of 55.66 and a beta of 0.47. Easterly Government Properties has a 12 month low of $19.46 and a 12 month high of $23.65.

Easterly Government Properties (NYSE:DEAGet Rating) last released its quarterly earnings data on Sunday, February 27th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $71.60 million for the quarter, compared to the consensus estimate of $72.11 million. Easterly Government Properties had a net margin of 10.94% and a return on equity of 2.20%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. Sell-side analysts expect that Easterly Government Properties will post 1.35 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 22nd. Shareholders of record on Thursday, March 10th were given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date of this dividend was Wednesday, March 9th. Easterly Government Properties’s dividend payout ratio (DPR) is 302.86%.

In other Easterly Government Properties news, Chairman Darrell W. Crate sold 10,000 shares of the business’s stock in a transaction on Monday, March 14th. The stock was sold at an average price of $20.81, for a total value of $208,100.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Darrell W. Crate sold 19,594 shares of the business’s stock in a transaction on Friday, March 11th. The stock was sold at an average price of $21.00, for a total value of $411,474.00. The disclosure for this sale can be found here. Insiders sold 43,594 shares of company stock worth $919,174 over the last quarter. Company insiders own 9.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC boosted its stake in Easterly Government Properties by 93.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 45,189 shares of the real estate investment trust’s stock worth $1,035,000 after purchasing an additional 21,819 shares in the last quarter. RE Advisers Corp lifted its stake in shares of Easterly Government Properties by 17.3% during the third quarter. RE Advisers Corp now owns 229,311 shares of the real estate investment trust’s stock valued at $4,738,000 after acquiring an additional 33,900 shares during the period. Truist Financial Corp lifted its stake in shares of Easterly Government Properties by 5.1% during the third quarter. Truist Financial Corp now owns 192,665 shares of the real estate investment trust’s stock valued at $3,981,000 after acquiring an additional 9,429 shares during the period. Yousif Capital Management LLC acquired a new position in shares of Easterly Government Properties during the fourth quarter valued at $1,795,000. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Easterly Government Properties by 25.3% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 5,178 shares of the real estate investment trust’s stock valued at $107,000 after acquiring an additional 1,045 shares during the period. 90.52% of the stock is currently owned by institutional investors.

Easterly Government Properties Company Profile (Get Rating)

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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