Easterly Government Properties Inc (NYSE:DEA) has been given an average rating of “Buy” by the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $22.00.
Several brokerages have recently commented on DEA. Raymond James raised their price objective on shares of Easterly Government Properties from $19.50 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. SunTrust Banks increased their target price on Easterly Government Properties from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Zacks Investment Research cut Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Thursday, September 12th. ValuEngine upgraded Easterly Government Properties from a “hold” rating to a “buy” rating in a report on Monday, August 12th. Finally, Compass Point assumed coverage on Easterly Government Properties in a report on Monday. They issued a “buy” rating and a $25.00 target price on the stock.
In other Easterly Government Properties news, Chairman Darrell W. Crate sold 8,125 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $18.47, for a total transaction of $150,068.75. Following the transaction, the chairman now directly owns 64,154 shares in the company, valued at approximately $1,184,924.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William C. Trimble sold 9,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $18.04, for a total value of $162,360.00. Following the transaction, the chief executive officer now owns 108,727 shares in the company, valued at $1,961,435.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,125 shares of company stock worth $670,809. 12.10% of the stock is owned by company insiders.
Shares of DEA stock traded up $0.15 during trading hours on Friday, hitting $21.12. 587,633 shares of the company were exchanged, compared to its average volume of 575,850. The firm has a market cap of $1.49 billion, a P/E ratio of 18.05, a P/E/G ratio of 7.34 and a beta of 0.60. Easterly Government Properties has a fifty-two week low of $15.16 and a fifty-two week high of $21.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26. The company has a 50 day simple moving average of $20.61 and a two-hundred day simple moving average of $18.85.
Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.21). The company had revenue of $52.75 million for the quarter, compared to analyst estimates of $52.29 million. Easterly Government Properties had a return on equity of 0.74% and a net margin of 4.17%. The business’s quarterly revenue was up 42.7% compared to the same quarter last year. During the same period last year, the business earned $0.29 EPS. As a group, sell-side analysts expect that Easterly Government Properties will post 1.19 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend is Wednesday, September 11th. Easterly Government Properties’s dividend payout ratio is currently 88.89%.
Easterly Government Properties Company Profile
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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