Several other equities analysts have also recently weighed in on the company. SunTrust Banks raised their price objective on Easterly Government Properties from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Zacks Investment Research lowered Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Thursday, September 12th. Compass Point initiated coverage on Easterly Government Properties in a research report on Monday, September 23rd. They set a “buy” rating and a $25.00 target price for the company. Finally, Raymond James raised their target price on Easterly Government Properties from $19.50 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $21.83.
Shares of Easterly Government Properties stock traded up $0.22 on Wednesday, hitting $21.69. The stock had a trading volume of 546,957 shares, compared to its average volume of 578,414. The stock has a 50 day moving average of $20.85 and a 200 day moving average of $18.99. Easterly Government Properties has a twelve month low of $15.16 and a twelve month high of $21.73. 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 firm has a market capitalization of $1.53 billion, a P/E ratio of 18.54, a PEG ratio of 7.44 and a beta of 0.61.
In other news, CEO William C. Trimble sold 9,000 shares of Easterly Government Properties stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $21.30, for a total transaction of $191,700.00. Following the completion of the sale, the chief executive officer now owns 108,727 shares in the company, valued at approximately $2,315,885.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Darrell W. Crate sold 8,125 shares of Easterly Government Properties stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $18.47, for a total value of $150,068.75. Following the sale, the chairman now owns 64,154 shares of the company’s stock, valued at approximately $1,184,924.38. The disclosure for this sale can be found here. Insiders have sold a total of 35,125 shares of company stock valued at $700,149 in the last ninety days. Insiders own 12.10% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Advisory Services Network LLC boosted its holdings in Easterly Government Properties by 183.6% in the first quarter. Advisory Services Network LLC now owns 1,421 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 920 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in shares of Easterly Government Properties in the second quarter valued at approximately $44,000. MML Investors Services LLC grew its position in shares of Easterly Government Properties by 6.6% in the second quarter. MML Investors Services LLC now owns 10,733 shares of the real estate investment trust’s stock valued at $194,000 after purchasing an additional 665 shares in the last quarter. Monetary Management Group Inc. grew its position in shares of Easterly Government Properties by 400.0% in the first quarter. Monetary Management Group Inc. now owns 11,250 shares of the real estate investment trust’s stock valued at $203,000 after purchasing an additional 9,000 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Easterly Government Properties by 13.0% in the second quarter. Daiwa Securities Group Inc. now owns 11,300 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 91.23% of the company’s stock.
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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