Easterly Government Properties (NYSE:DEA) Stock Rating Lowered by ValuEngine

Easterly Government Properties (NYSE:DEA) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, ValuEngine reports.

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.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.21). Easterly Government Properties had a net margin of 4.17% and a return on equity of 0.74%. The firm had revenue of $52.75 million during the quarter, compared to analyst estimates of $52.29 million. During the same period in the prior year, the company earned $0.29 EPS. The business’s quarterly revenue was up 42.7% compared to the same quarter last year. Equities analysts expect that Easterly Government Properties will post 1.19 earnings per share for the current year.

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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