Easterly Government Properties (NYSE:DEA) Stock Rating Lowered by StockNews.com

Easterly Government Properties (NYSE:DEA) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

DEA has been the topic of several other reports. Truist Financial reduced their price objective on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, December 6th. Jefferies Financial Group dropped their price target on shares of Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday.

Easterly Government Properties Trading Up 0.4 %

Shares of Easterly Government Properties stock traded up $0.05 during mid-day trading on Friday, hitting $11.52. The stock had a trading volume of 1,832,487 shares, compared to its average volume of 1,331,194. The firm has a 50-day moving average of $12.22 and a two-hundred day moving average of $12.94. The firm has a market cap of $1.22 billion, a P/E ratio of 64.00 and a beta of 0.69. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. Easterly Government Properties has a 12-month low of $10.76 and a 12-month high of $14.52.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.24). Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The business had revenue of $74.78 million during the quarter, compared to analysts’ expectations of $74.98 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. Sell-side analysts forecast that Easterly Government Properties will post 1.16 earnings per share for the current year.

Insider Buying and Selling

In other Easterly Government Properties news, CEO Darrell W. Crate bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of $10.91 per share, with a total value of $109,100.00. Following the purchase, the chief executive officer now directly owns 171,479 shares in the company, valued at approximately $1,870,835.89. This represents a 6.19 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Easterly Government Properties

Institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Easterly Government Properties by 35.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 997 shares during the period. GAMMA Investing LLC boosted its stake in shares of Easterly Government Properties by 29.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 875 shares during the period. KBC Group NV boosted its stake in shares of Easterly Government Properties by 62.4% in the 3rd quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 2,014 shares during the period. National Bank of Canada FI acquired a new position in shares of Easterly Government Properties during the second quarter worth about $115,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Easterly Government Properties during the second quarter worth approximately $128,000. Institutional investors and hedge funds own 86.51% 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.