Easterly Government Properties Inc (NYSE:DEA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.
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. “
DEA has been the topic of several other reports. Raymond James Financial, Inc. reissued a “market perform” rating and issued a $20.50 price objective on shares of Easterly Government Properties in a research note on Monday, January 9th. Jefferies Group LLC reissued a “buy” rating and issued a $23.00 price objective on shares of Easterly Government Properties in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Easterly Government Properties presently has an average rating of “Hold” and a consensus price target of $20.70.
Easterly Government Properties (NYSE:DEA) traded down 0.41% during midday trading on Monday, reaching $19.57. 163,389 shares of the company traded hands. The firm has a market capitalization of $721.31 million, a PE ratio of 195.70 and a beta of 0.58. The company’s 50-day moving average price is $20.01 and its 200 day moving average price is $19.51. Easterly Government Properties has a 12 month low of $17.58 and a 12 month high of $21.07.
Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Thursday, March 2nd. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $28.75 million for the quarter, compared to analysts’ expectations of $26.85 million. Easterly Government Properties had a net margin of 2.42% and a return on equity of 0.37%. Easterly Government Properties’s revenue was up 29.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 EPS. On average, equities analysts anticipate that Easterly Government Properties will post $0.15 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 22nd. Stockholders of record on Tuesday, March 7th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 3rd. This is a boost from Easterly Government Properties’s previous quarterly dividend of $0.21. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.91%. Easterly Government Properties’s dividend payout ratio is 1,371.43%.
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Several institutional investors have recently bought and sold shares of the company. Mizuho Trust & Banking Co. Ltd. boosted its position in Easterly Government Properties by 37.7% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 5,751 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 1,574 shares during the period. Great West Life Assurance Co. Can bought a new position in Easterly Government Properties during the third quarter worth $211,000. First Trust Advisors LP bought a new position in Easterly Government Properties during the third quarter worth $212,000. BlackRock Inc. boosted its position in Easterly Government Properties by 116.2% in the third quarter. BlackRock Inc. now owns 14,326 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 7,701 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in Easterly Government Properties by 10.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 15,060 shares of the real estate investment trust’s stock worth $287,000 after buying an additional 1,460 shares during the period. 77.87% of the stock is currently owned by institutional investors and hedge funds.
Easterly Government Properties Company Profile
Easterly Government Properties, Inc is a real estate investment trust (REIT). The Company is focused primarily on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company owns approximately 40 properties in the United States, encompassing approximately 3.2 million square feet in the aggregate.
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