Easterly Government Properties (NYSE:DEA) Price Target Lowered to $13.00 at Truist Financial

Easterly Government Properties (NYSE:DEA - Free Report) had its price objective reduced by Truist Financial from $14.00 to $13.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a hold rating on the real estate investment trust's stock.

A number of other equities analysts have also recently commented on DEA. Jefferies Financial Group upgraded Easterly Government Properties from a "hold" rating to a "buy" rating and lifted their price target for the stock from $13.00 to $15.00 in a report on Monday, October 14th. StockNews.com upgraded Easterly Government Properties from a "sell" rating to a "hold" rating in a research note on Thursday, October 10th.

Easterly Government Properties Stock Down 1.5 %

NYSE DEA traded down $0.18 during trading hours on Friday, hitting $11.68. 1,020,355 shares of the company traded hands, compared to its average volume of 1,543,059. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.01 and a current ratio of 4.01. The business's 50-day moving average is $13.13 and its 200-day moving average is $13.01. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 64.89 and a beta of 0.69. Easterly Government Properties has a twelve month low of $10.94 and a twelve month high of $14.52.

Easterly Government Properties (NYSE:DEA - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.24). Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The company had revenue of $74.78 million during the quarter, compared to analyst estimates of $74.98 million. During the same period in the previous year, the company posted $0.29 EPS. The company's quarterly revenue was up 3.8% compared to the same quarter last year. Sell-side analysts anticipate that Easterly Government Properties will post 1.15 earnings per share for the current year.

Easterly Government Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were paid a $0.265 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.06 dividend on an annualized basis and a yield of 9.08%. Easterly Government Properties's dividend payout ratio (DPR) is currently 588.89%.

Hedge Funds Weigh In On Easterly Government Properties

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Easterly Government Properties by 56.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,086 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of 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 buying an additional 997 shares during the period. KBC Group NV increased its stake in Easterly Government Properties by 62.4% during the 3rd quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust's stock worth $71,000 after acquiring an additional 2,014 shares during the period. National Bank of Canada FI acquired a new position in Easterly Government Properties in the 2nd quarter valued at $115,000. Finally, Signaturefd LLC raised its holdings in Easterly Government Properties by 34.6% in the 2nd quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust's stock valued at $123,000 after acquiring an additional 2,563 shares in the last quarter. 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.