Shares of Easterly Government Properties, Inc. (NYSE:DEA - Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as $10.92 and last traded at $10.93, with a volume of 1399608 shares. The stock had previously closed at $11.07.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on DEA shares. Jefferies Financial Group raised Easterly Government Properties from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $13.00 to $15.00 in a report on Monday, October 14th. Truist Financial cut their price objective on shares of Easterly Government Properties from $14.00 to $13.00 and set a "hold" rating for the company in a report on Friday, December 6th. Finally, StockNews.com raised shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a report on Thursday, October 10th.
View Our Latest Research Report on DEA
Easterly Government Properties Stock Performance
The company has a 50-day moving average price of $12.81 and a two-hundred day moving average price of $13.00. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $1.15 billion, a P/E ratio of 60.72 and a beta of 0.69.
Easterly Government Properties (NYSE:DEA - Get Free Report) last posted its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.24). The firm had revenue of $74.78 million for the quarter, compared to the consensus estimate of $74.98 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The business's revenue was up 3.8% on a year-over-year basis. During the same period last year, the company posted $0.29 EPS. Equities analysts expect that Easterly Government Properties, Inc. will post 1.16 earnings per share for the current year.
Easterly Government Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 9.70%. The ex-dividend date was Friday, November 15th. Easterly Government Properties's payout ratio is 588.89%.
Institutional Trading of Easterly Government Properties
Institutional investors and hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Easterly Government Properties by 35.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 997 shares in the last quarter. GAMMA Investing LLC grew its stake in 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 worth $53,000 after buying an additional 875 shares in the last quarter. KBC Group NV increased its holdings 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 worth $71,000 after buying an additional 2,014 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of Easterly Government Properties during the 2nd quarter valued at $115,000. Finally, Signaturefd LLC lifted its holdings in shares of Easterly Government Properties by 34.6% during the 2nd quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust's stock worth $123,000 after acquiring an additional 2,563 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company's stock.
About Easterly Government Properties
(
Get Free Report)
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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