Royal Bank of Canada Issues Pessimistic Forecast for Easterly Government Properties (NYSE:DEA) Stock Price

Easterly Government Properties (NYSE:DEA - Get Free Report) had its price objective reduced by investment analysts at Royal Bank of Canada from $12.00 to $11.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "underperform" rating on the real estate investment trust's stock. Royal Bank of Canada's price target points to a potential upside of 4.12% from the company's previous close.

Several other research firms have also issued reports on DEA. StockNews.com raised shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. Jefferies Financial Group cut their target price on shares of Easterly Government Properties from $15.00 to $12.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Finally, Truist Financial cut their target price 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.

Easterly Government Properties Stock Performance

DEA traded up $0.31 during midday trading on Monday, hitting $10.57. 1,337,776 shares of the company traded hands, compared to its average volume of 1,044,952. Easterly Government Properties has a 52 week low of $10.18 and a 52 week high of $14.53. The firm has a market capitalization of $1.14 billion, a PE ratio of 58.69 and a beta of 0.73. 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 company's 50-day moving average is $11.11 and its 200 day moving average is $12.26.

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Easterly Government Properties (NYSE:DEA - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 EPS for the quarter, beating the consensus estimate of $0.07 by $0.22. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The firm had revenue of $78.25 million during the quarter, compared to analyst estimates of $79.49 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, research analysts expect that Easterly Government Properties will post 1.17 EPS for the current year.

Insider Activity at Easterly Government Properties

In related news, CEO Darrell W. Crate acquired 10,000 shares of the stock in a transaction on Monday, December 23rd. The shares were acquired at an average price of $10.91 per share, for a total transaction of $109,100.00. Following the transaction, the chief executive officer now owns 171,479 shares in the company, valued at approximately $1,870,835.89. This trade represents a 6.19 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Sterling Capital Management LLC increased its stake in shares of Easterly Government Properties by 814.7% in the 4th quarter. Sterling Capital Management LLC now owns 3,110 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 2,770 shares during the last quarter. KBC Group NV increased 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 worth $71,000 after acquiring an additional 2,014 shares during the last quarter. Quarry LP increased its stake in shares of Easterly Government Properties by 604.0% in the 4th quarter. Quarry LP now owns 5,878 shares of the real estate investment trust's stock worth $67,000 after acquiring an additional 5,043 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Easterly Government Properties in the 4th quarter worth $70,000. Finally, Parvin Asset Management LLC acquired a new stake in shares of Easterly Government Properties in the 4th quarter worth $87,000. 86.51% of the stock is owned by institutional investors and hedge funds.

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.