Easterly Government Properties, Inc. (NYSE:DEA - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $7.89 and last traded at $8.20, with a volume of 6061343 shares. The stock had previously closed at $9.52.
Analyst Upgrades and Downgrades
DEA has been the subject of several research reports. Royal Bank of Canada lowered their price objective on shares of Easterly Government Properties from $12.00 to $11.00 and set an "underperform" rating for the company in a research report on Monday, March 10th. Jefferies Financial Group started coverage on shares of Easterly Government Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $13.00 price target for the company. Compass Point restated a "neutral" rating and set a $9.50 target price (down previously from $15.00) on shares of Easterly Government Properties in a research report on Thursday, April 10th. Finally, StockNews.com upgraded Easterly Government Properties from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $11.63.
Get Our Latest Research Report on Easterly Government Properties
Easterly Government Properties Price Performance
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 stock has a market capitalization of $895.08 million, a PE ratio of 46.06 and a beta of 0.87. The stock's 50 day moving average is $10.40 and its two-hundred day moving average is $11.64.
Easterly Government Properties shares are going to reverse split on Monday, April 28th. The 2-5 reverse split was announced on Wednesday, April 9th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, April 25th.
Easterly Government Properties (NYSE:DEA - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.22. The business had revenue of $78.25 million during the quarter, compared to analyst estimates of $79.49 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The company's revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $0.28 EPS. On average, equities analysts anticipate that Easterly Government Properties, Inc. will post 1.17 EPS for the current fiscal year.
Easterly Government Properties Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were paid a $0.265 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 12.79%. Easterly Government Properties's payout ratio is currently 378.95%.
Institutional Investors Weigh In On Easterly Government Properties
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in Easterly Government Properties during the 1st quarter valued at approximately $542,000. Armstrong Fleming & Moore Inc acquired a new position in Easterly Government Properties during the first quarter valued at $277,000. Gilman Hill Asset Management LLC lifted its stake in Easterly Government Properties by 42.1% in the 1st quarter. Gilman Hill Asset Management LLC now owns 980,454 shares of the real estate investment trust's stock valued at $10,393,000 after buying an additional 290,413 shares in the last quarter. Accel Wealth Management raised its position in Easterly Government Properties by 20.0% in the first quarter. Accel Wealth Management now owns 12,000 shares of the real estate investment trust's stock valued at $127,000 after purchasing an additional 2,000 shares during the period. Finally, Aurora Investment Managers LLC. boosted its holdings in Easterly Government Properties by 3.6% in the first quarter. Aurora Investment Managers LLC. now owns 320,513 shares of the real estate investment trust's stock valued at $3,397,000 after purchasing an additional 11,072 shares during the period. 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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