Easterly Government Properties Stock Scheduled to Reverse Split on Monday, April 28th (NYSE:DEA)

Shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) are set to reverse split on the morning of 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 Stock Up 0.5 %

NYSE:DEA traded up $0.04 during mid-day trading on Friday, hitting $8.16. 1,460,977 shares of the company's stock traded hands, compared to its average volume of 1,163,568. The company has a fifty day moving average of $10.24 and a 200 day moving average of $11.55. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.01 and a current ratio of 4.01. Easterly Government Properties has a twelve month low of $7.79 and a twelve month high of $14.53. The company has a market capitalization of $880.72 million, a P/E ratio of 45.32 and a beta of 0.87.

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

Easterly Government Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were given a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 12.99%. The ex-dividend date of this dividend was Wednesday, March 5th. Easterly Government Properties's payout ratio is 378.95%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DEA. Royal Bank of Canada cut their price objective on Easterly Government Properties from $12.00 to $11.00 and set an "underperform" rating on the stock in a report on Monday, March 10th. Compass Point reiterated a "neutral" rating and issued a $9.50 price target (down previously from $15.00) on shares of Easterly Government Properties in a report on Thursday, April 10th. Jefferies Financial Group assumed coverage on shares of Easterly Government Properties in a research note on Monday, March 17th. They set a "buy" rating and a $13.00 price objective for the company. Finally, StockNews.com upgraded shares of 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 issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $11.63.

Institutional Investors Weigh In On Easterly Government Properties

Hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its holdings in shares of Easterly Government Properties by 11.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 309,090 shares of the real estate investment trust's stock valued at $3,276,000 after purchasing an additional 32,607 shares in the last quarter. Cyndeo Wealth Partners LLC purchased a new position in Easterly Government Properties in the first quarter valued at $929,000. Exchange Traded Concepts LLC acquired a new position in shares of Easterly Government Properties in the first quarter worth about $760,000. SG Americas Securities LLC purchased a new stake in shares of Easterly Government Properties during the 1st quarter worth about $542,000. Finally, Armstrong Fleming & Moore Inc acquired a new stake in shares of Easterly Government Properties during the 1st quarter valued at about $277,000. Hedge funds and other institutional investors 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.