StockNews.com Upgrades Easterly Government Properties (NYSE:DEA) to "Hold"

Easterly Government Properties (NYSE:DEA - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a report released on Tuesday.

Other research analysts also recently issued research reports about the stock. Truist Financial lowered their price target 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. Jefferies Financial Group cut their target price on Easterly Government Properties from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd.

Easterly Government Properties Stock Up 0.9 %

NYSE DEA traded up $0.10 during trading hours on Tuesday, reaching $11.14. 756,550 shares of the company's stock traded hands, compared to its average volume of 1,013,815. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01. The firm has a market cap of $1.20 billion, a PE ratio of 61.92 and a beta of 0.73. The firm has a 50-day simple moving average of $11.19 and a 200 day simple moving average of $12.37. Easterly Government Properties has a 52-week low of $10.45 and a 52-week high of $14.53.

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Easterly Government Properties (NYSE:DEA - Get Free Report) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $78.25 million during the quarter, compared to analysts' expectations of $79.49 million. During the same period in the prior year, the company earned $0.28 earnings per share. The firm's revenue was up 7.8% on a year-over-year basis. Sell-side analysts anticipate that Easterly Government Properties will post 1.17 EPS for the current fiscal year.

Insider Activity at Easterly Government Properties

In other news, CEO Darrell W. Crate purchased 10,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of $10.91 per share, with a total value of $109,100.00. Following the completion of the purchase, the chief executive officer now directly owns 171,479 shares of the company's stock, valued at approximately $1,870,835.89. The trade was a 6.19 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 8.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Easterly Government Properties

A number of institutional investors have recently made changes to their positions in the stock. Creative Planning increased its position in Easterly Government Properties by 23.4% during the third quarter. Creative Planning now owns 29,657 shares of the real estate investment trust's stock worth $403,000 after buying an additional 5,616 shares during the period. Private Advisor Group LLC grew its stake in shares of Easterly Government Properties by 10.8% during the 3rd quarter. Private Advisor Group LLC now owns 28,117 shares of the real estate investment trust's stock valued at $382,000 after buying an additional 2,745 shares during the period. Mirae Asset Global Investments Co. Ltd. grew 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 in the last quarter. abrdn plc raised its position in shares of Easterly Government Properties by 10.6% in the 3rd quarter. abrdn plc now owns 19,047 shares of the real estate investment trust's stock valued at $259,000 after purchasing an additional 1,818 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Easterly Government Properties by 1.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 258,216 shares of the real estate investment trust's stock valued at $3,507,000 after acquiring an additional 4,123 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

About Easterly Government Properties

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.