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Easterly Government Properties (NYSE:DEA) Upgraded to Hold at StockNews.com

Easterly Government Properties logo with Finance background

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

DEA has been the subject of several other reports. 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 research note on Friday, December 6th. Jefferies Financial Group decreased their target price on Easterly Government Properties from $15.00 to $12.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd.

Get Our Latest Research Report on DEA

Easterly Government Properties Price Performance

Shares of DEA stock traded up $0.24 during midday trading on Monday, reaching $11.77. 1,011,276 shares of the company were exchanged, compared to its average volume of 1,025,308. The company's 50 day moving average price is $11.65 and its two-hundred day moving average price is $12.85. The company has a market cap of $1.24 billion, a P/E ratio of 65.39 and a beta of 0.69. Easterly Government Properties has a 12 month low of $10.76 and a 12 month high of $14.52. 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 (NYSE:DEA - Get Free Report) last announced its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate 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%. Easterly Government Properties's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. On average, sell-side analysts expect that Easterly Government Properties will post 1.16 earnings per share for the current year.

Insider Activity at Easterly Government Properties

In other Easterly Government Properties news, CEO Darrell W. Crate bought 10,000 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of $10.91 per share, for a total transaction of $109,100.00. Following the acquisition, the chief executive officer now directly owns 171,479 shares of the company's stock, valued at approximately $1,870,835.89. This trade represents a 6.19 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Consolidated Portfolio Review Corp increased its position in Easterly Government Properties by 3.9% in the 4th quarter. Consolidated Portfolio Review Corp now owns 100,200 shares of the real estate investment trust's stock worth $1,138,000 after purchasing an additional 3,728 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Easterly Government Properties by 1.6% in the 4th quarter. State of Alaska Department of Revenue now owns 102,928 shares of the real estate investment trust's stock valued at $1,168,000 after buying an additional 1,658 shares in the last quarter. Stratos Wealth Partners LTD. increased its holdings in Easterly Government Properties by 14.2% in the fourth quarter. Stratos Wealth Partners LTD. now owns 31,917 shares of the real estate investment trust's stock worth $363,000 after buying an additional 3,970 shares during the last quarter. abrdn plc raised its position in Easterly Government Properties by 30.6% during the fourth quarter. abrdn plc now owns 24,879 shares of the real estate investment trust's stock valued at $277,000 after acquiring an additional 5,832 shares in the last quarter. Finally, Sonora Investment Management Group LLC lifted its stake in Easterly Government Properties by 5.0% in the fourth quarter. Sonora Investment Management Group LLC now owns 42,250 shares of the real estate investment trust's stock valued at $480,000 after acquiring an additional 2,000 shares during the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Easterly Government Properties Company Profile

(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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