Easterly Government Properties, Inc. (NYSE:DEA - Free Report)'s stock is scheduled 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 closing bell on Friday, April 25th.
Easterly Government Properties Stock Performance
Shares of Easterly Government Properties stock traded up $0.13 during trading on Thursday, hitting $8.25. 201,005 shares of the stock were exchanged, compared to its average volume of 1,156,342. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07. The company has a fifty day moving average price of $10.34 and a 200-day moving average price of $11.62. The stock has a market capitalization of $890.54 million, a price-to-earnings ratio of 45.75 and a beta of 0.87. Easterly Government Properties has a 1-year low of $7.79 and a 1-year high of $14.53.
Easterly Government Properties (NYSE:DEA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.22. The business had revenue of $78.25 million during the quarter, compared to analysts' expectations of $79.49 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. Easterly Government Properties's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share. As a group, equities analysts predict that Easterly Government Properties will post 1.17 EPS for the current fiscal year.
Easterly Government Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 12.85%. The ex-dividend date was Wednesday, March 5th. Easterly Government Properties's dividend payout ratio (DPR) is presently 378.95%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on DEA shares. Jefferies Financial Group assumed 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 objective on the stock. Royal Bank of Canada cut 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. Compass Point reiterated a "neutral" rating and set a $9.50 target price (down previously from $15.00) on shares of Easterly Government Properties in a research note 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 given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $11.63.
Read Our Latest Analysis on Easterly Government Properties
Institutional Trading of Easterly Government Properties
Several large investors have recently bought and sold shares of the business. Sterling Capital Management LLC lifted its holdings in shares of Easterly Government Properties by 814.7% in the fourth 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. Quarry LP lifted its stake in 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 valued at $67,000 after purchasing an additional 5,043 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Easterly Government Properties in the fourth quarter valued at approximately $70,000. Parvin Asset Management LLC acquired a new stake in Easterly Government Properties in the fourth quarter valued at approximately $87,000. Finally, Quantbot Technologies LP bought a new stake in shares of Easterly Government Properties during the fourth quarter worth $97,000. 86.51% of the stock is owned by institutional investors and hedge funds.
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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