Easterly Government Properties (NYSE:DEA) Given New $12.00 Price Target at Jefferies Financial Group

Easterly Government Properties (NYSE:DEA - Get Free Report) had its price objective reduced by Jefferies Financial Group from $15.00 to $12.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the real estate investment trust's stock. Jefferies Financial Group's price target would indicate a potential upside of 4.62% from the stock's current price.

Several other equities analysts have also issued reports on the stock. StockNews.com raised shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a report on Thursday, October 10th. Truist Financial reduced their target price on Easterly Government Properties from $14.00 to $13.00 and set a "hold" rating on the stock in a research report on Friday, December 6th.

Easterly Government Properties Stock Up 1.0 %

Shares of NYSE DEA traded up $0.11 during midday trading on Thursday, reaching $11.47. 829,918 shares of the company's stock traded hands, compared to its average volume of 985,581. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 63.72 and a beta of 0.69. Easterly Government Properties has a one year low of $10.76 and a one year high of $14.52. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. The stock's 50 day simple moving average is $12.26 and its 200-day simple moving average is $12.95.

Easterly Government Properties (NYSE:DEA - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.24). The company had revenue of $74.78 million during the quarter, compared to analysts' expectations of $74.98 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The company's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 earnings per share. On average, analysts predict that Easterly Government Properties will post 1.16 EPS for the current fiscal year.

Insider Activity

In other Easterly Government Properties news, CEO Darrell W. Crate purchased 10,000 shares of the business's stock in a transaction that occurred on 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 owns 171,479 shares in the company, valued at $1,870,835.89. This represents a 6.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 8.10% of the company's stock.

Hedge Funds Weigh In On Easterly Government Properties

Institutional investors and hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Easterly Government Properties by 35.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 997 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Easterly Government Properties by 29.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 875 shares during the period. KBC Group NV increased its position in shares of Easterly Government Properties by 62.4% during the third quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust's stock valued at $71,000 after acquiring an additional 2,014 shares during the last quarter. National Bank of Canada FI acquired a new stake in Easterly Government Properties in the 2nd quarter valued at approximately $115,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Easterly Government Properties in the 2nd quarter valued at $128,000. Institutional investors and hedge funds 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.