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

Easterly Government Properties (NYSE:DEA) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Other equities analysts have also issued reports about the company. Jefferies Financial Group reduced their price objective on Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Truist Financial lowered their target price on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, December 6th.

Easterly Government Properties Stock Performance

Shares of DEA stock opened at $11.30 on Monday. 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 firm has a fifty day simple moving average of $11.63 and a two-hundred day simple moving average of $12.84. The firm has a market capitalization of $1.19 billion, a PE ratio of 62.75 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.

Easterly Government Properties (NYSE:DEA) last posted its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.24). Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The firm had revenue of $74.78 million during the quarter, compared to the consensus estimate of $74.98 million. During the same quarter in the previous year, the company earned $0.29 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. Analysts forecast that Easterly Government Properties will post 1.16 EPS for the current fiscal year.

Insider Transactions at Easterly Government Properties

In other news, CEO Darrell W. Crate bought 10,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of $10.91 per share, with a total value of $109,100.00. Following the transaction, the chief executive officer now 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. State Street Corp increased its stake in Easterly Government Properties by 1.2% during the 3rd quarter. State Street Corp now owns 5,839,318 shares of the real estate investment trust’s stock valued at $79,298,000 after purchasing an additional 66,663 shares in the last quarter. Geode Capital Management LLC lifted its stake in Easterly Government Properties by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,552,691 shares of the real estate investment trust’s stock worth $34,671,000 after purchasing an additional 9,248 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Easterly Government Properties by 4.3% in the third quarter. Victory Capital Management Inc. now owns 1,932,660 shares of the real estate investment trust’s stock valued at $26,246,000 after purchasing an additional 79,400 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Easterly Government Properties by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,909,257 shares of the real estate investment trust’s stock valued at $25,928,000 after purchasing an additional 15,868 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Easterly Government Properties by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,361,719 shares of the real estate investment trust’s stock valued at $16,844,000 after acquiring an additional 9,738 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

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.