Easterly Government Properties (NYSE:DEA) Now Covered by Jefferies Financial Group

Analysts at Jefferies Financial Group started coverage on shares of Easterly Government Properties (NYSE:DEA) in a report issued on Monday, Marketbeat Ratings reports. The firm set a “buy” rating and a $13.00 price target on the real estate investment trust’s stock. Jefferies Financial Group’s target price suggests a potential upside of 22.93% from the stock’s previous close.

A number of other brokerages have also recently issued reports on DEA. Royal Bank of Canada decreased their price objective on shares of Easterly Government Properties from $12.00 to $11.00 and set an “underperform” rating on the stock in a research note on Monday, March 10th. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Truist Financial decreased 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 Down 1.4 %

NYSE DEA opened at $10.58 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. Easterly Government Properties has a 1-year low of $10.18 and a 1-year high of $14.53. The company has a 50 day moving average of $11.06 and a 200-day moving average of $12.19. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 58.75 and a beta of 0.73.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.22. The business had revenue of $78.25 million for the quarter, compared to analysts’ expectations of $79.49 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. On average, equities research analysts expect that Easterly Government Properties will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Easterly Government Properties news, CEO Darrell W. Crate acquired 10,000 shares of Easterly Government Properties stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price 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 in the company, valued at $1,870,835.89. This trade represents a 6.19 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 8.10% of the stock is currently owned by insiders.

Institutional Trading of Easterly Government Properties

Several institutional investors have recently modified their holdings of the business. Legacy Investment Solutions LLC acquired a new position in Easterly Government Properties in the third quarter valued at $856,000. Barclays PLC lifted its holdings in Easterly Government Properties by 324.6% in the third quarter. Barclays PLC now owns 165,212 shares of the real estate investment trust’s stock valued at $2,244,000 after buying an additional 126,306 shares during the period. Kempner Capital Management Inc. lifted its holdings in Easterly Government Properties by 23.7% in the fourth quarter. Kempner Capital Management Inc. now owns 317,980 shares of the real estate investment trust’s stock valued at $3,612,000 after buying an additional 60,840 shares during the period. Asset Management One Co. Ltd. lifted its holdings in Easterly Government Properties by 2.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 143,148 shares of the real estate investment trust’s stock valued at $1,600,000 after buying an additional 3,310 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Easterly Government Properties by 3.5% in the third quarter. The Manufacturers Life Insurance Company now owns 48,846 shares of the real estate investment trust’s stock valued at $663,000 after buying an additional 1,637 shares during the period. Institutional investors 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.