Easterly Government Properties (DEA) Lifted to “Hold” at ValuEngine

Easterly Government Properties (NYSE:DEA) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Separately, Zacks Investment Research upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Monday, September 24th.

Shares of NYSE:DEA opened at $17.70 on Thursday. Easterly Government Properties has a 52-week low of $17.42 and a 52-week high of $22.32. The firm has a market capitalization of $1.17 billion, a P/E ratio of 14.05, a P/E/G ratio of 3.67 and a beta of 0.45. The company has a quick ratio of 6.97, a current ratio of 6.97 and a debt-to-equity ratio of 0.46.

Easterly Government Properties (NYSE:DEA) last announced its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.28). Easterly Government Properties had a return on equity of 0.59% and a net margin of 3.51%. The company had revenue of $36.97 million during the quarter, compared to analysts’ expectations of $37.04 million. Sell-side analysts predict that Easterly Government Properties will post 1.17 EPS for the current year.

In other Easterly Government Properties news, Chairman Darrell W. Crate sold 8,125 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $20.00, for a total transaction of $162,500.00. Following the completion of the sale, the chairman now directly owns 53,125 shares in the company, valued at $1,062,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO William C. Trimble sold 9,000 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $19.75, for a total transaction of $177,750.00. Following the sale, the chief executive officer now owns 90,713 shares of the company’s stock, valued at $1,791,581.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 434,250 shares of company stock valued at $8,542,390. Company insiders own 14.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of DEA. Wells Fargo & Company MN boosted its position in Easterly Government Properties by 8.4% during the first quarter. Wells Fargo & Company MN now owns 330,392 shares of the real estate investment trust’s stock valued at $6,739,000 after buying an additional 25,706 shares during the period. Swiss National Bank boosted its holdings in shares of Easterly Government Properties by 15.4% during the first quarter. Swiss National Bank now owns 76,410 shares of the real estate investment trust’s stock worth $1,559,000 after purchasing an additional 10,200 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Easterly Government Properties by 14.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 515,734 shares of the real estate investment trust’s stock worth $10,521,000 after purchasing an additional 66,515 shares during the period. Northern Trust Corp boosted its holdings in shares of Easterly Government Properties by 5.6% during the first quarter. Northern Trust Corp now owns 727,696 shares of the real estate investment trust’s stock worth $14,846,000 after purchasing an additional 38,552 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Easterly Government Properties by 10.6% during the first quarter. BlackRock Inc. now owns 7,540,399 shares of the real estate investment trust’s stock worth $153,822,000 after purchasing an additional 720,309 shares during the period.

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.

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