Easterly Government Properties (NYSE:DEA) had its price objective hoisted by SunTrust Banks from $20.00 to $22.00 in a report released on Thursday morning, BenzingaRatingsTable reports. SunTrust Banks currently has a buy rating on the real estate investment trust’s stock. SunTrust Banks also issued estimates for Easterly Government Properties’ Q4 2019 earnings at $0.31 EPS.
Other research analysts have also recently issued reports about the stock. Raymond James increased their price objective on shares of Easterly Government Properties from $19.50 to $21.00 and gave the company an outperform rating in a report on Tuesday, August 6th. Zacks Investment Research cut shares of Easterly Government Properties from a hold rating to a sell rating in a report on Wednesday, September 4th. Finally, ValuEngine upgraded shares of Easterly Government Properties from a hold rating to a buy rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $21.20.
Easterly Government Properties stock opened at $20.87 on Thursday. The firm has a 50 day simple moving average of $20.10 and a 200-day simple moving average of $18.66. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $1.50 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 7.41 and a beta of 0.60. Easterly Government Properties has a 12-month low of $15.16 and a 12-month high of $21.30.
Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.21). The company had revenue of $52.75 million during the quarter, compared to the consensus estimate of $52.29 million. Easterly Government Properties had a net margin of 4.17% and a return on equity of 0.74%. The company’s revenue was up 42.7% on a year-over-year basis. During the same quarter last year, the business earned $0.29 earnings per share. On average, analysts forecast that Easterly Government Properties will post 1.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Wednesday, September 11th. Easterly Government Properties’s payout ratio is 88.89%.
In related news, Chairman Darrell W. Crate sold 8,125 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $18.31, for a total transaction of $148,768.75. Following the completion of the sale, the chairman now directly owns 64,154 shares in the company, valued at $1,174,659.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William C. Trimble sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $19.14, for a total transaction of $172,260.00. Following the sale, the chief executive officer now owns 108,727 shares of the company’s stock, valued at $2,081,034.78. The disclosure for this sale can be found here. Insiders have sold 43,250 shares of company stock valued at $819,578 over the last 90 days. 12.10% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of DEA. Advisory Services Network LLC boosted its stake in Easterly Government Properties by 183.6% in the 1st quarter. Advisory Services Network LLC now owns 1,421 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 920 shares during the period. First Mercantile Trust Co. acquired a new position in Easterly Government Properties in the 2nd quarter worth approximately $44,000. MML Investors Services LLC boosted its stake in Easterly Government Properties by 6.6% in the 2nd quarter. MML Investors Services LLC now owns 10,733 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 665 shares during the period. Monetary Management Group Inc. boosted its stake in Easterly Government Properties by 400.0% in the 1st quarter. Monetary Management Group Inc. now owns 11,250 shares of the real estate investment trust’s stock worth $203,000 after purchasing an additional 9,000 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in Easterly Government Properties by 13.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 11,300 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 1,300 shares during the period. 91.23% of the stock is owned by hedge funds and other institutional investors.
About Easterly Government Properties
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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