Easterly Government Properties, Inc. (NYSE:DEA) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Wednesday.

A number of other brokerages have also recently commented on DEA. Jefferies Group LLC boosted their price target on Easterly Government Properties from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Zacks Investment Research upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $22.13.

Shares of Easterly Government Properties (NYSE:DEA) traded up 0.56% during mid-day trading on Wednesday, hitting $19.72. The stock had a trading volume of 47,191 shares. Easterly Government Properties has a 52-week low of $17.94 and a 52-week high of $21.81. The stock’s 50-day moving average price is $20.26 and its 200-day moving average price is $20.20. The firm has a market cap of $755.02 million, a PE ratio of 197.20 and a beta of 0.56.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by $0.29. Easterly Government Properties had a return on equity of 0.58% and a net margin of 3.40%. The company had revenue of $30.60 million during the quarter, compared to the consensus estimate of $30.61 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. On average, analysts anticipate that Easterly Government Properties will post $0.10 earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its position in shares of Easterly Government Properties by 1.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 29,122 shares of the real estate investment trust’s stock worth $610,000 after buying an additional 456 shares during the last quarter. First National Bank of Omaha raised its position in shares of Easterly Government Properties by 0.9% in the second quarter. First National Bank of Omaha now owns 66,638 shares of the real estate investment trust’s stock worth $1,396,000 after buying an additional 575 shares during the last quarter. Legal & General Group Plc raised its position in shares of Easterly Government Properties by 7.8% in the second quarter. Legal & General Group Plc now owns 8,528 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 619 shares during the last quarter. Royal Bank of Canada raised its position in shares of Easterly Government Properties by 1.5% in the second quarter. Royal Bank of Canada now owns 42,064 shares of the real estate investment trust’s stock worth $882,000 after buying an additional 630 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Easterly Government Properties by 0.3% in the first quarter. Wells Fargo & Company MN now owns 232,680 shares of the real estate investment trust’s stock worth $4,604,000 after buying an additional 643 shares during the last quarter. Institutional investors own 90.12% of the company’s stock.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).

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