Easterly Government Properties (NYSE:DEA) had its target price hoisted by SunTrust Banks from $20.00 to $22.00 in a research note issued to investors on Thursday morning, The Fly reports. They currently have 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 analysts also recently issued research reports about the company. ValuEngine raised Easterly Government Properties from a hold rating to a buy rating in a research note on Monday, August 12th. Raymond James lifted their price target on Easterly Government Properties from $19.50 to $21.00 and gave the company an outperform rating in a research note on Tuesday, August 6th. Finally, Zacks Investment Research downgraded Easterly Government Properties from a hold rating to a sell rating in a research note on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $21.20.

DEA stock traded down $0.22 during midday trading on Thursday, hitting $20.88. 69,436 shares of the company’s stock were exchanged, compared to its average volume of 875,747. The stock’s fifty day moving average price is $20.06 and its 200-day moving average price is $18.65. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $1.50 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 7.38 and a beta of 0.60. Easterly Government Properties has a one year low of $15.16 and a one year high of $21.30.

Easterly Government Properties (NYSE:DEA) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.21). The business had revenue of $52.75 million for the quarter, compared to the consensus estimate of $52.29 million. Easterly Government Properties had a return on equity of 0.74% and a net margin of 4.17%. The business’s revenue was up 42.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. On average, analysts expect that Easterly Government Properties will post 1.19 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.98%. The ex-dividend date is Wednesday, September 11th. Easterly Government Properties’s dividend payout ratio is 88.89%.

In related news, Chairman Darrell W. Crate sold 8,125 shares of Easterly Government Properties stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $18.47, for a total value of $150,068.75. Following the sale, the chairman now owns 64,154 shares of the company’s stock, valued at $1,184,924.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William C. Trimble sold 9,000 shares of Easterly Government Properties stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $18.04, for a total value of $162,360.00. Following the completion of the sale, the chief executive officer now directly owns 108,727 shares in the company, valued at approximately $1,961,435.08. The disclosure for this sale can be found here. Insiders sold a total of 43,250 shares of company stock worth $819,578 in the last three months. Company insiders own 12.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Easterly Government Properties by 8.1% in the second quarter. BlackRock Inc. now owns 11,660,213 shares of the real estate investment trust’s stock valued at $211,167,000 after acquiring an additional 874,410 shares during the last quarter. Natixis acquired a new stake in shares of Easterly Government Properties in the second quarter valued at about $1,036,000. Delphi Management Inc. MA acquired a new stake in shares of Easterly Government Properties in the second quarter valued at about $513,000. Royal Bank of Canada increased its position in shares of Easterly Government Properties by 5.0% in the second quarter. Royal Bank of Canada now owns 106,764 shares of the real estate investment trust’s stock valued at $1,933,000 after acquiring an additional 5,036 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Easterly Government Properties by 3.9% in the second quarter. UBS Asset Management Americas Inc. now owns 196,511 shares of the real estate investment trust’s stock valued at $3,559,000 after acquiring an additional 7,346 shares during the last quarter. 82.78% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Easterly Government Properties (NYSE:DEA)

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