Jefferies Financial Group Has Lowered Expectations for Easterly Government Properties (NYSE:DEA) Stock Price

Easterly Government Properties (NYSE:DEA) had its price objective lowered by equities researchers at Jefferies Financial Group from $15.00 to $12.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Jefferies Financial Group’s target price suggests a potential upside of 5.82% from the company’s previous close.

DEA has been the subject of several other reports. Truist Financial lowered their price target on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, December 6th. StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, October 10th.

Easterly Government Properties Trading Down 0.2 %

Easterly Government Properties stock traded down $0.02 during midday trading on Thursday, hitting $11.34. 187,879 shares of the stock were exchanged, compared to its average volume of 985,581. The stock has a market capitalization of $1.20 billion, a PE ratio of 63.00 and a beta of 0.69. The company has a fifty day simple moving average of $12.31 and a two-hundred day simple moving average of $12.96. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. Easterly Government Properties has a 52 week low of $10.76 and a 52 week high of $14.52.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.24). Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The firm had revenue of $74.78 million for the quarter, compared to the consensus estimate of $74.98 million. During the same period in the prior year, the business earned $0.29 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts anticipate that Easterly Government Properties will post 1.16 EPS for the current fiscal year.

Insider Activity

In other news, CEO Darrell W. Crate bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of $10.91 per share, with a total value of $109,100.00. Following the transaction, the chief executive officer now owns 171,479 shares in the company, valued at $1,870,835.89. This represents a 6.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On Easterly Government Properties

A number of large investors have recently bought and sold shares of DEA. State Street Corp boosted its stake in shares of Easterly Government Properties by 1.2% during the 3rd quarter. State Street Corp now owns 5,839,318 shares of the real estate investment trust’s stock worth $79,298,000 after buying an additional 66,663 shares during the last quarter. Geode Capital Management LLC boosted its position in Easterly Government Properties by 0.4% during the third quarter. Geode Capital Management LLC now owns 2,552,691 shares of the real estate investment trust’s stock valued at $34,671,000 after purchasing an additional 9,248 shares during the last quarter. Victory Capital Management Inc. grew its stake in Easterly Government Properties by 4.3% in the third quarter. Victory Capital Management Inc. now owns 1,932,660 shares of the real estate investment trust’s stock valued at $26,246,000 after purchasing an additional 79,400 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Easterly Government Properties by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,909,257 shares of the real estate investment trust’s stock worth $25,928,000 after purchasing an additional 15,868 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Easterly Government Properties by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,361,719 shares of the real estate investment trust’s stock worth $16,844,000 after purchasing an additional 9,738 shares in the last quarter. Institutional investors and hedge funds 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.