Stocks of Easterly Government Properties Inc. (NYSE:DEA) traded higher last session on Wall Street, up 0.78% to $14.13.
According to the data, Easterly Government Properties Inc. (NYSE:DEA) has 7 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $14.00, we find $15.25. Given the previous closing price of $14.02, this indicates a potential upside of 8.77 percent. DEA stock price is now -9.87% away from the 50-day moving average and -22.17% away from the 200-day moving average. The market capitalization of the company currently stands at $1.27B.
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A total of 6 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $15.58 as their price target over the next twelve months.
With the price target reduced from $18 to $14, BMO Capital Markets Downgraded its rating from Market Perform to Underperform for Easterly Government Properties Inc. (NYSE: DEA). On December 14, 2022, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $18 to quote $15.50, while ‘Compass Point’ rates the stock as ‘Neutral’.
In other news, Trimble William C., President & CEO sold 7,000 shares of the company’s stock on Mar 29. The stock was sold for $149,800 at an average price of $21.40. Upon completion of the transaction, the President & CEO now directly owns 91,279 shares in the company, valued at $1.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15, Chairman Crate Darrell W sold 10,406 shares of the business’s stock. A total of $217,902 was realized by selling the stock at an average price of $20.94. This leaves the insider owning 773 shares of the company worth $10922.49. Insiders disposed of 156,406 shares of company stock worth roughly $2.21 million over the past 1 year. A total of 0.38% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DEA stock. A new stake in Easterly Government Properties Inc. shares was purchased by GREAT WEST LIFE ASSURANCE CO /CAN/ during the first quarter worth $2,466,000. BOOTHBAY FUND MANAGEMENT, LLC invested $1,502,000 in shares of DEA during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in Easterly Government Properties Inc. valued at approximately $1,421,000. PERIGON WEALTH MANAGEMENT, LLC acquired a new stake in DEA for approximately $912,000. SQUAREPOINT OPS LLC purchased a new stake in DEA valued at around $887,000 in the second quarter. In total, there are 371 active investors with 92.40% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $14.03 for Easterly Government Properties Inc. (NYSE: DEA). During the past 12 months, Easterly Government Properties Inc. has had a low of $13.49 and a high of $23.65. The fifty day moving average price for DEA is $15.68 and a two-hundred day moving average price translates $18.15 for the stock.
The latest earnings results from Easterly Government Properties Inc. (NYSE: DEA) was released for Jun, 2022. According to the REIT – Office Company, earnings per share came in at $0.08, missing analysts’ expectations of $0.09 by -0.01. This compares to $0.09 EPS in the same period last year. The net profit margin was 7.40% and return on equity was 1.70% for DEA. The company reported revenue of $75.04 million for the quarter, compared to $69.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.81 percent. For the current quarter, analysts expect DEA to generate $75.95M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/23/2022. Investors who held shares on 11/11/2022 were paid a $0.265 dividend. On an annualized basis, this represents a $1.06 dividend and a 7.50% percent yield. There was an ex-dividend date of 11/09/2022 for this dividend. In terms of dividend payout ratio, DEA is presently at 328.80%.
Easterly Government Properties Inc.(DEA) Company Profile
Easterly Government Properties, Inc. (NYSE:DEA) is based in Washington, D.C., 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. Government agencies for properties leased to such agencies either directly or through the U.S. General Services Administration (GSA).
