The price of Easterly Government Properties Inc. (NYSE:DEA) shares last traded on Wall Street fell -0.30% to $13.33.
Based on available information, 7 analysts follow Easterly Government Properties Inc. (NYSE:DEA). 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 $13.00, we find $14.00. Given the previous closing price of $13.37, this indicates a potential upside of 4.71 percent. DEA stock price is now -6.76% away from the 50-day moving average and -8.49% away from the 200-day moving average. The market capitalization of the company currently stands at $1.25B.
Among analysts, 4 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $14.50 as their price target over the next twelve months.
With the price target reduced from $15 to $13, RBC Capital Mkts Downgraded its rating from Sector Perform to Underperform for Easterly Government Properties Inc. (NYSE: DEA).
A total of 0.39% 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 WESTWOOD HOLDINGS GROUP INC during the first quarter worth $26,161,000. PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. invested $2,417,000 in shares of DEA during the first quarter. In the first quarter, JANE STREET GROUP, LLC acquired a new stake in Easterly Government Properties Inc. valued at approximately $2,199,000. XCEL WEALTH MANAGEMENT, LLC acquired a new stake in DEA for approximately $1,458,000. J.W. COLE ADVISORS, INC. purchased a new stake in DEA valued at around $671,000 in the second quarter. In total, there are 372 active investors with 92.40% ownership of the company’s stock.
A candlestick chart of Easterly Government Properties Inc. (NYSE: DEA) showed a price of $13.42 on Friday morning. During the past 12 months, Easterly Government Properties Inc. has had a low of $12.27 and a high of $18.47. The fifty day moving average price for DEA is $14.28 and a two-hundred day moving average price translates $14.55 for the stock.
The latest earnings results from Easterly Government Properties Inc. (NYSE: DEA) was released for Jun, 2023. According to the REIT – Office Company, earnings per share came in at $0.05, missing analysts’ expectations of $0.06 by -0.01. This compares to $0.08 EPS in the same period last year. The net profit margin was 8.70% and return on equity was 2.00% for DEA. The company reported revenue of $71.37 million for the quarter, compared to $72.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.9 percent. For the current quarter, analysts expect DEA to generate $70.7M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/29/4023. Investors who held shares on 08/17/2023 were paid a $0.265 dividend. On an annualized basis, this represents a $1.06 dividend and a 7.95% percent yield. There was an ex-dividend date of 08/16/2023 for this dividend. In terms of dividend payout ratio, DEA is presently at 431.80%.
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).
