Easterly Government Properties (NYSE:DEA) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Separately, Zacks Investment Research lowered shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Monday, May 14th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $23.33.

Easterly Government Properties stock traded up $0.04 during midday trading on Friday, reaching $19.94. The stock had a trading volume of 354,400 shares, compared to its average volume of 598,081. Easterly Government Properties has a twelve month low of $19.03 and a twelve month high of $22.32. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market capitalization of $917.19 million, a price-to-earnings ratio of 15.83 and a beta of 0.46.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Tuesday, May 8th. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Easterly Government Properties had a return on equity of 0.58% and a net margin of 3.23%. The firm had revenue of $35.97 million during the quarter, compared to analyst estimates of $38.53 million. During the same period in the prior year, the business posted $0.31 EPS. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. equities analysts forecast that Easterly Government Properties will post 1.29 earnings per share for the current fiscal year.

In related news, Chairman Darrell W. Crate sold 160,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 24th. The shares were sold at an average price of $19.97, for a total value of $3,195,200.00. Following the completion of the transaction, the chairman now owns 205,000 shares of the company’s stock, valued at approximately $4,093,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 14.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC purchased a new stake in Easterly Government Properties in the 1st quarter worth approximately $102,000. SG Americas Securities LLC purchased a new stake in Easterly Government Properties in the 4th quarter worth approximately $108,000. Stratos Wealth Partners LTD. lifted its position in Easterly Government Properties by 2,500.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 6,500 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 6,250 shares in the last quarter. Meadow Creek Investment Management LLC purchased a new stake in Easterly Government Properties in the 1st quarter worth approximately $139,000. Finally, QS Investors LLC purchased a new stake in Easterly Government Properties in the 4th quarter worth approximately $149,000. Institutional investors own 96.92% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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