Easterly Government Properties (NYSE:DEA) had its price objective hoisted by SunTrust Banks from $20.00 to $22.00 in a research note released on Thursday, BenzingaRatingsTable reports. SunTrust Banks currently has 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.

Several other research analysts also recently commented on the stock. Raymond James lifted their target price on shares of Easterly Government Properties from $19.50 to $21.00 and gave the stock an outperform rating in a report on Tuesday, August 6th. Zacks Investment Research downgraded shares of Easterly Government Properties from a hold rating to a sell rating in a report on Wednesday, September 4th. Finally, ValuEngine upgraded shares of Easterly Government Properties from a hold rating to a buy rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of $21.20.

Easterly Government Properties stock opened at $20.87 on Thursday. The company has a market capitalization of $1.50 billion, a P/E ratio of 17.84, a P/E/G ratio of 7.41 and a beta of 0.60. The firm’s fifty day simple moving average is $20.10 and its 200-day simple moving average is $18.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.78. Easterly Government Properties has a 1-year low of $15.16 and a 1-year high of $21.30.

Easterly Government Properties (NYSE:DEA) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.21). The firm had revenue of $52.75 million during 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 EPS. On average, equities research analysts predict that Easterly Government Properties will post 1.19 earnings per share for the current year.

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

In related news, Chairman Darrell W. Crate sold 8,125 shares of Easterly Government Properties stock in a transaction on Monday, June 24th. The shares were sold at an average price of $18.31, for a total value of $148,768.75. Following the transaction, the chairman now owns 64,154 shares in the company, valued at approximately $1,174,659.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William C. Trimble sold 9,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $18.04, for a total transaction of $162,360.00. Following the completion of the sale, the chief executive officer now owns 108,727 shares in the company, valued at $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 quarter. Insiders own 12.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Easterly Government Properties by 8.1% in the 2nd quarter. BlackRock Inc. now owns 11,660,213 shares of the real estate investment trust’s stock worth $211,167,000 after purchasing an additional 874,410 shares during the last quarter. Natixis acquired a new stake in Easterly Government Properties in the 2nd quarter worth $1,036,000. Delphi Management Inc. MA acquired a new stake in Easterly Government Properties in the 2nd quarter worth $513,000. Royal Bank of Canada grew its position in Easterly Government Properties by 5.0% in the 2nd quarter. Royal Bank of Canada now owns 106,764 shares of the real estate investment trust’s stock worth $1,933,000 after purchasing an additional 5,036 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in Easterly Government Properties by 3.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 196,511 shares of the real estate investment trust’s stock worth $3,559,000 after purchasing an additional 7,346 shares during the last quarter. Institutional investors own 91.23% 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.

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Analyst Recommendations for Easterly Government Properties (NYSE:DEA)

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