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

Easterly Government Properties (NYSE:DEA) had its price target cut by stock analysts at Jefferies Financial Group from $15.00 to $12.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 4.17% from the company’s current price.

Several other research analysts also recently commented on the company. StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Truist Financial cut their price objective on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, December 6th.

Easterly Government Properties Price Performance

Shares of DEA opened at $11.52 on Thursday. The business has a 50-day simple moving average of $12.22 and a two-hundred day simple moving average of $12.94. Easterly Government Properties has a 12-month low of $10.76 and a 12-month high of $14.52. The stock has a market cap of $1.22 billion, a PE ratio of 64.00 and a beta of 0.69. 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 (NYSE:DEA) last issued its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.24). Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The business had revenue of $74.78 million during the quarter, compared to the consensus estimate of $74.98 million. During the same quarter last year, the business earned $0.29 EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. Analysts anticipate that Easterly Government Properties will post 1.16 earnings per share for the current fiscal year.

Insider Activity at Easterly Government Properties

In related news, CEO Darrell W. Crate bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $10.91 per share, with a total value of $109,100.00. Following the completion of the purchase, the chief executive officer now directly owns 171,479 shares in the company, valued at $1,870,835.89. The trade was a 6.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Easterly Government Properties

Institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in Easterly Government Properties by 35.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 997 shares during the period. GAMMA Investing LLC raised its position in shares of Easterly Government Properties by 29.1% during the third quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 875 shares during the period. KBC Group NV raised its position in shares of Easterly Government Properties by 62.4% during the third quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 2,014 shares during the period. National Bank of Canada FI bought a new position in shares of Easterly Government Properties in the 2nd quarter worth $115,000. Finally, CIBC Asset Management Inc acquired a new stake in Easterly Government Properties in the 2nd quarter valued at $128,000. 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.