Easterly Government Properties (NYSE:DEA) Upgraded at StockNews.com

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

A number of other research firms have also recently weighed in on DEA. Truist Financial cut their price objective on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, December 6th. Jefferies Financial Group dropped their price target on shares of Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd.

Easterly Government Properties Stock Performance

Shares of Easterly Government Properties stock opened at $11.30 on Monday. The company has a market capitalization of $1.19 billion, a PE ratio of 62.75 and a beta of 0.69. Easterly Government Properties has a one year low of $10.76 and a one year high of $14.52. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.01 and a current ratio of 4.01. The company has a 50-day simple moving average of $11.63 and a two-hundred day simple moving average of $12.84.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results 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). The company had revenue of $74.78 million for the quarter, compared to analyst estimates of $74.98 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. Research analysts expect that Easterly Government Properties will post 1.16 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Darrell W. Crate acquired 10,000 shares of Easterly Government Properties stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of $10.91 per share, for a total transaction of $109,100.00. Following the transaction, the chief executive officer now owns 171,479 shares of the company’s stock, valued at $1,870,835.89. This represents a 6.19 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Easterly Government Properties

Several large investors have recently bought and sold shares of DEA. Consolidated Portfolio Review Corp raised its position in Easterly Government Properties by 3.9% in the 4th quarter. Consolidated Portfolio Review Corp now owns 100,200 shares of the real estate investment trust’s stock valued at $1,138,000 after purchasing an additional 3,728 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Easterly Government Properties by 1.6% in the fourth quarter. State of Alaska Department of Revenue now owns 102,928 shares of the real estate investment trust’s stock valued at $1,168,000 after buying an additional 1,658 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of Easterly Government Properties by 14.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 31,917 shares of the real estate investment trust’s stock worth $363,000 after buying an additional 3,970 shares during the last quarter. abrdn plc boosted its position in shares of Easterly Government Properties by 30.6% in the 4th quarter. abrdn plc now owns 24,879 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 5,832 shares in the last quarter. Finally, Sonora Investment Management Group LLC grew its stake in Easterly Government Properties by 5.0% in the 4th quarter. Sonora Investment Management Group LLC now owns 42,250 shares of the real estate investment trust’s stock valued at $480,000 after acquiring an additional 2,000 shares during the last quarter. 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.