Compass Point Reiterates Neutral Rating for Easterly Government Properties (NYSE:DEA)

Easterly Government Properties (NYSE:DEA)‘s stock had its “neutral” rating reiterated by research analysts at Compass Point in a report released on Thursday, MarketBeat Ratings reports. They presently have a $9.50 price objective on the real estate investment trust’s stock, down from their prior price objective of $15.00. Compass Point’s price target suggests a potential upside of 17.36% from the stock’s current price.

A number of other brokerages have also recently weighed in on DEA. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Tuesday, March 4th. Royal Bank of Canada cut their target price on shares of Easterly Government Properties from $12.00 to $11.00 and set an “underperform” rating on the stock in a report on Monday, March 10th. Finally, Jefferies Financial Group started coverage on Easterly Government Properties in a report on Monday, March 17th. They set a “buy” rating and a $13.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.63.

Easterly Government Properties Price Performance

Shares of DEA stock opened at $8.10 on Thursday. The firm has a fifty day moving average of $10.50 and a two-hundred day moving average of $11.71. The firm has a market cap of $874.03 million, a P/E ratio of 44.97 and a beta of 0.87. Easterly Government Properties has a 1-year low of $7.79 and a 1-year high of $14.53. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01.

Easterly Government Properties shares are set to reverse split on the morning of Monday, April 28th. The 2-5 reverse split was announced on Wednesday, April 9th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, April 25th.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.22. The firm had revenue of $78.25 million during the quarter, compared to analyst estimates of $79.49 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. Easterly Government Properties’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 earnings per share. As a group, research analysts anticipate that Easterly Government Properties will post 1.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Easterly Government Properties

A number of institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC increased its holdings in shares of Easterly Government Properties by 814.7% in the 4th quarter. Sterling Capital Management LLC now owns 3,110 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 2,770 shares during the period. Quarry LP grew its position in Easterly Government Properties by 604.0% during the fourth quarter. Quarry LP now owns 5,878 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 5,043 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Easterly Government Properties in the 4th quarter valued at approximately $70,000. Parvin Asset Management LLC purchased a new stake in Easterly Government Properties in the 4th quarter worth approximately $87,000. Finally, Quantbot Technologies LP purchased a new stake in Easterly Government Properties in the 4th quarter worth approximately $97,000. Hedge funds and other institutional investors 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.