Easterly Government Properties (NYSE:DEA) Now Covered by Analysts at Jefferies Financial Group

Equities research analysts at Jefferies Financial Group started coverage on shares of Easterly Government Properties (NYSE:DEA) in a report issued on Monday. The firm set a “buy” rating and a $13.00 price target on the real estate investment trust’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 23.05% from the company’s previous close.

DEA has been the subject of several other research reports. Royal Bank of Canada decreased 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. Truist Financial lowered their price objective on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. Finally, StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th.

Easterly Government Properties Trading Up 3.0 %

Shares of Easterly Government Properties stock opened at $10.57 on Monday. The stock has a market capitalization of $1.14 billion, a P/E ratio of 58.69 and a beta of 0.73. Easterly Government Properties has a 52-week low of $10.18 and a 52-week high of $14.53. 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 stock’s 50-day simple moving average is $11.09 and its 200 day simple moving average is $12.22.

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

Insider Buying and Selling at Easterly Government Properties

In other Easterly Government Properties news, CEO Darrell W. Crate bought 10,000 shares of Easterly Government Properties stock in a transaction on Monday, December 23rd. The stock was acquired at an average cost of $10.91 per share, with a total value of $109,100.00. Following the completion of the acquisition, the chief executive officer now owns 171,479 shares in the company, valued at approximately $1,870,835.89. This represents a 6.19 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On Easterly Government Properties

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC increased its holdings in 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 worth $35,000 after acquiring an additional 2,770 shares in the last quarter. Quarry LP lifted its position in shares of Easterly Government Properties by 604.0% in the fourth quarter. Quarry LP now owns 5,878 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 5,043 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Easterly Government Properties in the fourth quarter worth about $70,000. KBC Group NV raised its stake in Easterly Government Properties by 62.4% during the 3rd quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 2,014 shares during the period. Finally, Parvin Asset Management LLC bought a new position in shares of Easterly Government Properties during the fourth quarter worth $87,000. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

About Easterly Government Properties

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.