Easterly Government Properties (NYSE:DEA) Receives “Neutral” Rating from Compass Point

Easterly Government Properties (NYSE:DEA)‘s stock had its “neutral” rating reissued by investment analysts at Compass Point in a report issued on Thursday, MarketBeat Ratings reports. They currently have a $9.50 price target on the real estate investment trust’s stock, down from their previous price target of $15.00. Compass Point’s target price points to a potential upside of 19.27% from the stock’s current price.

A number of other equities research analysts also recently commented on the stock. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research 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 for the company in a research report on Monday, March 10th. Finally, Jefferies Financial Group started coverage on shares of Easterly Government Properties in a research note on Monday, March 17th. They set a “buy” rating and a $13.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.63.

Easterly Government Properties Stock Down 16.3 %

Shares of DEA stock traded down $1.56 during trading hours on Thursday, hitting $7.97. 2,235,204 shares of the company’s stock traded hands, compared to its average volume of 1,120,324. The stock’s fifty day simple moving average is $10.62 and its two-hundred day simple moving average is $11.79. Easterly Government Properties has a 12-month low of $8.01 and a 12-month high of $14.53. The stock has a market cap of $859.99 million, a price-to-earnings ratio of 44.56 and a beta of 0.87. 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 released its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 earnings per share (EPS) 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 net margin of 6.25% and a return on equity of 1.34%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share. On average, analysts expect that Easterly Government Properties will post 1.17 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Aurora Investment Managers LLC. lifted its stake in shares of Easterly Government Properties by 3.6% during the 1st quarter. Aurora Investment Managers LLC. now owns 320,513 shares of the real estate investment trust’s stock valued at $3,397,000 after buying an additional 11,072 shares in the last quarter. Kaizen Financial Strategies purchased a new stake in Easterly Government Properties in the 1st quarter worth $111,000. GAMMA Investing LLC lifted its stake in Easterly Government Properties by 635.0% in the 1st quarter. GAMMA Investing LLC now owns 18,433 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 15,925 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Easterly Government Properties in the 4th quarter worth $121,000. Finally, Wealthedge Investment Advisors LLC bought a new stake in shares of Easterly Government Properties in the 4th quarter worth about $512,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

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.