Easterly Government Properties (NYSE:DEA) Sets New 52-Week Low – Time to Sell?

by · The Markets Daily

Easterly Government Properties, Inc. (NYSE:DEA – Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $10.92 and last traded at $10.93, with a volume of 1399608 shares traded. The stock had previously closed at $11.07.

Wall Street Analyst Weigh In

DEA has been the subject of several recent research reports. Truist Financial cut their target price on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, December 6th. StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group upgraded Easterly Government Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $13.00 to $15.00 in a report on Monday, October 14th.

Read Our Latest Stock Analysis on Easterly Government Properties

Easterly Government Properties Stock Up 2.2 %

The business’s 50 day simple moving average is $12.77 and its 200 day simple moving average is $13.00. The company has a market capitalization of $1.18 billion, a PE ratio of 62.06 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 – Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $74.78 million during the quarter, compared to analysts’ expectations of $74.98 million. During the same quarter last year, the company posted $0.29 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. As a group, analysts forecast that Easterly Government Properties, Inc. will post 1.16 EPS for the current year.

Easterly Government Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a dividend of $0.265 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.49%. Easterly Government Properties’s dividend payout ratio is 588.89%.

Hedge Funds Weigh In On Easterly Government Properties

Large investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Easterly Government Properties by 35.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 997 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Easterly Government Properties by 29.1% during the 3rd 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 in the last quarter. KBC Group NV lifted its holdings in shares of 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 buying an additional 2,014 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Easterly Government Properties in the 2nd quarter valued at approximately $115,000. Finally, Signaturefd LLC increased its holdings in Easterly Government Properties by 34.6% in the second quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 2,563 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

About Easterly Government Properties

(Get Free Report)

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.

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