Latest Stocks: Easterly Government Properties Inc (DEA) Rating Increased to Buy at Zacks Investment Research

Latest Stocks: Easterly Government Properties Inc (DEA) Rating Increased to Buy at Zacks Investment Research

Easterly Government Properties Inc (NYSE:DEA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The firm currently has a $23.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s target price indicates a potential upside of 12.20% from the stock’s current price.

According to Zacks, “Easterly Government Properties, Inc. is focused primarily on the acquisition, development and management of commercial properties leased to U.S. Government agencies through the U.S. General Services Administration. Easterly Government Properties, Inc. is based in Washington, District of Columbia. “

Separately, Jefferies Group LLC upped their price target on shares of Easterly Government Properties from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, April 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $21.50. Shares of Easterly Government Properties (NYSE DEA) opened at 20.50 on Friday. Easterly Government Properties has a 12-month low of $17.94 and a 12-month high of $21.38. The firm has a market cap of $757.93 million, a P/E ratio of 200.98 and a beta of 0.58. The company’s 50 day moving average price is $20.09 and its 200 day moving average price is $19.94.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.28. The firm had revenue of $29.89 million during the quarter, compared to the consensus estimate of $28.14 million. Easterly Government Properties had a return on equity of 0.76% and a net margin of 4.52%. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS. Equities research analysts forecast that Easterly Government Properties will post $0.18 EPS for the current year. The company also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Investors of record on Wednesday, June 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date is Monday, June 12th. This is a boost from Easterly Government Properties’s previous quarterly dividend of $0.24. Easterly Government Properties’s dividend payout ratio is currently 1,371.43%.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.28. The firm had revenue of $29.89 million during the quarter, compared to the consensus estimate of $28.14 million. Easterly Government Properties had a return on equity of 0.76% and a net margin of 4.52%. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS. Equities research analysts forecast that Easterly Government Properties will post $0.18 EPS for the current year. A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DEA. Vanguard Group Inc. boosted its position in Easterly Government Properties by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,084,071 shares of the real estate investment trust’s stock worth $80,824,000 after buying an additional 56,782 shares in the last quarter. AEW Capital Management L P boosted its position in Easterly Government Properties by 5.7% in the first quarter. AEW Capital Management L P now owns 1,884,657 shares of the real estate investment trust’s stock worth $37,297,000 after buying an additional 101,100 shares in the last quarter. State Street Corp boosted its position in Easterly Government Properties by 2.7% in the first quarter. State Street Corp now owns 856,059 shares of the real estate investment trust’s stock worth $16,942,000 after buying an additional 22,198 shares in the last quarter. Weiss Multi Strategy Advisers LLC purchased a new position in Easterly Government Properties during the first quarter worth approximately $16,211,000. Finally, Putnam Investments LLC boosted its position in Easterly Government Properties by 0.4% in the fourth quarter. Putnam Investments LLC now owns 747,300 shares of the real estate investment trust’s stock worth $14,961,000 after buying an additional 3,192 shares in the last quarter. 77.87% of the stock is currently owned by institutional investors and hedge funds.

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