The Easterly Government Properties Inc (DEA) Rating Lowered to Hold at Zacks Investment Research

The Easterly Government Properties Inc (DEA) Rating Lowered to Hold at Zacks Investment Research

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. “

Easterly Government Properties Inc (NYSE:DEA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Easterly Government Properties (NYSE DEA) opened at 20.50 on Thursday. The firm has a market capitalization of $757.93 million, a PE ratio of 200.98 and a beta of 0.58. Easterly Government Properties has a 52-week low of $17.94 and a 52-week high of $21.38. The stock’s 50 day moving average price is $20.08 and its 200 day moving average price is $19.91. Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.28. Easterly Government Properties had a return on equity of 0.37% and a net margin of 2.42%. The business had revenue of $29.89 million during the quarter, compared to the consensus estimate of $28.14 million. During the same period last year, the business posted $0.30 earnings per share. The business’s revenue was up 24.7% on a year-over-year basis. On average, analysts predict that Easterly Government Properties will post $0.18 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new stake in shares of Easterly Government Properties during the fourth quarter valued at approximately $758,000. Norges Bank purchased a new stake in shares of Easterly Government Properties during the fourth quarter valued at approximately $310,000. Brown Advisory Inc. increased its stake in shares of Easterly Government Properties by 19.2% in the fourth quarter. Brown Advisory Inc. now owns 606,578 shares of the real estate investment trust’s stock valued at $12,144,000 after buying an additional 97,650 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Easterly Government Properties by 104.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 164,574 shares of the real estate investment trust’s stock valued at $3,294,000 after buying an additional 83,948 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Easterly Government Properties by 10.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 15,060 shares of the real estate investment trust’s stock valued at $287,000 after buying an additional 1,460 shares in the last quarter. Institutional investors own 77.87% of the company’s stock. About Easterly Government Properties

Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DEA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”}); Get a free copy of the Zacks research report on Easterly Government Properties (DEA)

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