Easterly Government Properties Inc. (DEA) Stock Price Down 1.2%
Easterly Government Properties Inc. (NYSE:DEA) traded down 1.2% during mid-day trading on Tuesday . The company traded as low as $19.79 and last traded at $19.86, with a volume of 71,569 shares. The stock had previously closed at $20.11.
DEA has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a report on Wednesday, May 18th. Citigroup Inc. raised their price target on shares of Easterly Government Properties from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, July 7th.
The firm has a market cap of $480.46 million and a price-to-earnings ratio of 272.33. The firm’s 50-day moving average price is $19.11 and its 200-day moving average price is $18.11.
Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results on Monday, May 9th. The real estate investment trust reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. The business had revenue of $24 million for the quarter, compared to the consensus estimate of $22.83 million. The firm’s revenue for the quarter was up 29.2% compared to the same quarter last year. Analysts forecast that Easterly Government Properties Inc. will post $1.20 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 23rd. Shareholders of record on Wednesday, June 8th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Monday, June 6th. This represents a $0.92 dividend on an annualized basis and a yield of 4.57%. This is a positive change from Easterly Government Properties’s previous quarterly dividend of $0.22.
Easterly Government Properties, Inc is a real estate investment trust (REIT). The Company is focused primarily on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies, such as the Drug Enforcement Administration, Federal Bureau of Investigation, Internal Revenue Service, Patent and Trademark Office, Customs and Border Protection, U.S.
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