Easterly Government Properties Inc. (DEA) Sees Strong Trading Volume
Easterly Government Properties Inc. (NYSE:DEA) saw an uptick in trading volume on Friday . 1,464,278 shares were traded during mid-day trading, an increase of 510% from the previous session’s volume of 240,171 shares.The stock last traded at $20.49 and had previously closed at $20.34.
Several research firms recently issued reports on DEA. Citigroup Inc. increased their target price on shares of Easterly Government Properties from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th. Zacks Investment Research lowered shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a report on Wednesday, May 18th.
The stock has a 50 day moving average of $19.57 and a 200-day moving average of $18.35. The stock has a market capitalization of $495.20 million and a P/E ratio of 280.68.
Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Monday, May 9th. The real estate investment trust reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. The business earned $24 million during the quarter, compared to analyst estimates of $22.83 million. Easterly Government Properties’s revenue was up 29.2% compared to the same quarter last year. On average, equities research analysts predict that Easterly Government Properties Inc. will post $1.20 earnings per share for the current fiscal year.
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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