Easterly Government Properties Inc. (DEA) Hits New 52-Week High at $20.38
Easterly Government Properties Inc. (NYSE:DEA)’s share price hit a new 52-week high on Monday . The company traded as high as $20.38 and last traded at $20.38, with a volume of 193,610 shares. The stock had previously closed at $20.08.
A number of equities analysts recently weighed in on DEA shares. Citigroup Inc. lifted their target price on shares of Easterly Government Properties from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, July 7th. Zacks Investment Research cut shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a report on Wednesday, May 18th.
The company has a market capitalization of $492.54 million and a price-to-earnings ratio of 279.18. The company has a 50 day moving average price of $19.42 and a 200-day moving average price of $18.28.
Easterly Government Properties (NYSE:DEA) last announced its earnings results on Monday, May 9th. The real estate investment trust reported $0.30 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.30. The firm earned $24 million during the quarter, compared to the consensus estimate of $22.83 million. The company’s revenue was up 29.2% compared to the same quarter last year. On average, equities analysts predict that Easterly Government Properties Inc. will post $1.20 EPS 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.