Easterly Government Properties Inc. (DEA) Sees Unusually-High Trading Volume
Shares of Easterly Government Properties Inc. (NYSE:DEA) saw unusually-high trading volume on Friday . Approximately 1,464,278 shares changed hands 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.
DEA has been the subject of a number of research analyst reports. Citigroup Inc. lifted their price target on Easterly Government Properties from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, July 7th. Zacks Investment Research lowered Easterly Government Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, May 18th.
The company has a 50 day moving average price of $19.57 and a 200 day moving average price of $18.35. The stock has a market capitalization of $495.20 million and a PE ratio of 280.68.
Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data 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 had revenue of $24 million for the quarter, compared to the consensus estimate of $22.83 million. The business’s quarterly revenue was up 29.2% on a year-over-year basis. Equities research analysts anticipate that Easterly Government Properties Inc. will post $1.20 EPS for the current 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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