Easterly Government Properties (NYSE:DEA) Hits New 12-Month Low – Time to Sell?

Easterly Government Properties, Inc. (NYSE:DEA) shares hit a new 52-week low during trading on Friday . The company traded as low as $10.72 and last traded at $10.77, with a volume of 189165 shares traded. The stock had previously closed at $10.92.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Truist Financial decreased their target price on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. Jefferies Financial Group reduced their price target on Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Finally, StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Monday, January 27th.

Easterly Government Properties Stock Performance

The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. The stock has a 50 day simple moving average of $11.45 and a 200 day simple moving average of $12.73. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 59.92 and a beta of 0.70.

Easterly Government Properties (NYSE:DEA) last released its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.24). Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The company had revenue of $74.78 million during the quarter, compared to the consensus estimate of $74.98 million. During the same period in the previous year, the firm posted $0.29 EPS. Easterly Government Properties’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, analysts predict that Easterly Government Properties, Inc. will post 1.17 EPS for the current year.

Insider Buying and Selling at Easterly Government Properties

In related news, CEO Darrell W. Crate purchased 10,000 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were bought at an average price of $10.91 per share, with a total value of $109,100.00. Following the completion of the acquisition, the chief executive officer now owns 171,479 shares of the company’s stock, valued at approximately $1,870,835.89. This represents a 6.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Easterly Government Properties by 35.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 997 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Easterly Government Properties by 29.1% in the third quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 875 shares during the period. KBC Group NV increased its position in Easterly Government Properties by 62.4% during the third quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 2,014 shares during the period. Inceptionr LLC acquired a new position in shares of Easterly Government Properties in the fourth quarter valued at $122,000. Finally, Metis Global Partners LLC acquired a new position in shares of Easterly Government Properties in the 4th quarter worth approximately $126,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc (NYSE: DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.