Easterly Government Properties, Inc. (NYSE:DEA) saw a large increase in short interest in October. As of October 13th, there was short interest totalling 1,274,963 shares, an increase of 50.5% from the September 29th total of 847,394 shares. Approximately 3.3% of the company’s stock are short sold. Based on an average daily volume of 308,024 shares, the short-interest ratio is currently 4.1 days.
DEA has been the topic of a number of recent analyst reports. Zacks Investment Research raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. BidaskClub lowered Easterly Government Properties from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $24.00 price target on shares of Easterly Government Properties in a research report on Tuesday, October 10th.
Institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. increased its holdings in Easterly Government Properties by 1.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 29,122 shares of the real estate investment trust’s stock valued at $610,000 after purchasing an additional 456 shares in the last quarter. First National Bank of Omaha increased its holdings in Easterly Government Properties by 0.9% during the 2nd quarter. First National Bank of Omaha now owns 66,638 shares of the real estate investment trust’s stock valued at $1,396,000 after purchasing an additional 575 shares in the last quarter. Legal & General Group Plc increased its holdings in Easterly Government Properties by 7.8% during the 2nd quarter. Legal & General Group Plc now owns 8,528 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 619 shares in the last quarter. Royal Bank of Canada increased its holdings in Easterly Government Properties by 1.5% during the 2nd quarter. Royal Bank of Canada now owns 42,064 shares of the real estate investment trust’s stock valued at $882,000 after purchasing an additional 630 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in Easterly Government Properties by 2.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 29,898 shares of the real estate investment trust’s stock valued at $592,000 after purchasing an additional 705 shares in the last quarter. Institutional investors and hedge funds own 96.26% of the company’s stock.
Easterly Government Properties (DEA) opened at 19.98 on Tuesday. The company’s 50-day moving average price is $20.39 and its 200-day moving average price is $20.28. Easterly Government Properties has a 52 week low of $17.94 and a 52 week high of $21.81. The company has a market capitalization of $764.97 million, a P/E ratio of 199.80 and a beta of 0.57.
Easterly Government Properties (NYSE:DEA) last posted its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.29). The company had revenue of $30.60 million for the quarter, compared to the consensus estimate of $30.61 million. Easterly Government Properties had a return on equity of 0.58% and a net margin of 3.40%. Easterly Government Properties’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 EPS. On average, equities analysts forecast that Easterly Government Properties will post $0.13 EPS for the current fiscal year.
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About Easterly Government Properties
Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).
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