The equity strategists at Royal Bank of Canada reduced their target price for Easterly Government Properties (NYSE: DEA) from $21.00 to $20.00 in a research note published on Monday. Benzinga has been cited as the source of this information. The brokerage firm has provided the underlying shares of the real estate investment trust with the rating of “sector perform,” which is the firm’s current recommendation.
According to the price goal of Royal Bank of Canada gavenada, the stock’s price can climb by 9.11% from where it is currently sitting. In addition, DEA has received significant attention in a wide range of other scholarly publications. In a research report published on Thursday, June 30th, Truist Financial lowered its price objective for Easterly Government Properties and gave the company’s stock a “hold” rating in a research report. The report was about the company’s stock. In a research note disseminated on August 9th, Compass Point announced that they had reduced their price objective on shares of Easterly Government Properties to $25.00. This information was included in the note that the company gave. In a research report published on Thursday, June 30th, Jefferies Financial Group decreased its target price for Easterly Government Properties from $21.00 to $20.00.
It downgraded the company from a “hold” rating to a “sell” rating in a research report.
Last but not least, on Saturday, August 13th, Bloomberg changed their recommendation on Easterly Government Properties from “sell” to “hold,” even though they had previously recommended selling the stock. Six equity research analysts have given the stock a rating of “hold,” while one of the experts has advocated buying the stock’s shares. According to Bloomberg, the company is presently classified as a “Hold,” and the price objective determined by most analysts for the stock is $22.00. On Monday, the price of a share of DEA stock was set at $18.33 when trading began. During the previous year, the price of Easterly Government Properties fluctuated between $18.01 and $23.65 at various points, reaching a low of $18.01 and a high of $23.65.
The firm has a price-to-earnings ratio of 55.55, and its beta value is 0.52; the price of a share of the company’s stock has ranged between $19.17 and $19.76 over the most recent 50 and 200 trading days, respectively. The market capitalization of the company is $1.66 billion. All three ratios, including the current, quick, and debt-to-equity ratios, come out to 0.93 when calculated. In addition, 4.58 is the value of the quick ratio.
Several institutional investors, including hedge funds and other forms of investors, have adjusted their positions in the company in response to recent events. In the fourth quarter, UMB Bank, National Association of Missouri, made a new investment in Easterly Government Properties for a total cost of approximately $31,000. This transaction was made during the quarter to broaden the scope of the holdings in the portfolio that Harel Insurance Investments & Financial Services Ltd. has; the company made an investment of approximately $32,000 in Easterly Government Properties during the first three months of the year.
In addition, Lazard Asset Management LLC provided Easterly Government Properties with fresh investment for $39,000 during the year’s first three months. The proportion of Eastern government properties in which Quadrant Capital Group LLC has invested climbed by 166.3% during the year’s second quarter. As a direct result of the further purchase of 1,392 shares, Quadrant Capital Group LLC now owns a total of 2,229 shares of the real estate investment trust, each of which has a value of $42,000. This value was determined after considering the price paid for the shares.
Last but not least, during the final quarter of 2018, Mitsubishi UFJ Trust & Banking Corporation had a 429.7% increase in the proportion of its portfolio that consisted of government-owned assets.
After making an additional 1,706 share purchases during that period, Mitsubishi UFJ Trust & Banking Corporation now holds a total of 2,103 shares of the real estate investment trust. The value of these shares comes to a sum of $48,000. According to the most recent data, institutional investors and hedge funds hold 85.46 percent of the company’s stock. The primary mission of Easterly Government Properties, Inc. (NYSE: DEA), which has its headquarters in Washington, DC, is to acquire, develop, and maintain Class A commercial buildings that are leased to the United States government. Easterly has put together a team of experienced managers who know a lot about the mission-critical needs and strategies for the United States.
