Easterly Government Properties Inc (DEA) was Initiated by SunTrust to “Buy” and the brokerage firm has set the Price Target at $21. SunTrust advised their investors in a research report released on Oct 19, 2016.
Many Wall Street Analysts have commented on Easterly Government Properties Inc. Jefferies Initiated Easterly Government Properties Inc on Oct 5, 2016 to “Buy”, Price Target of the shares are set at $22.
On the company’s financial health, Easterly Government Properties Inc reported $0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $0.31. The company had revenue of $24.92 million for the quarter, compared to analysts expectations of $23.53 million. The company’s revenue was up 29.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.
Easterly Government Properties Inc closed down -0.05 points or -0.27% at $18.79 with 1,84,272 shares getting traded on Friday. Post opening the session at $18.94, the shares hit an intraday low of $18.77 and an intraday high of $19.12 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Aug 18, 2016, James E Mead (director) purchased 4,000 shares at $19.17 per share price. According to the SEC, on Aug 17, 2016, Cynthia A Fisher (director) purchased 1,000 shares at $19.66 per share price. On May 13, 2016, William C. Trimble (CEO) purchased 1,000 shares at $18.81 per share price, according to the Form-4 filing with the securities and exchange commission.
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. The Company wholly owns approximately 29 properties in the United States including 26 properties that are leased primarily to the United States Government tenant agencies and three properties that are entirely leased to private tenants encompassing approximately 2.1 million square feet in the aggregate. It focuses on acquiring developing and managing the United States General Services Administration (GSA)-leased properties that are essential to supporting the mission of the tenant agency and strive to be a partner of choice for the United States Government working closely with the GSA to meet the needs and objectives of the tenant agency.