During the last session, Easterly Government Properties Inc (NYSE:DEA)’s traded shares were 0.9 million, with the beta value of the company hitting 0.70. At the end of the trading day, the stock’s price was $13.37, reflecting an intraday loss of -1.40% or -$0.19. The 52-week high for the DEA share is $14.52, that puts it down -8.6 from that peak though still a striking 22.14% gain since the share price plummeted to a 52-week low of $10.41. The company’s market capitalization is $1.38B, and the average intraday trading volume over the past 10 days was 0.61 million shares, and the average trade volume was 842.45K shares over the past three months.
Easterly Government Properties Inc (DEA) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.00. DEA has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.05.
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Easterly Government Properties Inc (NYSE:DEA) trade information
Easterly Government Properties Inc (DEA) registered a -1.40% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.40% in intraday trading to $13.37, hitting a weekly high. The stock’s 5-day price performance is -2.27%, and it has moved by 0.30% in 30 days. Based on these gigs, the overall price performance for the year is 24.84%. The short interest in Easterly Government Properties Inc (NYSE:DEA) is 2.47 million shares and it means that shorts have 3.1 day(s) to cover.
The consensus price target of analysts on Wall Street is $13.5, which implies an increase of 0.96% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $11 and $15 respectively. As a result, DEA is trading at a discount of -12.19% off the target high and 17.73% off the low.
Easterly Government Properties Inc (DEA) estimates and forecasts
Statistics show that Easterly Government Properties Inc has outperformed its competitors in share price, compared to the industry in which it operates. Easterly Government Properties Inc (DEA) shares have gone up 12.54% during the last six months, with a year-to-date growth rate more than the industry average at 0.88% against -3.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -16.70% this quarter and then jump 50.00% in the quarter after that. In the rating firms’ projections, revenue will increase 5.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 76.7M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 78.04M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 71.03M and 72.62M respectively. In this case, analysts expect current quarter sales to grow by 8.00% and then jump by 7.50% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 18.21%. While earnings are projected to return 0.00% in 2024.
DEA Dividends
Easterly Government Properties Inc is due to release its next quarterly earnings on 2024-Nov-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Easterly Government Properties Inc is 1.06, with the dividend yield indicating at 7.93 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 6.16%.
Easterly Government Properties Inc (NYSE:DEA)’s Major holders
Easterly Government Properties Inc insiders own 6.63% of total outstanding shares while institutional holders control 78.44%, with the float percentage being 84.01%. BLACKROCK INC. is the largest shareholder of the company, while 377.0 institutions own stock in it. As of 2024-06-30, the company held over 18.78 million shares (or 18.4153% of all shares), a total value of $232.34 million in shares.
The next largest institutional holding, with 11.4 million shares, is of VANGUARD GROUP INC’s that is approximately 11.1726% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $140.96 million.
