As of Friday close, Easterly Government Properties Inc.’s (NYSE:DEA) stock was up $0.1, moving up 0.75 percent to $13.52. The average number of shares traded per day over the past five days has been 1,043,480 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.39 fall in that time frame. In the last twenty days, the average volume was 814,290, while in the previous 50 days, it was 738,362.
Since last month, DEA stock retreated -7.27%. Shares of the company fell to $13.31 on 08/18/23, the lowest level in the past month. A 52-week high of $19.20 was reached on 02/02/23 after having rallying from a 52-week low of $12.27. Since the beginning of this year, DEA’s stock price has dropped by -5.26% or -$0.75, and marked a new high 12 times. However, the stock has declined by -29.59% since its 52-week high.
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Valuation Metrics
Right now, Easterly Government Properties Inc. (DEA) has a P/E ratio of about 44.92. The stock’s beta is 0.67. Besides these, the trailing price-to-sales (P/S) ratio of 4.34, the price-to-book (PB) ratio of 0.97, and the price-to-cash flow ratio of 13.94 may also be considered.
The latest dividend of $0.2650 per share was paid out, remained unchanged from last year’s $0.2650. On Wednesday July 28 2021, a $0.0050 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.96, and the total debt-to-equity ratio was 0.96. On the profitability front, the trailing twelve-month gross margin is 65.90% percent. In the year ended June 29, operating margins totaled 22.60%. Based on annual data, DEA earned $71.52 million in gross profit and brought in $293.61 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.60%. Return on equity (ROE) for the past 12 months was 2.50%.
In Easterly Government Properties Inc.’s quarter-end financial report for June 29, it reported total debt of $249.18 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DEA’s revenue fell -1.95% to $71.22 million during the quarter, while net income inched up to $71.37 million. While analysts expected Easterly Government Properties Inc. to report $0.06 quarterly earnings, the actual figure was $0.05 per share, beating the consensus estimate by -16.70%. During the quarter, the company generated $36.82 million in EBITDA. The value of shareholders’ equity is $93.42 million.
Technical Picture
This quick technical analysis looks at Easterly Government Properties Inc.’s (DEA) price momentum. With a historical volatility rate of 36.47%, the RSI 9-day stood at 25.24% on 18 August.
With respect to its five-day moving average, the current Easterly Government Properties Inc. price is down by -9.32% percent or -$1.39. At present, DEA shares trade -6.89% below its 20-day simple moving average and +6.79% percent above its 100-day simple moving average. However, the stock is currently trading approximately -8.96% below its SMA50 and -22.25% below its SMA200.
Stochastic coefficient K was 5.36% and Stochastic coefficient D was 15.62%, while ATR was 0.34. Given the Stochastic reading of 11.05% for the 14-day period, the RSI (14) reading has been calculated as 32.16%. As of today, the MACD Oscillator reading stands at -0.91, while the 14-day reading stands at -0.96.
Analyst Ratings
Easterly Government Properties Inc. downgraded its rating on Easterly Government Properties Inc. (NYSE: DEA) to an Underperform in a note to investors on August 16, 2023. The analysts firm previously had a Sector perform rating on the stock.Easterly Government Properties Inc. (DEA) has been rated Hold by analysts. According to 2 brokerage firms, DEA is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Easterly Government Properties Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $14.00, the current consensus forecast for the stock is $13.00 – $17.00. Based on these forecasts, analysts predict Easterly Government Properties Inc. (DEA) will achieve an average price target of $14.50.
