Easterly Government Properties Receives a Buy from Jefferies

By Ryan Adsit

Jefferies analyst Jonathan Petersen reiterated a Buy rating on Easterly Government Properties (NYSE: DEA) today and set a price target of $23. The company’s shares closed yesterday at $19.52.

According to TipRanks.com, Petersen is a 4-star analyst with an average return of 7.6% and a 64.1% success rate. Petersen covers the Financial sector, focusing on stocks such as Government Properties Income Trust, First Industrial Realty Trust, and Washington Real Estate ate.

Easterly Government Properties has an analyst consensus of Moderate Buy, with a price target consensus of $23.

Based on Easterly Government Properties’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $26.82 million and quarterly net profit of $1.15 million. In comparison, last year the company earned revenue of $20.67 million and had a net profit of $79K.

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DEA in relation to earlier this year. Most recently, in August 2016, James E. Mead, a Director at DEA bought 4,000 shares for a total of $76,700.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Easterly Government Properties, Inc. engages in the acquisition, development, and management of commercial properties that are leased to U.S. Government agencies. The company was founded October 9, 2014 and is headquartered in Washington, DC.