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Wednesday, December 6, 2023

Is Easterly Government Properties Inc (NYSE: DEA) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Easterly Government Properties Inc (DEA) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.20, or 1.71%, to $11.92. The Easterly Government Properties Inc has recorded 33,845 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Easterly Government Properties Reports Third Quarter 2023 Results.

Stocks Info

DEA belongs to the Real Estate sector of the NYSE while operating in the REIT – Office industry. At the end of the last regular session, the stock closed at $11.72 and fluctuated between $11.91 as its day high and $11.60 as its day low. The current market capitalization of Easterly Government Properties Inc is $1.12B. A total of 1.05 million shares were traded on the day, compared to an average of 913.76K shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, DEA has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 4 BUYs and 0 SELLs from insiders. Insiders purchased 25,800 shares during that period but sold 0.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Easterly Government Properties Inc pays an annual dividend of $1.06, resulting in a dividend yield of 9.04%, and it has a price to earnings (P/E) ratio of 35.86. DEA’s most recent ex-dividend date was 11/8/2023 when it declared a $0.2650 quarterly dividend that was paid in cash on 11/21/2023. Previously, the company paid the dividend on 8/29/2023 with an ex-dividend date of 8/16/2023. The DEA stock dividend was $0.2650 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for DEA in the last 3 months, the mean price target is $13.75 with high estimates of $17.00 and low estimates of $11.50. In terms of 52-week highs and lows, DEA has a high of $16.79 and a low of $10.27.

As of this writing, DEA has an earnings estimate of $Deere & Company per share for the current quarter. EPS was calculated based on a consensus of Ginkgo Bioworks Holdings, Inc. estimates, with a high estimate of $Electronic Arts Inc. per share and a lower estimate of $SPDR Dow Jones Industrial Avera.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. DEA’s latest balance sheet shows that the firm has $11.13M in Cash & Short Term Investments as of fiscal 2021. There were $1.21B in debt and $162.52M in liabilities at the time. Its Book Value Per Share was $13.36, while its Total Shareholder’s Equity was $1.44B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DEA is Buy with a score of 2.71.

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