Easterly Government Properties Inc. (DEA) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

Easterly Government Properties Inc. (NYSE: DEA) stock jumped 2.88% on Thursday to $12.84 against a previous-day closing price of $12.48. With 0.65 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.71 million shares. During the session, the REIT – Office company that operates in wider Real Estate sector, reached to the highest price of $12.89 whereas the lowest price it dropped to was $12.58. The 52-week range on DEA shows that it touched its highest point at $17.90 and its lowest point at $12.27 during that stretch. It currently has a 1-year price target of $14.50. With its current market cap of 1.20 billion, DEA has annualized dividend of $1.06 while the current yield stands at 8.26%. Beta for the stock currently stands at 0.67.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DEA was down-trending over the past week, with a drop of -0.70%, but this was down by -11.39% over a month. Three-month performance dropped to -11.33% while six-month performance fell -8.15%. The stock lost -28.40% in the past year, while it has lost -10.02% so far this year. A look at the trailing 12-month EPS for DEA yields 0.28 with Next year EPS estimates of 0.17. For the next quarter, that number is 0.06. This implies an EPS growth rate of -2.70% for this year and -22.73% for next year.

Float and Shares Shorts:

At present, 93.36 million DEA shares are outstanding with a float of 93.05 million shares on hand for trading. On Aug 30, 2023, short shares totaled 5.51 million, which was 5.90% higher than short shares on Jul 30, 2023. In addition to Mr. Darrell William Crate as the firm’s Exec. Chairman, Mr. William C. Trimble III serves as its Pres, CEO & Director.

Institutional Ownership:

Through their ownership of 90.69% of DEA’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 53.89% of DEA, in contrast to 32.40% held by mutual funds. Shares owned by individuals account for 0.51%. As the largest shareholder in DEA with 16.25% of the stake, BlackRock Fund Advisors holds 15,179,308 shares worth 15,179,308. A second-largest stockholder of DEA, The Vanguard Group, Inc., holds 10,482,273 shares, controlling over 11.22% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in DEA, holding 5,943,747 shares or 6.36% stake. With a 6.73% stake in DEA, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 6,284,213 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 4.15% of DEA stock, is the second-largest Mutual Fund holder. It holds 3,877,384 shares valued at 57.23 million. Vanguard Total Stock Market ETF holds 3.03% of the stake in DEA, owning 2,831,534 shares worth 41.79 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, DEA reported revenue of $72.76M and operating income of $19.05M. The EBITDA in the recently reported quarter was $44.21M and diluted EPS was $0.08.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DEA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DEA analysts setting a high price target of $17.00 and a low target of $13.00, the average target price over the next 12 months is $14.17. Based on these targets, DEA could surge 32.4% to reach the target high and rise by 1.25% to reach the target low. Reaching the average price target will result in a growth of 10.36% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded DEA stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 4 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 25,800 while 0 shares were sold.

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