Easterly Government Properties Closes at $14.07 with a 0.93% Increase
April 22, 2023
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Easterly Government Properties ($NYSE:DEA) Inc. (EGP) finished the day with a closing price of $14.07, representing a 0.93% increase from the previous close of $13.94. This marks a positive day for the company, which operates as a real estate investment trust that focuses on acquiring, developing, and managing government real estate properties in the United States. EGP is headquartered in Washington, D.C., and is listed on the New York Stock Exchange under the symbol EGP. The company seeks to provide conservative, long-term returns for its shareholders through investments in government real estate.
Stock Price
Wednesday proved to be a good day for EASTERLY GOVERNMENT PROPERTIES, whose stock opened at $13.9 and closed at $14.1, a 0.93% increase from the previous close of $14.0. This followed a strong earnings announcement and news that the company had received approval for new projects. The closing price was the highest for the stock in several weeks, and investors responded positively to the news.
Despite the surge in share prices, the company’s stock remains well below its all-time high from last year. With the new projects in the works and continued optimism in the market, however, EASTERLY GOVERNMENT PROPERTIES is well positioned for future growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for DEA. More…
| Total Revenues | Net Income | Net Margin |
| 293.61 | 30.93 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for DEA. More…
| Operations | Investing | Financing |
| 125.94 | -69.1 | -59.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for DEA. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.83k | 1.42k | 13.71 |
Key Ratios Snapshot
Some of the financial key ratios for DEA are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 24.8% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale performed an analysis of the fundamentals of EASTERLY GOVERNMENT PROPERTIES. According to our Star Chart, EASTERLY GOVERNMENT PROPERTIES is strong in asset, dividend, growth, and medium in profitability. We classify it as a ‘cow’, which is a type of company that has the track record of paying out consistent and sustainable dividends. It is likely to be appealing to income investors who are looking for something with a secure yield. The company also has an intermediate health score of 6/10 considering its cashflows and debt, indicating that it might be able to safely ride out any crisis without the risk of bankruptcy. More…
Peers
Government Properties Income Trust is a real estate investment trust that owns and operates U.S. federal, state, and local government facilities. The company was founded in 2009 and is headquartered in Boston, Massachusetts. As of December 31, 2016, the company owned 148 properties in 33 states and Washington, D.C.
– Seritage Growth Properties ($NYSE:SRG)
Heritage Growth Properties is a publicly traded real estate investment trust that owns, operates, and develops high-quality, well-occupied office properties in the United States. The company’s portfolio consists of 79 office properties located in 27 states.
– Medalist Diversified REIT Inc ($NASDAQ:MDRR)
Diversified REIT Inc is a real estate investment trust that owns, operates, and develops a portfolio of properties in the United States. The company’s portfolio includes office, retail, industrial, and multifamily properties. As of December 31, 2020, it owned and operated 703 properties with a total of 102.4 million square feet of space.
– Deutsche Konsum REIT-AG ($LTS:0RDE)
Deutsche Konsum REIT-AG is a Germany-based company that focuses on the retail sector. The company invests in shopping centers and retail parks. As of December 31, 2020, the company’s portfolio consisted of 97 properties with a total value of approximately EUR 3.6 billion.
Summary
Easterly Government Properties Inc. is a real estate investment trust that focuses on the acquisition, development and management of U.S. government leased properties. Recent market activity for the company has been positive, with its closing price for the day of $14.07, up 0.93% from the prior day. Investors are encouraged to conduct their own analysis of the company including tracking factors such as share price, dividend yield, and the performance of the commercial real estate industry to make informed investing decisions. As with all investments, careful study of the company’s financial statements and other data is recommended prior to any purchase of shares in Easterly Government Properties Inc.
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