Raymond James Thinks Easterly Government Properties’ Stock is Going to Recover

In a report released today, William Crow from Raymond James maintained a Buy rating on Easterly Government Properties (DEAResearch Report). The company’s shares closed last Tuesday at $21.39, close to its 52-week low of $20.32.

According to TipRanks.com, Crow is a 4-star analyst with an average return of 13.5% and a 69.6% success rate. Crow covers the Financial sector, focusing on stocks such as Washington Real Estate Investment, Corporate Office Properties, and Armada Hoffler Properties.

Currently, the analyst consensus on Easterly Government Properties is a Strong Buy with an average price target of $25.33, representing a 16.7% upside. In a report released yesterday, Citigroup also initiated coverage with a Buy rating on the stock with a $26.00 price target.

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The company has a one-year high of $26.88 and a one-year low of $20.32. Currently, Easterly Government Properties has an average volume of 694.8K.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DEA in relation to earlier this year. Most recently, in March 2021, William Trimble, the President & CEO of DEA sold 40,000 shares for a total of $853,200.

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. operates as a real estate investment trust, which engages in the acquisition, development, and management of commercial properties that are leased to U.S. Government agencies. The company was founded on October 10, 2014 and is headquartered in Washington, DC.