Easterly Government Properties (NYSE:DEA) Raised to “Hold” at StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of Easterly Government Properties (NYSE:DEA – Free Report) from a sell rating to a hold rating in a report published on Tuesday.

Several other research analysts have also commented on DEA. Truist Financial cut their price target on Easterly Government Properties from $16.00 to $14.00 and set a hold rating on the stock in a research report on Thursday, September 14th. Royal Bank of Canada cut shares of Easterly Government Properties from a sector perform rating to an underperform rating and cut their target price for the company from $15.00 to $13.00 in a report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Easterly Government Properties presently has a consensus rating of Hold and an average target price of $14.70.

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Easterly Government Properties Stock Performance

Shares of DEA stock opened at $11.67 on Tuesday. The stock’s 50-day moving average is $11.25 and its two-hundred day moving average is $13.06. The company has a debt-to-equity ratio of 0.85, a quick ratio of 5.00 and a current ratio of 5.00. Easterly Government Properties has a 1 year low of $10.27 and a 1 year high of $16.79. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 35.35 and a beta of 0.71.

Easterly Government Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Thursday, November 9th were issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 9.09%. The ex-dividend date was Wednesday, November 8th. Easterly Government Properties’s dividend payout ratio is presently 321.21%.

Hedge Funds Weigh In On Easterly Government Properties

A number of large investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in Easterly Government Properties by 3.0% during the second quarter. BlackRock Inc. now owns 17,482,804 shares of the real estate investment trust’s stock worth $253,501,000 after purchasing an additional 508,729 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Easterly Government Properties by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 10,646,010 shares of the real estate investment trust’s stock valued at $167,888,000 after buying an additional 247,551 shares during the period. State Street Corp boosted its stake in shares of Easterly Government Properties by 1.3% in the second quarter. State Street Corp now owns 5,943,747 shares of the real estate investment trust’s stock valued at $86,184,000 after buying an additional 78,575 shares in the last quarter. GW&K Investment Management LLC boosted its stake in shares of Easterly Government Properties by 3.0% in the first quarter. GW&K Investment Management LLC now owns 2,122,036 shares of the real estate investment trust’s stock valued at $29,157,000 after buying an additional 61,419 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Easterly Government Properties by 5.0% in the second quarter. Geode Capital Management LLC now owns 2,060,156 shares of the real estate investment trust’s stock worth $29,872,000 after acquiring an additional 97,570 shares in the last quarter. Hedge funds and other institutional investors own 84.68% of the company’s stock.

Easterly Government Properties Company Profile

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Easterly Government Properties, Inc (NYSE: DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.

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