Easterly Government Properties, Inc. (NYSE:DEA) Given Average Rating of “Hold” by Analysts

Shares of Easterly Government Properties, Inc. (NYSE:DEAGet Rating) have been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $17.25.

A number of equities analysts have commented on DEA shares. Citigroup lowered Easterly Government Properties from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $18.00 to $15.50 in a research note on Wednesday, December 14th. Royal Bank of Canada lowered their price target on Easterly Government Properties from $20.00 to $17.00 and set a “sector perform” rating for the company in a report on Wednesday, October 19th. BMO Capital Markets downgraded Easterly Government Properties from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $18.00 to $14.00 in a report on Friday, December 16th. StockNews.com began coverage on Easterly Government Properties in a research report on Wednesday, October 12th. They set a “sell” rating for the company. Finally, Compass Point cut Easterly Government Properties from a “buy” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research report on Thursday, November 3rd.

Easterly Government Properties Stock Performance

DEA opened at $15.54 on Friday. The stock’s 50 day simple moving average is $15.13 and its 200-day simple moving average is $16.84. The company has a current ratio of 4.15, a quick ratio of 4.15 and a debt-to-equity ratio of 0.97. The stock has a market cap of $1.41 billion, a PE ratio of 62.16 and a beta of 0.60. Easterly Government Properties has a 1 year low of $13.49 and a 1 year high of $22.04.

Easterly Government Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Friday, November 11th were given a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 6.82%. The ex-dividend date was Wednesday, November 9th. Easterly Government Properties’s dividend payout ratio (DPR) is presently 424.02%.

Institutional Trading of Easterly Government Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new position in Easterly Government Properties in the first quarter valued at approximately $39,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Easterly Government Properties by 46.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,200 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 700 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Easterly Government Properties by 166.3% in the second quarter. Quadrant Capital Group LLC now owns 2,229 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 1,392 shares during the period. First Community Trust NA increased its holdings in shares of Easterly Government Properties by 68.2% in the fourth quarter. First Community Trust NA now owns 2,836 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,150 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Easterly Government Properties by 52.6% in the third quarter. Tower Research Capital LLC TRC now owns 4,083 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 1,408 shares during the period. 86.38% of the stock is owned by institutional investors.

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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Analyst Recommendations for Easterly Government Properties (NYSE:DEA)

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