Easterly Government Properties (NYSE:DEA) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Easterly Government Properties (NYSE:DEA – Get Rating) in a research note issued on Thursday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

DEA has been the subject of a number of other research reports. Citigroup cut shares of Easterly Government Properties from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $18.00 to $15.50 in a report on Wednesday, December 14th. BMO Capital Markets cut shares of Easterly Government Properties from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $18.00 to $14.00 in a report on Friday, December 16th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.25.

Easterly Government Properties Stock Up 0.1 %

Shares of NYSE:DEA opened at $13.98 on Thursday. Easterly Government Properties has a one year low of $13.49 and a one year high of $21.46. The company has a 50 day moving average of $15.50 and a 200-day moving average of $15.83. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.16 and a quick ratio of 5.16. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 39.94 and a beta of 0.64.

Institutional Trading of Easterly Government Properties

A number of institutional investors have recently made changes to their positions in DEA. Vanguard Group Inc. raised its position in Easterly Government Properties by 2.4% during the third quarter. Vanguard Group Inc. now owns 10,646,010 shares of the real estate investment trust’s stock worth $167,888,000 after acquiring an additional 247,551 shares in the last quarter. State Street Corp raised its position in Easterly Government Properties by 0.6% during the third quarter. State Street Corp now owns 5,702,647 shares of the real estate investment trust’s stock worth $89,931,000 after acquiring an additional 33,501 shares in the last quarter. Federated Hermes Inc. raised its position in Easterly Government Properties by 5.4% during the third quarter. Federated Hermes Inc. now owns 2,771,749 shares of the real estate investment trust’s stock worth $43,710,000 after acquiring an additional 141,938 shares in the last quarter. Geode Capital Management LLC raised its position in Easterly Government Properties by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 1,895,297 shares of the real estate investment trust’s stock worth $27,045,000 after acquiring an additional 74,739 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Easterly Government Properties by 18.6% in the fourth quarter. American Century Companies Inc. now owns 1,692,391 shares of the real estate investment trust’s stock valued at $24,150,000 after purchasing an additional 265,769 shares during the last quarter. Institutional investors own 86.38% of the company’s stock.

Easterly Government Properties Company Profile

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Easterly Government Properties, Inc operates as a real estate investment trust. 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.