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

Easterly Government Properties, Inc. (NYSE:DEAGet Rating) has earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $21.80.

A number of research analysts have recently issued reports on the company. Truist Financial reduced their price objective on Easterly Government Properties from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday. Compass Point reduced their price objective on Easterly Government Properties to $25.00 in a research note on Tuesday, August 9th. Royal Bank of Canada cut their target price on Easterly Government Properties from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Monday, August 29th. StockNews.com cut Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, September 7th. Finally, Jefferies Financial Group cut their target price on Easterly Government Properties from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Thursday, June 30th.

Institutional Trading of Easterly Government Properties

Institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its holdings in Easterly Government Properties by 1.6% in the first quarter. Victory Capital Management Inc. now owns 1,082,139 shares of the real estate investment trust’s stock worth $22,832,000 after buying an additional 17,453 shares during the period. Profund Advisors LLC lifted its holdings in shares of Easterly Government Properties by 24.1% during the first quarter. Profund Advisors LLC now owns 11,963 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 2,325 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Easterly Government Properties by 74.4% during the first quarter. Russell Investments Group Ltd. now owns 154,665 shares of the real estate investment trust’s stock valued at $3,268,000 after purchasing an additional 65,962 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Easterly Government Properties by 2.6% during the first quarter. Swiss National Bank now owns 203,710 shares of the real estate investment trust’s stock valued at $4,306,000 after purchasing an additional 5,100 shares during the last quarter. Finally, Pictet Asset Management SA lifted its holdings in shares of Easterly Government Properties by 4.2% during the fourth quarter. Pictet Asset Management SA now owns 33,021 shares of the real estate investment trust’s stock valued at $757,000 after purchasing an additional 1,333 shares during the last quarter. 85.46% of the stock is currently owned by hedge funds and other institutional investors.

Easterly Government Properties Stock Up 1.3 %

Shares of NYSE:DEA opened at $17.90 on Friday. The stock’s 50-day moving average price is $18.83 and its 200-day moving average price is $19.51. Easterly Government Properties has a 12-month low of $17.48 and a 12-month high of $23.65. The stock has a market capitalization of $1.63 billion, a P/E ratio of 54.24 and a beta of 0.54. The company has a current ratio of 4.58, a quick ratio of 4.58 and a debt-to-equity ratio of 0.93.

Easterly Government Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 23rd. Shareholders of record on Thursday, August 11th were issued a $0.265 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $1.06 annualized dividend and a yield of 5.92%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 321.22%.

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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