Easterly Government Properties, Inc. (NYSE:DEA) Receives Average Recommendation of “Hold” from Brokerages

Easterly Government Properties, Inc. (NYSE:DEAGet Rating) has been given an average recommendation of “Hold” by the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $17.25.

Several equities research analysts have recently issued reports on the company. TheStreet lowered Easterly Government Properties from a “b-” rating to a “c+” rating in a report on Thursday, September 22nd. BMO Capital Markets lowered Easterly Government Properties from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $18.00 to $14.00 in a research note on Friday, December 16th. Compass Point lowered Easterly Government Properties from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a research note on Thursday, November 3rd. Citigroup downgraded Easterly Government Properties from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $18.00 to $15.50 in a research report on Wednesday, December 14th. Finally, StockNews.com started coverage on Easterly Government Properties in a report on Wednesday, October 12th. They issued a “sell” rating for the company.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC bought a new position in Easterly Government Properties in the 1st quarter worth about $39,000. First Community Trust NA lifted its holdings in Easterly Government Properties by 68.2% in the 4th quarter. First Community Trust NA now owns 2,836 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 1,150 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Easterly Government Properties by 46.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,200 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 700 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Easterly Government Properties by 166.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,229 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 1,392 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in Easterly Government Properties by 52.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,083 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 1,408 shares in the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Easterly Government Properties Price Performance

NYSE:DEA opened at $15.54 on Friday. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.97. Easterly Government Properties has a 52-week low of $13.49 and a 52-week high of $22.04. The firm has a market cap of $1.41 billion, a P/E ratio of 62.16 and a beta of 0.60. The business’s 50-day moving average price is $15.13 and its 200 day moving average price is $16.84.

Easterly Government Properties Announces Dividend

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

About Easterly Government Properties

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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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