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

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

A number of other analysts also recently weighed in on DEA. 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. BMO Capital Markets downgraded Easterly Government Properties from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $18.00 to $14.00 in a report on Friday, December 16th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.25.

Easterly Government Properties Trading Up 0.1 %

NYSE DEA opened at $13.98 on Thursday. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 39.94 and a beta of 0.64. Easterly Government Properties has a one year low of $13.49 and a one year high of $21.46. 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 business’s fifty day moving average is $15.50 and its 200-day moving average is $15.83.

Institutional Investors Weigh In On Easterly Government Properties

A number of institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. raised its holdings in Easterly Government Properties by 37.6% in the 2nd quarter. Federated Hermes Inc. now owns 2,629,811 shares of the real estate investment trust’s stock valued at $50,071,000 after acquiring an additional 718,881 shares during the last quarter. State Street Corp raised its holdings in Easterly Government Properties by 12.7% in the 1st quarter. State Street Corp now owns 5,465,836 shares of the real estate investment trust’s stock valued at $115,548,000 after acquiring an additional 614,888 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Easterly Government Properties by 208.3% in the 3rd quarter. Alliancebernstein L.P. now owns 461,631 shares of the real estate investment trust’s stock valued at $7,280,000 after acquiring an additional 311,911 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Easterly Government Properties by 28.4% in the 3rd quarter. Victory Capital Management Inc. now owns 1,372,975 shares of the real estate investment trust’s stock valued at $21,652,000 after acquiring an additional 303,315 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Easterly Government Properties by 23.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,426,552 shares of the real estate investment trust’s stock valued at $22,497,000 after buying an additional 266,769 shares during the period. Hedge funds and other institutional investors own 86.38% of the company’s stock.

About Easterly Government Properties

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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.