Easterly Government Properties (NYSE:DEA) Stock Rating Upgraded by StockNews.com

Easterly Government Properties (NYSE:DEA) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Other research analysts have also recently issued research reports about the stock. Truist Financial decreased their target price on shares of Easterly Government Properties from $16.00 to $14.00 and set a “hold” rating for the company in a research report on Thursday, September 14th. Royal Bank of Canada cut shares of Easterly Government Properties from a “sector perform” rating to an “underperform” rating and decreased their target price for the stock from $15.00 to $13.00 in a research report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Easterly Government Properties currently has a consensus rating of “Hold” and a consensus target price of $14.70.

Easterly Government Properties Trading Up 1.3 %

Shares of NYSE:DEA opened at $11.61 on Friday. The company has a quick ratio of 5.00, a current ratio of 5.00 and a debt-to-equity ratio of 0.85. The company’s 50-day moving average price is $11.45 and its 200 day moving average price is $13.21. The company has a market cap of $1.11 billion, a PE ratio of 35.18 and a beta of 0.71. Easterly Government Properties has a fifty-two week low of $10.27 and a fifty-two week high of $16.79.

Institutional Trading of Easterly Government Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC purchased a new stake in shares of Easterly Government Properties in the 1st quarter valued at approximately $39,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Easterly Government Properties by 9,775.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,975 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,955 shares in the last quarter. Point72 Middle East FZE purchased a new stake in shares of Easterly Government Properties in the 4th quarter valued at approximately $30,000. Sunbelt Securities Inc. purchased a new stake in shares of Easterly Government Properties in the 1st quarter valued at approximately $29,000. Finally, Global Retirement Partners LLC lifted its position in shares of Easterly Government Properties by 54.3% in the 1st quarter. Global Retirement Partners LLC now owns 2,386 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 840 shares in the last quarter. 84.68% of the stock is owned by institutional investors and hedge funds.

About Easterly Government Properties

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.