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 %
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.
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