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

Shares of Easterly Government Properties, Inc. (NYSE:DEA) have earned an average recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $24.9917.

Several research analysts recently issued reports on DEA shares. New Street Research set a $20.00 price target on shares of Easterly Government Properties in a research note on Monday, October 13th. Truist Financial decreased their target price on shares of Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Monday, November 24th. Wall Street Zen raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings downgraded Easterly Government Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 15th. Finally, Compass Point set a $26.45 price objective on Easterly Government Properties and gave the company a “buy” rating in a research note on Wednesday, October 15th.

Hedge Funds Weigh In On Easterly Government Properties

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Easterly Government Properties by 215.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 772 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Easterly Government Properties by 318.2% during the third quarter. Parallel Advisors LLC now owns 1,334 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,015 shares during the last quarter. Allworth Financial LP increased its position in shares of Easterly Government Properties by 223.9% during the second quarter. Allworth Financial LP now owns 1,778 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 1,229 shares in the last quarter. US Bancorp DE raised its holdings in Easterly Government Properties by 237.9% in the 3rd quarter. US Bancorp DE now owns 1,757 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 1,237 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in Easterly Government Properties in the 3rd quarter worth approximately $69,000. Institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Price Performance

Shares of DEA stock opened at $23.40 on Friday. The business’s fifty day moving average is $22.10 and its 200 day moving average is $22.23. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 1.18. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 76.72 and a beta of 0.96. Easterly Government Properties has a twelve month low of $19.33 and a twelve month high of $29.49.

About Easterly Government Properties

Easterly Government Properties, Inc is a real estate investment trust that specializes in the acquisition, development and management of commercial properties leased to U.S. government agencies. Structured as a triple-net lease REIT, the company focuses on single-tenant assets with long-term, credit-backed leases that transfer most property-level responsibilities—including taxes, insurance and maintenance—to its government tenants.

The firm’s portfolio encompasses a variety of facility types, including office buildings, training centers, laboratories and mission-critical installations used by federal agencies.