Easterly Government Properties (NYSE:DEA) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Easterly Government Properties (NYSE:DEA) from a sell rating to a hold rating in a research note issued to investors on Thursday.

Separately, Truist Financial upped their price target on shares of Easterly Government Properties from $13.00 to $14.00 and gave the company a hold rating in a research note on Thursday, August 29th.

Easterly Government Properties Trading Up 0.8 %

Shares of Easterly Government Properties stock opened at $13.27 on Thursday. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 1.02. Easterly Government Properties has a 12-month low of $10.27 and a 12-month high of $14.36. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 66.35 and a beta of 0.72. The firm’s 50 day simple moving average is $13.42 and its two-hundred day simple moving average is $12.64.

Easterly Government Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Thursday, August 1st were paid a $0.265 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 7.99%. Easterly Government Properties’s payout ratio is currently 530.00%.

Institutional Trading of Easterly Government Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in DEA. GAMMA Investing LLC increased its stake in shares of Easterly Government Properties by 56.6% in the second quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,086 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Easterly Government Properties in the first quarter worth $89,000. Sunbelt Securities Inc. increased its stake in shares of Easterly Government Properties by 365.1% in the first quarter. Sunbelt Securities Inc. now owns 10,000 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 7,850 shares during the period. National Bank of Canada FI acquired a new stake in shares of Easterly Government Properties in the second quarter worth $115,000. Finally, Signaturefd LLC increased its stake in shares of Easterly Government Properties by 34.6% in the second quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 2,563 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Easterly Government Properties Company Profile

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.