Easterly Government Properties, Inc. (NYSE:DEA) Given Average Rating of “Hold” by Analysts

Easterly Government Properties, Inc. (NYSE:DEA) has been assigned an average rating of “Hold” from the four analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $23.1125.

A number of brokerages have commented on DEA. Wall Street Zen lowered Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings raised Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th.

Institutional Trading of Easterly Government Properties

Several institutional investors have recently made changes to their positions in DEA. EverSource Wealth Advisors LLC raised its holdings in shares of Easterly Government Properties by 215.6% in the second 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 during the last quarter. Parallel Advisors LLC boosted its holdings in 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 worth $31,000 after purchasing an additional 1,015 shares during the last quarter. Colonial Trust Co SC purchased a new position in Easterly Government Properties during the fourth quarter worth about $34,000. US Bancorp DE grew its position 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 purchasing an additional 1,237 shares in the last quarter. Finally, Danske Bank A S bought a new stake in Easterly Government Properties in the 4th quarter worth about $44,000. Institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Price Performance

Shares of NYSE DEA opened at $24.33 on Friday. Easterly Government Properties has a fifty-two week low of $20.56 and a fifty-two week high of $25.96. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 101.36 and a beta of 0.97. The company has a debt-to-equity ratio of 1.26, a quick ratio of 4.01 and a current ratio of 4.01. The firm’s 50-day simple moving average is $24.47 and its 200 day simple moving average is $23.51.

Easterly Government Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Monday, August 10th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Monday, August 10th. Easterly Government Properties’s dividend payout ratio is presently 750.00%.

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.