Easterly Government Properties (NYSE:DEA) Downgraded to “Sell” at StockNews.com

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

Easterly Government Properties Price Performance

DEA stock opened at $11.39 on Tuesday. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 59.95 and a beta of 0.67. The company has a quick ratio of 4.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.92. Easterly Government Properties has a 12-month low of $10.27 and a 12-month high of $15.21. The company’s fifty day simple moving average is $11.86 and its 200 day simple moving average is $12.04.

Institutional Investors Weigh In On Easterly Government Properties

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. boosted its stake in Easterly Government Properties by 7.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 63,313 shares of the real estate investment trust’s stock valued at $1,338,000 after acquiring an additional 4,611 shares during the last quarter. US Bancorp DE boosted its stake in Easterly Government Properties by 11.7% in the first quarter. US Bancorp DE now owns 16,447 shares of the real estate investment trust’s stock valued at $347,000 after acquiring an additional 1,721 shares during the last quarter. Cetera Advisor Networks LLC boosted its stake in Easterly Government Properties by 23.6% in the first quarter. Cetera Advisor Networks LLC now owns 19,267 shares of the real estate investment trust’s stock valued at $407,000 after acquiring an additional 3,681 shares during the last quarter. AlphaCrest Capital Management LLC purchased a new position in Easterly Government Properties in the first quarter valued at about $368,000. Finally, Natixis Advisors L.P. boosted its stake in Easterly Government Properties by 6.8% in the first quarter. Natixis Advisors L.P. now owns 64,622 shares of the real estate investment trust’s stock valued at $1,366,000 after acquiring an additional 4,101 shares during the last quarter. 86.51% of the stock is owned by institutional investors.

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.