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

Easterly Government Properties, Inc. (NYSE:DEA) has been given a consensus recommendation of “Hold” by the four analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $23.1125.

Several research firms have recently issued reports on DEA. Weiss Ratings upgraded shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Wall Street Zen cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd.

Easterly Government Properties Trading Up 0.8%

NYSE DEA opened at $25.30 on Friday. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.26. The business has a fifty day simple moving average of $24.35 and a 200 day simple moving average of $23.41. Easterly Government Properties has a 12 month low of $20.56 and a 12 month high of $25.96. The firm has a market capitalization of $1.18 billion, a P/E ratio of 105.42 and a beta of 0.97.

Hedge Funds Weigh In On Easterly Government Properties

Several institutional investors have recently modified their holdings of DEA. Tudor Investment Corp ET AL purchased a new stake in shares of Easterly Government Properties during the third quarter valued at approximately $1,308,000. Vanguard Group Inc. grew its stake in Easterly Government Properties by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 4,831,169 shares of the real estate investment trust’s stock valued at $102,372,000 after purchasing an additional 167,092 shares during the period. Kestra Private Wealth Services LLC purchased a new stake in shares of Easterly Government Properties during the 1st quarter valued at $874,000. Pacer Advisors Inc. purchased a new stake in shares of Easterly Government Properties during the 4th quarter valued at $8,409,000. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of Easterly Government Properties during the 4th quarter worth $753,000. 86.51% of the stock is owned by institutional investors.

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.