Easterly Government Properties (NYSE:DEA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Easterly Government Properties, Inc. is focused primarily on the acquisition, development and management of commercial properties leased to U.S. Government agencies through the U.S. General Services Administration. Easterly Government Properties, Inc. is based in Washington, District of Columbia. “

A number of other research analysts have also recently issued reports on the stock. Jefferies Group reaffirmed a “buy” rating and issued a $24.00 price target on shares of Easterly Government Properties in a report on Tuesday, October 10th. BidaskClub cut shares of Easterly Government Properties from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th.

Easterly Government Properties (NYSE DEA) traded up $0.07 during trading hours on Tuesday, reaching $21.27. 567,800 shares of the company were exchanged, compared to its average volume of 272,332. Easterly Government Properties has a 12 month low of $19.00 and a 12 month high of $21.81. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $920.03 and a PE ratio of 16.96.

Several hedge funds and other institutional investors have recently bought and sold shares of DEA. Advisor Group Inc. raised its holdings in shares of Easterly Government Properties by 30.8% during the second quarter. Advisor Group Inc. now owns 5,625 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 1,326 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Easterly Government Properties by 72.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,582 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 3,609 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Easterly Government Properties by 7.8% during the second quarter. Legal & General Group Plc now owns 8,528 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 619 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Easterly Government Properties during the third quarter worth $209,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Easterly Government Properties during the third quarter worth $229,000. 87.31% of the stock is owned by institutional investors and hedge funds.

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Easterly Government Properties Company Profile

Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).

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