Easterly Government Properties (NYSE:DEA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm presently has a $24.00 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 14.12% from the stock’s current price.

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 equities analysts also recently weighed in on DEA. Jefferies Group reissued a “buy” rating and issued a $24.00 price target on shares of Easterly Government Properties in a report on Tuesday, October 10th. SunTrust Banks set a $24.00 price target on shares of Easterly Government Properties and gave the stock a “buy” rating in a report on Sunday, December 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $23.13.

Shares of Easterly Government Properties (NYSE DEA) traded down $0.25 during trading hours on Wednesday, hitting $21.03. 308,400 shares of the company were exchanged, compared to its average volume of 929,881. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.70. The stock has a market cap of $922.67 and a P/E ratio of 210.30. Easterly Government Properties has a 52 week low of $19.08 and a 52 week high of $22.32.

A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in Easterly Government Properties by 39.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,262,195 shares of the real estate investment trust’s stock valued at $110,243,000 after acquiring an additional 1,497,776 shares during the period. Neuberger Berman Group LLC raised its stake in Easterly Government Properties by 30.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,125,198 shares of the real estate investment trust’s stock valued at $23,258,000 after acquiring an additional 261,188 shares during the period. Janus Henderson Group PLC bought a new stake in Easterly Government Properties in the 2nd quarter valued at about $22,515,000. State Street Corp raised its stake in Easterly Government Properties by 11.6% in the 2nd quarter. State Street Corp now owns 955,605 shares of the real estate investment trust’s stock valued at $20,019,000 after acquiring an additional 99,546 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Easterly Government Properties by 298.9% in the 2nd quarter. Renaissance Technologies LLC now owns 926,680 shares of the real estate investment trust’s stock valued at $19,414,000 after acquiring an additional 694,374 shares during the period. Institutional investors and hedge funds own 87.22% of the company’s stock.

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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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