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

Easterly Government Properties, Inc. (NYSE:DEA) has received a consensus rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $24.9917.

Several research firms have issued reports on DEA. Weiss Ratings cut shares of Easterly Government Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 15th. Compass Point set a $26.45 price objective on shares of Easterly Government Properties and gave the company a “buy” rating in a research report on Wednesday, October 15th. New Street Research set a $20.00 target price on shares of Easterly Government Properties in a report on Monday, October 13th. Wall Street Zen upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, Truist Financial lowered their price target on Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating on the stock in a report on Monday, November 24th.

Easterly Government Properties Trading Up 1.2%

Shares of NYSE:DEA opened at $23.40 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.47 and a quick ratio of 3.47. Easterly Government Properties has a 1 year low of $19.33 and a 1 year high of $29.49. The company has a market cap of $1.08 billion, a P/E ratio of 76.72 and a beta of 0.96. The stock’s fifty day moving average price is $22.10 and its 200-day moving average price is $22.23.

Institutional Investors Weigh In On Easterly Government Properties

A number of large investors have recently made changes to their positions in DEA. EverSource Wealth Advisors LLC increased its position in shares of Easterly Government Properties by 215.6% during the 2nd 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 grew its position 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 valued at $31,000 after buying an additional 1,015 shares during the period. Allworth Financial LP grew its position in Easterly Government Properties by 223.9% during the second quarter. Allworth Financial LP now owns 1,778 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 1,229 shares during the period. US Bancorp DE increased its holdings in Easterly Government Properties by 237.9% during the third quarter. US Bancorp DE now owns 1,757 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 1,237 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Easterly Government Properties in the third quarter worth approximately $69,000. 86.51% of the stock is currently 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.