Easterly Government Properties (NYSE:DEA) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Shares of Easterly Government Properties, Inc. (NYSE:DEA) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $23.37 and traded as high as $24.12. Easterly Government Properties shares last traded at $23.7580, with a volume of 367,567 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of Easterly Government Properties from $21.00 to $22.00 and gave the company an “underperform” rating in a report on Monday, March 2nd. Truist Financial cut their price target on shares of Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a report on Wednesday, March 11th. Wall Street Zen downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings upgraded shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $23.49.

Easterly Government Properties Stock Performance

The company has a market capitalization of $1.10 billion, a P/E ratio of 99.00 and a beta of 0.98. The company has a debt-to-equity ratio of 1.26, a current ratio of 4.01 and a quick ratio of 4.01. The stock’s 50 day simple moving average is $23.37 and its two-hundred day simple moving average is $22.79.

Easterly Government Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.6%. Easterly Government Properties’s payout ratio is currently 750.00%.

Hedge Funds Weigh In On Easterly Government Properties

A number of institutional investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL acquired a new stake in shares of Easterly Government Properties during the 3rd quarter worth approximately $1,308,000. Vanguard Group Inc. grew its position in shares of Easterly Government Properties by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 4,831,169 shares of the real estate investment trust’s stock worth $102,372,000 after buying an additional 167,092 shares during the period. Public Sector Pension Investment Board grew its position in shares of Easterly Government Properties by 16.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 168,046 shares of the real estate investment trust’s stock worth $3,853,000 after buying an additional 24,209 shares during the period. Victory Capital Management Inc. grew its position in shares of Easterly Government Properties by 4.7% during the 3rd quarter. Victory Capital Management Inc. now owns 742,173 shares of the real estate investment trust’s stock worth $17,018,000 after buying an additional 33,336 shares during the period. Finally, Pekin Hardy Strauss Inc. grew its position in shares of Easterly Government Properties by 9.8% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 256,166 shares of the real estate investment trust’s stock worth $5,874,000 after buying an additional 22,857 shares during the period. 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.