Zacks Investment Research upgraded shares of Easterly Government Properties (NYSE:DEA) from a sell rating to a hold rating in a research note released on Friday.

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. “

Separately, ValuEngine cut Easterly Government Properties from a hold rating to a sell rating in a report on Thursday, October 4th.

NYSE DEA traded up $0.21 on Friday, reaching $17.98. The company had a trading volume of 489,646 shares, compared to its average volume of 439,169. The stock has a market cap of $1.09 billion, a PE ratio of 14.27, a P/E/G ratio of 3.40 and a beta of 0.52. Easterly Government Properties has a 1 year low of $17.42 and a 1 year high of $22.32. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.64.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. The firm had revenue of $39.40 million during the quarter, compared to analysts’ expectations of $39.59 million. Easterly Government Properties had a return on equity of 0.70% and a net margin of 4.30%. Easterly Government Properties’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS. Sell-side analysts anticipate that Easterly Government Properties will post 1.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Thursday, December 13th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date is Wednesday, December 12th. Easterly Government Properties’s payout ratio is 82.54%.

In other Easterly Government Properties news, CAO Alison M. Bernard sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $17.77, for a total value of $177,700.00. Following the transaction, the chief accounting officer now directly owns 10,501 shares of the company’s stock, valued at approximately $186,602.77. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO William C. Trimble sold 9,000 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $19.96, for a total value of $179,640.00. Following the completion of the transaction, the chief executive officer now directly owns 90,713 shares in the company, valued at $1,810,631.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 436,125 shares of company stock worth $8,541,840. 14.90% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in DEA. Millennium Management LLC raised its position in shares of Easterly Government Properties by 49.1% in the 1st quarter. Millennium Management LLC now owns 147,582 shares of the real estate investment trust’s stock valued at $3,011,000 after purchasing an additional 48,582 shares in the last quarter. Royal Bank of Canada raised its position in shares of Easterly Government Properties by 31.2% in the 1st quarter. Royal Bank of Canada now owns 58,114 shares of the real estate investment trust’s stock valued at $1,186,000 after purchasing an additional 13,827 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Easterly Government Properties by 5.0% in the 1st quarter. Principal Financial Group Inc. now owns 344,673 shares of the real estate investment trust’s stock valued at $7,031,000 after purchasing an additional 16,362 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Easterly Government Properties by 28.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 18,530 shares of the real estate investment trust’s stock valued at $366,000 after purchasing an additional 4,060 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Easterly Government Properties by 53.0% in the 2nd quarter. Bank of Montreal Can now owns 30,786 shares of the real estate investment trust’s stock valued at $608,000 after purchasing an additional 10,670 shares in the last quarter.

About Easterly Government Properties

Easterly Government Properties, Inc (NYSE:DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.

Further Reading: Treasury Bonds

Get a free copy of the Zacks research report on Easterly Government Properties (DEA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Easterly Government Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Easterly Government Properties and related companies with MarketBeat.com's FREE daily email newsletter.