Easterly Government Properties, Inc. (NYSE:DEA) Receives Consensus Recommendation of “Hold” from Brokerages

Easterly Government Properties, Inc. (NYSE:DEA) has been assigned an average rating of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $24.9917.

Several research firms recently weighed in on DEA. Truist Financial dropped their price objective on shares of Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Monday, November 24th. Compass Point set a $26.45 price target on Easterly Government Properties and gave the company a “buy” rating in a report on Wednesday, October 15th. New Street Research set a $20.00 price objective on Easterly Government Properties in a research 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 report on Saturday, January 10th. Finally, Weiss Ratings raised shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday.

Institutional Trading of Easterly Government Properties

Several institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its holdings in Easterly Government Properties by 215.6% in the second 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 increased its stake in shares of Easterly Government Properties by 318.2% in the 3rd quarter. Parallel Advisors LLC now owns 1,334 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 1,015 shares during the last quarter. US Bancorp DE increased its stake in shares of Easterly Government Properties by 237.9% in the 3rd quarter. US Bancorp DE now owns 1,757 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 1,237 shares during the last quarter. Allworth Financial LP raised its position in shares of Easterly Government Properties by 223.9% in the 2nd quarter. Allworth Financial LP now owns 1,778 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 1,229 shares during the period. Finally, Danske Bank A S bought a new position in Easterly Government Properties during the 4th quarter worth approximately $44,000. Institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Stock Up 1.9%

Shares of NYSE DEA opened at $24.21 on Friday. Easterly Government Properties has a 12-month low of $19.33 and a 12-month high of $29.49. The firm’s 50-day simple moving average is $22.24 and its 200 day simple moving average is $22.25. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 1.18. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 79.39 and a beta of 0.96.

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.