Easterly Government Properties (NYSE:DEA) Rating Increased to Hold at StockNews.com

Easterly Government Properties (NYSE:DEA) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Separately, Truist Financial boosted their price objective on shares of Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Thursday, August 29th.

Easterly Government Properties Price Performance

DEA opened at $13.27 on Thursday. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 69.82 and a beta of 0.72. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 1.02. The firm has a 50-day moving average price of $13.42 and a 200-day moving average price of $12.62. Easterly Government Properties has a twelve month low of $10.27 and a twelve month high of $14.36.

Hedge Funds Weigh In On Easterly Government Properties

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Easterly Government Properties by 56.6% during the second quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,086 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Easterly Government Properties during the first quarter valued at approximately $89,000. National Bank of Canada FI bought a new stake in Easterly Government Properties during the second quarter valued at approximately $115,000. Signaturefd LLC lifted its position in Easterly Government Properties by 34.6% during the second quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 2,563 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its position in Easterly Government Properties by 365.1% during the first quarter. Sunbelt Securities Inc. now owns 10,000 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 7,850 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Company Profile

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.