Easterly Government Properties (NYSE:DEA) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of Easterly Government Properties (NYSE:DEA) from a sell rating to a hold rating in a research report released on Friday.

Easterly Government Properties Stock Down 0.6 %

NYSE:DEA opened at $11.88 on Friday. The firm has a 50-day simple moving average of $11.54 and a two-hundred day simple moving average of $12.00. The firm has a market cap of $1.22 billion, a P/E ratio of 59.40 and a beta of 0.65. Easterly Government Properties has a fifty-two week low of $10.27 and a fifty-two week high of $15.21. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.31 and a current ratio of 4.31.

Easterly Government Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Thursday, May 9th will be issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 8.92%. The ex-dividend date of this dividend is Wednesday, May 8th. Easterly Government Properties’s payout ratio is 530.00%.

Institutional Investors Weigh In On Easterly Government Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV boosted its holdings in Easterly Government Properties by 2,550.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 2,200 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 2,117 shares during the period. CWM LLC raised its stake in Easterly Government Properties by 130.9% during the 4th quarter. CWM LLC now owns 4,338 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 2,459 shares during the period. Security National Bank purchased a new position in Easterly Government Properties in the 4th quarter worth approximately $86,000. Allspring Global Investments Holdings LLC bought a new position in Easterly Government Properties in the 1st quarter worth approximately $89,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Easterly Government Properties during the 3rd quarter valued at approximately $103,000. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

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.