Easterly Government Properties (NYSE:DEA) Price Target Raised to $14.00

Easterly Government Properties (NYSE:DEA) had its price target hoisted by Truist Financial from $13.00 to $14.00 in a report released on Thursday morning, Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

Separately, StockNews.com upgraded Easterly Government Properties from a sell rating to a hold rating in a report on Monday, August 26th.

Easterly Government Properties Stock Performance

Shares of NYSE:DEA opened at $13.12 on Thursday. The company has a market cap of $1.35 billion, a P/E ratio of 65.60 and a beta of 0.71. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.57 and a current ratio of 3.57. Easterly Government Properties has a one year low of $10.27 and a one year high of $14.36. The business’s 50-day simple moving average is $13.21 and its 200 day simple moving average is $12.24.

Easterly Government Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Thursday, August 1st were issued a dividend of $0.265 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.06 annualized dividend and a dividend yield of 8.08%. Easterly Government Properties’s payout ratio is currently 530.00%.

Institutional Investors Weigh In On Easterly Government Properties

Several hedge funds have recently modified their holdings of DEA. GAMMA Investing LLC grew its stake in Easterly Government Properties by 56.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,086 shares in the last quarter. CWM LLC grew 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 in the last quarter. Security National Bank acquired a new stake in Easterly Government Properties during the 4th quarter valued at approximately $86,000. Allspring Global Investments Holdings LLC acquired a new stake in Easterly Government Properties during the 1st quarter valued at approximately $89,000. Finally, Newbridge Financial Services Group Inc. grew its stake in Easterly Government Properties by 879.9% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 9,338 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 8,385 shares in the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

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.