Easterly Government Properties (NYSE:DEA) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Easterly Government Properties (NYSE:DEA) from a buy rating to a hold rating in a report issued on Tuesday, Zacks.com reports.

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. “

A number of other research firms also recently commented on DEA. Raymond James downgraded shares of Easterly Government Properties from an outperform rating to a market perform rating in a research note on Monday, January 10th. Jefferies Financial Group cut shares of Easterly Government Properties from a buy rating to a hold rating and set a $25.00 price target on the stock. in a research report on Monday, January 10th. BMO Capital Markets downgraded Easterly Government Properties from an outperform rating to a market perform rating and set a $24.00 price target for the company. in a research note on Friday, January 7th. Finally, Citigroup assumed coverage on Easterly Government Properties in a research note on Thursday, October 14th. They set a buy rating on the stock. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $25.10.

Shares of NYSE:DEA opened at $22.67 on Tuesday. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 75.57 and a beta of 0.44. The company has a 50 day moving average of $22.06 and a two-hundred day moving average of $21.69. Easterly Government Properties has a 52-week low of $19.64 and a 52-week high of $23.65. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.74.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings data on Tuesday, November 2nd. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Easterly Government Properties had a net margin of 9.50% and a return on equity of 1.91%. During the same period last year, the business posted $0.31 EPS. On average, equities analysts anticipate that Easterly Government Properties will post 1.31 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 24th. Stockholders of record on Friday, November 12th were issued a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 4.68%. The ex-dividend date was Wednesday, November 10th. Easterly Government Properties’s dividend payout ratio (DPR) is presently 353.35%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Easterly Government Properties by 1.1% in the second quarter. Vanguard Group Inc. now owns 9,696,061 shares of the real estate investment trust’s stock valued at $204,392,000 after acquiring an additional 105,924 shares during the period. State Street Corp boosted its position in Easterly Government Properties by 1.7% during the 2nd quarter. State Street Corp now owns 4,302,163 shares of the real estate investment trust’s stock valued at $90,690,000 after purchasing an additional 72,995 shares during the period. Royal Bank of Canada boosted its position in Easterly Government Properties by 2,321.8% during the 3rd quarter. Royal Bank of Canada now owns 2,403,774 shares of the real estate investment trust’s stock valued at $49,663,000 after purchasing an additional 2,304,519 shares during the period. Nuveen Asset Management LLC grew its stake in Easterly Government Properties by 27.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,261,530 shares of the real estate investment trust’s stock worth $47,674,000 after buying an additional 493,515 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Easterly Government Properties by 4.4% in the second quarter. Geode Capital Management LLC now owns 1,687,909 shares of the real estate investment trust’s stock worth $35,581,000 after buying an additional 71,217 shares during the period. Hedge funds and other institutional investors own 87.93% of the company’s stock.

About Easterly Government Properties

Easterly Government Properties, Inc operates as a real estate investment trust, which engages in the acquisition, development, and management of commercial properties that are leased to U.S. Government agencies. The company was founded on October 10, 2014 and is headquartered in Washington, DC.

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