Zacks Investment Research lowered shares of Easterly Government Properties (NYSE:DEA) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

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 have also weighed in on DEA. SunTrust Banks set a $24.00 target price on shares of Easterly Government Properties and gave the stock a buy rating in a report on Sunday, December 17th. Jefferies Group reaffirmed a buy rating and issued a $24.00 price objective on shares of Easterly Government Properties in a research note on Tuesday, October 10th.

Easterly Government Properties (NYSE DEA) traded down $0.11 on Tuesday, reaching $20.52. 372,122 shares of the company’s stock were exchanged, compared to its average volume of 915,305. Easterly Government Properties has a 52-week low of $19.08 and a 52-week high of $22.32. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.70. The company has a market cap of $900.29 and a price-to-earnings ratio of 205.20.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Wednesday, December 6th were paid a $0.26 dividend. This is a positive change from Easterly Government Properties’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend was Tuesday, December 5th. Easterly Government Properties’s dividend payout ratio is currently 1,040.00%.

Several large investors have recently bought and sold shares of DEA. Advisor Group Inc. boosted its stake in shares of Easterly Government Properties by 30.8% in the 2nd quarter. Advisor Group Inc. now owns 5,625 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 1,326 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Easterly Government Properties by 72.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,582 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 3,609 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Easterly Government Properties by 7.8% in the 2nd quarter. Legal & General Group Plc now owns 8,528 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 619 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Easterly Government Properties in the 3rd quarter valued at $209,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Easterly Government Properties in the 3rd quarter valued at $229,000. 87.22% of the stock is currently owned by institutional investors.

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Easterly Government Properties Company Profile

Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).

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