Raymond James upgraded shares of Easterly Government Properties (NYSE:DEA) from a market perform rating to an outperform rating in a report issued on Tuesday morning, Marketbeat.com reports.

DEA has been the topic of a number of other reports. Zacks Investment Research downgraded Easterly Government Properties from a hold rating to a sell rating in a research note on Wednesday, October 10th. ValuEngine downgraded Easterly Government Properties from a hold rating to a sell rating in a research note on Thursday, October 4th. Royal Bank of Canada upgraded Easterly Government Properties from a sector perform rating to an outperform rating in a research note on Friday, December 14th. Finally, Boenning Scattergood started coverage on Easterly Government Properties in a research note on Wednesday, November 28th. They issued an outperform rating and a $23.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Easterly Government Properties has an average rating of Buy and a consensus price target of $23.00.

Shares of DEA stock traded down $0.02 on Tuesday, reaching $16.96. The stock had a trading volume of 4,407 shares, compared to its average volume of 427,910. The company has a market cap of $1.02 billion, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 4.70 and a beta of 0.68. Easterly Government Properties has a 1 year low of $15.16 and a 1 year high of $21.49. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.98 and a quick ratio of 0.98.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.04. The firm had revenue of $39.40 million for the quarter, compared to the consensus estimate of $39.59 million. Easterly Government Properties had a return on equity of 0.70% and a net margin of 4.30%. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period last year, the business posted $0.32 EPS. As a group, analysts expect that Easterly Government Properties will post 1.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 27th. Stockholders of record on Thursday, December 13th were paid a $0.26 dividend. The ex-dividend date was Wednesday, December 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 6.13%. Easterly Government Properties’s dividend payout ratio (DPR) is currently 82.54%.

In related news, CAO Alison M. Bernard sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $17.77, for a total value of $177,700.00. Following the transaction, the chief accounting officer now directly owns 10,501 shares of the company’s stock, valued at approximately $186,602.77. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO William C. Trimble sold 9,000 shares of the firm’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $18.00, for a total value of $162,000.00. Following the completion of the transaction, the chief executive officer now directly owns 90,713 shares in the company, valued at $1,632,834. The disclosure for this sale can be found here. Company insiders own 14.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in Easterly Government Properties by 19.3% in the 3rd quarter. BlackRock Inc. now owns 10,823,780 shares of the real estate investment trust’s stock worth $209,656,000 after purchasing an additional 1,749,952 shares during the period. Vanguard Group Inc raised its holdings in Easterly Government Properties by 18.3% during the third quarter. Vanguard Group Inc now owns 6,535,031 shares of the real estate investment trust’s stock valued at $126,583,000 after acquiring an additional 1,010,420 shares during the period. Vanguard Group Inc. raised its holdings in Easterly Government Properties by 18.3% during the third quarter. Vanguard Group Inc. now owns 6,535,031 shares of the real estate investment trust’s stock valued at $126,583,000 after acquiring an additional 1,010,420 shares during the period. Cohen & Steers Inc. raised its holdings in Easterly Government Properties by 6.2% during the third quarter. Cohen & Steers Inc. now owns 2,429,877 shares of the real estate investment trust’s stock valued at $47,067,000 after acquiring an additional 142,600 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Easterly Government Properties by 18.2% during the third quarter. Renaissance Technologies LLC now owns 2,166,200 shares of the real estate investment trust’s stock valued at $41,959,000 after acquiring an additional 333,300 shares during the period.

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.

See Also: Consumer Price Index (CPI)

Receive News & Ratings for Easterly Government Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Easterly Government Properties and related companies with MarketBeat.com's FREE daily email newsletter.