Shares of Easterly Government Properties, Inc. (NYSE:DEA) saw unusually-strong trading volume on Monday . Approximately 7,971,444 shares changed hands during mid-day trading, an increase of 2,456% from the previous session’s volume of 311,856 shares.The stock last traded at $21.78 and had previously closed at $21.60.

A number of research analysts have recently commented on DEA shares. BidaskClub cut shares of Easterly Government Properties from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Zacks Investment Research cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. Finally, Jefferies Group restated a “buy” rating and issued a $24.00 price target on shares of Easterly Government Properties in a report on Tuesday, October 10th.

The company has a debt-to-equity ratio of 0.70, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $947.45 and a price-to-earnings ratio of 17.28.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, December 6th will be issued a $0.26 dividend. The ex-dividend date is Tuesday, December 5th. This is a boost 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 4.78%. Easterly Government Properties’s dividend payout ratio is presently 1,040.00%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. grew its holdings in shares of Easterly Government Properties by 30.8% in the second quarter. Advisor Group Inc. now owns 5,625 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 1,326 shares during the last quarter. Legal & General Group Plc lifted its stake in Easterly Government Properties by 7.8% in the second quarter. Legal & General Group Plc now owns 8,528 shares of the real estate investment trust’s stock worth $178,000 after acquiring an additional 619 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its stake in Easterly Government Properties by 72.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,582 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 3,609 shares during the period. First Trust Advisors LP purchased a new stake in Easterly Government Properties in the third quarter worth about $209,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Easterly Government Properties in the third quarter worth about $229,000. Hedge funds and other institutional investors own 87.31% of the company’s stock.

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About Easterly Government Properties

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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