Easterly Government Properties (DEA) Sees Unusually-High Trading Volume
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.
WARNING: “Easterly Government Properties (DEA) Sees Unusually-High Trading Volume” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://www.watchlistnews.com/easterly-government-properties-dea-sees-unusually-high-trading-volume/1758217.html.
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).
Receive News & Ratings for Easterly Government Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Easterly Government Properties Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.