Easterly Government Properties (NYSE:DEA) received a $24.00 price target from equities research analysts at SunTrust Banks in a research note issued to investors on Sunday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. SunTrust Banks’ price objective would indicate a potential upside of 8.65% from the company’s current price.
A number of other research firms have also issued reports on DEA. Zacks Investment Research lowered shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Jefferies Group reiterated a “buy” rating and set a $24.00 price objective on shares of Easterly Government Properties in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $23.13.
Shares of Easterly Government Properties (DEA) opened at $22.09 on Friday. The stock has a market cap of $968.74, a P/E ratio of 17.66 and a beta of 0.57. Easterly Government Properties has a 12 month low of $19.08 and a 12 month high of $22.14. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.26 and a current ratio of 1.26.
Several institutional investors and hedge funds have recently bought and sold shares of DEA. Advisor Group Inc. increased its stake 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 buying an additional 1,326 shares during the last quarter. Legal & General Group Plc lifted its holdings 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 purchasing an additional 619 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its holdings 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 purchasing an additional 3,609 shares during the period. First Trust Advisors LP acquired a new stake in Easterly Government Properties in the third quarter worth about $209,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Easterly Government Properties in the third quarter worth about $229,000. Institutional investors own 87.31% of the company’s stock.
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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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