Zacks Investment Research upgraded shares of Easterly Government Properties (NYSE:DEA) from a sell rating to a hold rating in a research report released on Tuesday.
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. “
Separately, 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.
Shares of Easterly Government Properties (NYSE DEA) opened at $19.62 on Tuesday. The firm has a market cap of $898.91, a price-to-earnings ratio of 15.86 and a beta of 0.58. Easterly Government Properties has a twelve month low of $19.03 and a twelve month high of $22.32. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.73.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Tuesday, March 13th will be issued a dividend of $0.26 per share. The ex-dividend date is Monday, March 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.30%. Easterly Government Properties’s dividend payout ratio (DPR) is 1,040.10%.
In other Easterly Government Properties news, CAO Alison M. Bernard bought 2,000 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were bought at an average cost of $19.75 per share, with a total value of $39,500.00. Following the completion of the acquisition, the chief accounting officer now owns 501 shares of the company’s stock, valued at $9,894.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 15.60% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Easterly Government Properties by 138.1% during the fourth quarter. BlackRock Inc. now owns 6,820,090 shares of the real estate investment trust’s stock worth $145,541,000 after purchasing an additional 3,955,615 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Easterly Government Properties by 80.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,965,681 shares of the real estate investment trust’s stock worth $41,948,000 after acquiring an additional 874,481 shares during the period. Westwood Holdings Group Inc. increased its holdings in shares of Easterly Government Properties by 3.1% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,242,918 shares of the real estate investment trust’s stock worth $26,524,000 after acquiring an additional 37,510 shares during the period. Neuberger Berman Group LLC increased its holdings in shares of Easterly Government Properties by 30.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,125,198 shares of the real estate investment trust’s stock worth $23,258,000 after acquiring an additional 261,188 shares during the period. Finally, GW&K Investment Management LLC increased its holdings in shares of Easterly Government Properties by 0.5% in the 4th quarter. GW&K Investment Management LLC now owns 889,145 shares of the real estate investment trust’s stock worth $18,974,000 after acquiring an additional 4,049 shares during the period. 99.58% 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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