Easterly Government Properties (NYSE:DEA) Reaches New 12-Month High – Here’s What Happened

Easterly Government Properties, Inc. (NYSE:DEAGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $25.68 and last traded at $25.65, with a volume of 113657 shares trading hands. The stock had previously closed at $24.83.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wall Street Zen lowered Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $23.11.

View Our Latest Stock Analysis on Easterly Government Properties

Easterly Government Properties Trading Down 0.4%

The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $1.19 billion, a P/E ratio of 106.36 and a beta of 0.97. The firm’s 50-day simple moving average is $24.13 and its 200-day simple moving average is $23.27.

Easterly Government Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 annualized dividend and a yield of 7.1%. Easterly Government Properties’s payout ratio is 750.00%.

Hedge Funds Weigh In On Easterly Government Properties

A number of large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in Easterly Government Properties by 215.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 772 shares during the last quarter. Parallel Advisors LLC raised its position in Easterly Government Properties by 318.2% in the 3rd quarter. Parallel Advisors LLC now owns 1,334 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,015 shares during the period. Colonial Trust Co SC bought a new stake in Easterly Government Properties in the fourth quarter worth $34,000. US Bancorp DE lifted its stake in Easterly Government Properties by 237.9% in the third quarter. US Bancorp DE now owns 1,757 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,237 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in Easterly Government Properties during the fourth quarter valued at about $44,000. 86.51% of the stock is owned by hedge funds and other institutional investors.

About Easterly Government Properties

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Easterly Government Properties, Inc is a real estate investment trust that specializes in the acquisition, development and management of commercial properties leased to U.S. government agencies. Structured as a triple-net lease REIT, the company focuses on single-tenant assets with long-term, credit-backed leases that transfer most property-level responsibilities—including taxes, insurance and maintenance—to its government tenants.

The firm’s portfolio encompasses a variety of facility types, including office buildings, training centers, laboratories and mission-critical installations used by federal agencies.

Further Reading

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