Zacks Investment Research upgraded shares of Easterly Government Properties (NYSE:DEA) from a hold rating to a buy rating in a report released on Wednesday, January 3rd. They currently have $24.00 price objective on the real estate investment trust’s stock.

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. “

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Other equities research analysts have also recently issued reports about the stock. SunTrust Banks set a $24.00 price objective on shares of Easterly Government Properties and gave the company a buy rating in a research note on Sunday, December 17th. Jefferies Group reissued a buy rating and issued a $24.00 price objective on shares of Easterly Government Properties in a research note on Tuesday, October 10th.

Shares of Easterly Government Properties (DEA) opened at $20.56 on Wednesday. The company has a market cap of $915.65, a price-to-earnings ratio of 16.70 and a beta of 0.57. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.26 and a quick ratio of 1.26. Easterly Government Properties has a 12-month low of $19.08 and a 12-month high of $22.32.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.30). Easterly Government Properties had a return on equity of 0.54% and a net margin of 3.12%. equities analysts forecast that Easterly Government Properties will post 1.27 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. lifted its holdings in Easterly Government Properties by 1.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 29,122 shares of the real estate investment trust’s stock valued at $610,000 after purchasing an additional 456 shares in the last quarter. Legal & General Group Plc lifted its holdings in Easterly Government Properties by 7.8% in the 2nd quarter. Legal & General Group Plc now owns 8,528 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 619 shares in the last quarter. Royal Bank of Canada lifted its holdings in Easterly Government Properties by 1.5% in the 2nd quarter. Royal Bank of Canada now owns 42,064 shares of the real estate investment trust’s stock valued at $882,000 after purchasing an additional 630 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Easterly Government Properties by 3.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 27,816 shares of the real estate investment trust’s stock worth $583,000 after acquiring an additional 974 shares during the period. Finally, Advisor Group Inc. lifted its holdings in shares of Easterly Government Properties by 30.8% during the 2nd quarter. Advisor Group Inc. now owns 5,625 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 1,326 shares during the period. Institutional investors own 87.55% 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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