Easterly Government Properties (DEA) Lifted to Hold at ValuEngine
Easterly Government Properties (NYSE:DEA) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
Separately, Zacks Investment Research lowered shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Monday, May 14th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $23.33.
Easterly Government Properties stock traded up $0.04 during midday trading on Friday, reaching $19.94. The stock had a trading volume of 354,400 shares, compared to its average volume of 598,081. Easterly Government Properties has a twelve month low of $19.03 and a twelve month high of $22.32. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market capitalization of $917.19 million, a price-to-earnings ratio of 15.83 and a beta of 0.46.
In related news, Chairman Darrell W. Crate sold 160,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 24th. The shares were sold at an average price of $19.97, for a total value of $3,195,200.00. Following the completion of the transaction, the chairman now owns 205,000 shares of the company’s stock, valued at approximately $4,093,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 14.90% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC purchased a new stake in Easterly Government Properties in the 1st quarter worth approximately $102,000. SG Americas Securities LLC purchased a new stake in Easterly Government Properties in the 4th quarter worth approximately $108,000. Stratos Wealth Partners LTD. lifted its position in Easterly Government Properties by 2,500.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 6,500 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 6,250 shares in the last quarter. Meadow Creek Investment Management LLC purchased a new stake in Easterly Government Properties in the 1st quarter worth approximately $139,000. Finally, QS Investors LLC purchased a new stake in Easterly Government Properties in the 4th quarter worth approximately $149,000. Institutional investors own 96.92% of the company’s stock.
Easterly Government Properties Company Profile
Easterly Government Properties, Inc (NYSE:DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.
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