Easterly Government Properties (DEA) Cut to Hold at Zacks Investment Research

Easterly Government Properties (NYSE:DEA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued 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. “

DEA has been the topic of several other reports. Jefferies Group reaffirmed a “buy” rating and issued a $24.00 price target on shares of Easterly Government Properties in a research note on Tuesday, October 10th. SunTrust Banks set a $24.00 price target on Easterly Government Properties and gave the stock a “buy” rating in a research note on Sunday, December 17th.

Shares of Easterly Government Properties (NYSE DEA) traded down $0.08 during mid-day trading on Tuesday, reaching $20.62. The company had a trading volume of 328,600 shares, compared to its average volume of 405,957. The stock has a market capitalization of $904.68 and a PE ratio of 206.20. Easterly Government Properties has a 12 month low of $19.08 and a 12 month high of $22.32. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.26 and a current ratio of 1.26.

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its stake in shares of Easterly Government Properties by 57.7% in the third quarter. Public Employees Retirement System of Ohio now owns 43,861 shares of the real estate investment trust’s stock worth $907,000 after acquiring an additional 16,045 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of Easterly Government Properties by 30.2% in the third 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 last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of 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 acquiring an additional 3,609 shares during the last quarter. First Republic Investment Management Inc. purchased a new stake in shares of Easterly Government Properties in the third quarter worth $269,000. Finally, Asset Management One Co. Ltd. grew its stake in shares of Easterly Government Properties by 36.2% in the third quarter. Asset Management One Co. Ltd. now owns 121,045 shares of the real estate investment trust’s stock worth $2,501,000 after acquiring an additional 32,164 shares during the last quarter. 87.22% of the stock is currently owned by institutional investors.

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About Easterly Government Properties

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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