Easterly Government Properties (NYSE:DEA) Rating Lowered to Sell at StockNews.com

StockNews.com cut shares of Easterly Government Properties (NYSE:DEA) from a hold rating to a sell rating in a research note issued to investors on Monday.

Easterly Government Properties Stock Performance

Shares of NYSE DEA opened at $13.52 on Monday. Easterly Government Properties has a 12-month low of $10.27 and a 12-month high of $15.21. The company has a market cap of $1.39 billion, a PE ratio of 67.60 and a beta of 0.71. The stock has a 50 day simple moving average of $12.57 and a 200-day simple moving average of $12.09. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.98.

Easterly Government Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Thursday, August 1st will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date of this dividend is Thursday, August 1st. Easterly Government Properties’s dividend payout ratio (DPR) is 530.00%.

Hedge Funds Weigh In On Easterly Government Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in shares of Easterly Government Properties by 56.6% in the second quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,086 shares in the last quarter. CWM LLC boosted its stake in Easterly Government Properties by 130.9% during the 4th quarter. CWM LLC now owns 4,338 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 2,459 shares in the last quarter. Security National Bank acquired a new position in shares of Easterly Government Properties during the 4th quarter valued at $86,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Easterly Government Properties in the 1st quarter worth $89,000. Finally, Signaturefd LLC lifted its holdings in shares of Easterly Government Properties by 716.3% in the fourth quarter. Signaturefd LLC now owns 7,649 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 6,712 shares during the period. Institutional investors own 86.51% of the company’s stock.

About Easterly Government Properties

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.