SunTrust Banks set a $24.00 target price on Easterly Government Properties (NYSE:DEA) in a report published on Sunday, December 17th. The firm currently has a buy rating on the real estate investment trust’s stock.
DEA has been the subject of a number of other reports. Jefferies Group reiterated a buy rating and set a $24.00 price target on shares of Easterly Government Properties in a report on Tuesday, October 10th. Zacks Investment Research downgraded Easterly Government Properties from a hold rating to a sell rating in a report on Wednesday, September 13th.
Shares of Easterly Government Properties (DEA) traded up $0.01 during trading on Friday, reaching $20.63. The company’s stock had a trading volume of 402,953 shares, compared to its average volume of 405,582. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.26 and a current ratio of 1.26. Easterly Government Properties has a 52-week low of $19.08 and a 52-week high of $22.32. The firm has a market cap of $904.68 and a P/E ratio of 206.30.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Wednesday, December 6th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date was Tuesday, December 5th. This is a boost from Easterly Government Properties’s previous quarterly dividend of $0.25. Easterly Government Properties’s dividend payout ratio is 1,040.00%.
Several hedge funds have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its position in shares of Easterly Government Properties by 1.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 29,122 shares of the real estate investment trust’s stock worth $610,000 after purchasing an additional 456 shares in the last quarter. Legal & General Group Plc lifted its position 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 acquiring an additional 619 shares in the last quarter. Royal Bank of Canada lifted its position 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 acquiring an additional 630 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Easterly Government Properties by 3.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 27,816 shares of the real estate investment trust’s stock valued at $583,000 after acquiring an additional 974 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in Easterly Government Properties by 1.8% in the 1st quarter. Teachers Advisors LLC now owns 71,107 shares of the real estate investment trust’s stock valued at $1,407,000 after acquiring an additional 1,261 shares in 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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