Easterly Government Properties (NYSE:DEA) Upgraded at StockNews.com

Easterly Government Properties (NYSE:DEA) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Easterly Government Properties Stock Down 0.6 %

Shares of DEA stock traded down $0.07 during trading hours on Friday, hitting $11.88. 827,960 shares of the company were exchanged, compared to its average volume of 975,411. The company has a market capitalization of $1.22 billion, a PE ratio of 59.40 and a beta of 0.65. The company has a current ratio of 4.31, a quick ratio of 4.65 and a debt-to-equity ratio of 0.98. Easterly Government Properties has a 52 week low of $10.27 and a 52 week high of $15.21. The business has a 50 day moving average of $11.53 and a two-hundred day moving average of $11.98.

Institutional Investors Weigh In On Easterly Government Properties

A number of large investors have recently added to or reduced their stakes in the stock. Intrinsic Edge Capital Management LLC bought a new position in Easterly Government Properties in the fourth quarter valued at about $6,720,000. Abacus Planning Group Inc. bought a new stake in Easterly Government Properties during the 4th quarter worth approximately $6,555,000. GW&K Investment Management LLC increased its holdings in Easterly Government Properties by 20.3% in the fourth quarter. GW&K Investment Management LLC now owns 2,434,048 shares of the real estate investment trust’s stock valued at $32,713,000 after purchasing an additional 410,108 shares during the period. Westwood Holdings Group Inc. increased its position in Easterly Government Properties by 14.3% during the 4th quarter. Westwood Holdings Group Inc. now owns 2,567,196 shares of the real estate investment trust’s stock valued at $34,503,000 after purchasing an additional 320,633 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Easterly Government Properties by 9.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,652,959 shares of the real estate investment trust’s stock valued at $22,216,000 after acquiring an additional 140,841 shares during the last quarter. Institutional investors and hedge funds 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.