Easterly Government Properties (NYSE:DEA)‘s stock had its “buy” rating reiterated by SunTrust Banks in a research note issued to investors on Monday. They presently have a $23.00 price objective on the real estate investment trust’s stock. SunTrust Banks’ price objective would suggest a potential upside of 12.20% from the stock’s current price.
Several other research firms also recently weighed in on DEA. Zacks Investment Research raised Easterly Government Properties from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, November 27th. Jefferies Group reaffirmed a “buy” rating and issued a $24.00 target price on shares of Easterly Government Properties in a research report on Tuesday, October 10th.
Easterly Government Properties (NYSE:DEA) traded up $0.19 during midday trading on Monday, reaching $20.50. The company’s stock had a trading volume of 669,700 shares, compared to its average volume of 416,538. The firm has a market cap of $899.41, a P/E ratio of 205.00 and a beta of 0.57. 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.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Neuberger Berman Group LLC boosted its stake in shares of Easterly Government Properties by 30.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,125,198 shares of the real estate investment trust’s stock valued at $23,258,000 after buying an additional 261,188 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Easterly Government Properties in the 2nd quarter valued at about $22,515,000. State Street Corp boosted its stake in shares of Easterly Government Properties by 11.6% in the 2nd quarter. State Street Corp now owns 955,605 shares of the real estate investment trust’s stock valued at $20,019,000 after buying an additional 99,546 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Easterly Government Properties by 298.9% in the 2nd quarter. Renaissance Technologies LLC now owns 926,680 shares of the real estate investment trust’s stock valued at $19,414,000 after buying an additional 694,374 shares during the period. Finally, Voya Investment Management LLC boosted its stake in shares of Easterly Government Properties by 2.6% in the 2nd quarter. Voya Investment Management LLC now owns 914,828 shares of the real estate investment trust’s stock valued at $19,166,000 after buying an additional 23,196 shares during the period. Institutional investors and hedge funds own 87.27% of the company’s stock.
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Easterly Government Properties Company Profile
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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