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

StockNews.com lowered shares of Easterly Government Properties (NYSE:DEA) from a hold rating to a sell rating in a research report released on Thursday.

Easterly Government Properties Stock Performance

DEA opened at $13.42 on Thursday. Easterly Government Properties has a twelve month low of $10.27 and a twelve month high of $15.19. The company has a quick ratio of 4.31, a current ratio of 3.57 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average of $12.82 and a 200-day moving average of $12.11. The stock has a market cap of $1.38 billion, a PE ratio of 67.10 and a beta of 0.71.

Easterly Government Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Thursday, August 1st will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 7.90%. The ex-dividend date of this dividend is Thursday, August 1st. Easterly Government Properties’s dividend payout ratio is presently 530.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DEA. GAMMA Investing LLC boosted its stake in Easterly Government Properties by 56.6% during the second quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,086 shares in the last quarter. CWM LLC lifted its stake in shares of Easterly Government Properties by 130.9% in the fourth quarter. CWM LLC now owns 4,338 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 2,459 shares in the last quarter. Security National Bank bought a new position in shares of Easterly Government Properties in the fourth quarter valued at $86,000. Allspring Global Investments Holdings LLC bought a new position in shares of Easterly Government Properties in the first quarter valued at $89,000. Finally, Signaturefd LLC lifted its stake 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 in the last quarter. 86.51% of the stock is owned by institutional investors.

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.