Easterly Government Properties (NYSE:DEA) Upgraded at Jefferies Financial Group

Easterly Government Properties (NYSE:DEA) was upgraded by equities researchers at Jefferies Financial Group from a “hold” rating to a “buy” rating in a note issued to investors on Monday, FinViz reports. The firm currently has a $15.00 target price on the real estate investment trust’s stock, up from their previous target price of $13.00. Jefferies Financial Group’s price objective indicates a potential upside of 13.04% from the company’s previous close.

Several other equities research analysts have also issued reports on DEA. StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday. Truist Financial raised their price target on Easterly Government Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a research report on Thursday, August 29th.

Easterly Government Properties Price Performance

NYSE:DEA opened at $13.27 on Monday. The company has a market capitalization of $1.37 billion, a P/E ratio of 66.35 and a beta of 0.72. The business’s 50-day moving average is $13.42 and its 200 day moving average is $12.64. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 1.02. Easterly Government Properties has a 12 month low of $10.27 and a 12 month high of $14.36.

Hedge Funds Weigh In On Easterly Government Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in shares of Easterly Government Properties by 56.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,086 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Easterly Government Properties in the 1st quarter valued at approximately $89,000. Sunbelt Securities Inc. boosted its stake in Easterly Government Properties by 365.1% in the 1st quarter. Sunbelt Securities Inc. now owns 10,000 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 7,850 shares in the last quarter. National Bank of Canada FI acquired a new position in Easterly Government Properties during the 2nd quarter valued at approximately $115,000. Finally, Signaturefd LLC raised its holdings in shares of Easterly Government Properties by 34.6% in the second quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 2,563 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Company Profile

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.