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

Easterly Government Properties (NYSE:DEA) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Easterly Government Properties Stock Performance

Shares of DEA opened at $11.23 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 4.65 and a current ratio of 4.65. The stock has a 50 day moving average price of $11.74 and a two-hundred day moving average price of $12.00. The firm has a market capitalization of $1.15 billion, a P/E ratio of 59.08 and a beta of 0.67. Easterly Government Properties has a 52 week low of $10.27 and a 52 week high of $15.21.

Institutional Trading of Easterly Government Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Easterly Government Properties by 3.0% during the 2nd quarter. BlackRock Inc. now owns 17,482,804 shares of the real estate investment trust’s stock worth $253,501,000 after purchasing an additional 508,729 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Easterly Government Properties by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 10,833,432 shares of the real estate investment trust’s stock valued at $145,601,000 after acquiring an additional 30,318 shares in the last quarter. State Street Corp increased its position in shares of Easterly Government Properties by 1.3% during the second quarter. State Street Corp now owns 5,943,747 shares of the real estate investment trust’s stock valued at $86,184,000 after acquiring an additional 78,575 shares during the last quarter. Foresight Group Ltd Liability Partnership purchased a new stake in shares of Easterly Government Properties during the fourth quarter valued at approximately $39,948,000. Finally, Westwood Holdings Group Inc. increased its position in shares of Easterly Government Properties by 14.3% during the fourth 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 acquiring an additional 320,633 shares during the last quarter. 86.51% of the stock is owned by institutional investors.

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.