Easterly Government Properties (NYSE:DEA) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Easterly Government Properties, Inc. (NYSE:DEA)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $23.37 and traded as high as $24.12. Easterly Government Properties shares last traded at $23.7580, with a volume of 367,567 shares.

Analyst Ratings Changes

DEA has been the subject of several analyst reports. Truist Financial lowered their price target on shares of Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Wednesday, March 11th. Wall Street Zen cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Royal Bank Of Canada boosted their price objective on shares of Easterly Government Properties from $21.00 to $22.00 and gave the company an “underperform” rating in a report on Monday, March 2nd. Finally, Weiss Ratings upgraded shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $23.49.

Easterly Government Properties Stock Performance

The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 99.00 and a beta of 0.98. The stock’s fifty day moving average is $23.37 and its 200-day moving average is $22.79. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.26.

Easterly Government Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a yield of 7.6%. Easterly Government Properties’s payout ratio is currently 750.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. grew its holdings in Easterly Government Properties by 1.2% during the fourth quarter. Franklin Resources Inc. now owns 39,660 shares of the real estate investment trust’s stock valued at $840,000 after purchasing an additional 471 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Easterly Government Properties by 215.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 772 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its stake in Easterly Government Properties by 32.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,391 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 822 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Easterly Government Properties by 5.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 16,427 shares of the real estate investment trust’s stock valued at $348,000 after buying an additional 822 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Easterly Government Properties by 0.8% in the third quarter. Public Employees Retirement System of Ohio now owns 104,660 shares of the real estate investment trust’s stock valued at $2,400,000 after buying an additional 836 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc is a real estate investment trust that specializes in the acquisition, development and management of commercial properties leased to U.S. government agencies. Structured as a triple-net lease REIT, the company focuses on single-tenant assets with long-term, credit-backed leases that transfer most property-level responsibilities—including taxes, insurance and maintenance—to its government tenants.

The firm’s portfolio encompasses a variety of facility types, including office buildings, training centers, laboratories and mission-critical installations used by federal agencies.