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Easterly Government Properties Inc (NYSE:DEA) target price raised to $23.00, reported today by Zacks Investment Research

Easterly Government Properties Inc (NYSE:DEA) had its target price raised to $23.00 by Zacks Investment Research in a report released 06/02/2017. The new target price indicates a possible upside of 0.12% based on the company's last stock close price.

Yesterday Easterly Government Properties Inc (NYSE:DEA) traded -1.50% lower at $20.50. The company’s 50-day moving average is $20.40 and its 200-day moving average is $20.31. The last stock close price is up 0.03% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 209,483 shares of the stock were exchanged, down from an average trading volume of 288,077

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Easterly Government Properties Inc (NYSE:DEA)

Easterly Government Properties Inc has a 52 week low of $17.94 and a 52 week high of $21.81 with a P/E ratio of 203.20 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 3 firms have reported on the stock. The consensus target price is $19.17 with 0 firms rating the stock a strong buy, 1 firm rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Easterly Government Properties Inc (NYSE:DEA)

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). The operations of the Company are carried on primarily through Easterly Government Properties, LP and the subsidiaries of the Operating Partnership. As of December 31, 2016, it had 43 operating properties in the United States, including 40 operating properties that are leased primarily to the United States Government tenant agencies and three operating properties that are entirely leased to private tenants, encompassing approximately 3.1 million square feet in the aggregate. In addition, the Company had one property under development encompassing approximately 0.1 million square feet as of December 31, 2016.

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