Fox Run Management L.L.C. Takes Position in Easterly Government Properties, Inc. (NYSE:DEA)

Fox Run Management L.L.C. acquired a new stake in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 45,221 shares of the real estate investment trust's stock, valued at approximately $514,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in Easterly Government Properties during the fourth quarter valued at about $97,000. Inceptionr LLC bought a new position in shares of Easterly Government Properties during the 4th quarter valued at approximately $122,000. Metis Global Partners LLC purchased a new stake in Easterly Government Properties in the 4th quarter worth approximately $126,000. Quantinno Capital Management LP bought a new stake in Easterly Government Properties during the 3rd quarter worth approximately $142,000. Finally, Glenmede Trust Co. NA raised its stake in Easterly Government Properties by 29.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 15,858 shares of the real estate investment trust's stock worth $215,000 after acquiring an additional 3,592 shares during the period. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DEA shares. StockNews.com upgraded shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. Jefferies Financial Group started coverage on Easterly Government Properties in a report on Monday, March 17th. They set a "buy" rating and a $13.00 price target on the stock. Truist Financial lowered their price objective on Easterly Government Properties from $14.00 to $13.00 and set a "hold" rating on the stock in a research report on Friday, December 6th. Finally, Royal Bank of Canada lowered their price target on Easterly Government Properties from $12.00 to $11.00 and set an "underperform" rating on the stock in a report on Monday, March 10th.

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Easterly Government Properties Price Performance

Shares of DEA stock traded down $0.04 on Friday, reaching $10.55. The company's stock had a trading volume of 261,002 shares, compared to its average volume of 1,433,204. The stock's fifty day simple moving average is $10.94 and its 200-day simple moving average is $12.07. Easterly Government Properties, Inc. has a 1 year low of $10.18 and a 1 year high of $14.52. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 58.58 and a beta of 0.73. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07.

Easterly Government Properties (NYSE:DEA - Get Free Report) last posted its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.22. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The firm had revenue of $78.25 million for the quarter, compared to the consensus estimate of $79.49 million. During the same period in the previous year, the firm posted $0.28 EPS. The business's quarterly revenue was up 7.8% on a year-over-year basis. Analysts forecast that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current fiscal year.

Easterly Government Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 10.05%. The ex-dividend date of this dividend was Wednesday, March 5th. Easterly Government Properties's payout ratio is 557.89%.

Easterly Government Properties 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.