Legacy Investment Solutions LLC purchased a new stake in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 65,396 shares of the real estate investment trust's stock, valued at approximately $856,000. Legacy Investment Solutions LLC owned 0.06% of Easterly Government Properties at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of DEA. GAMMA Investing LLC grew 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 buying an additional 1,086 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Easterly Government Properties by 35.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 997 shares in the last quarter. KBC Group NV increased its stake in shares of Easterly Government Properties by 62.4% during the third quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust's stock valued at $71,000 after purchasing an additional 2,014 shares in the last quarter. National Bank of Canada FI purchased a new position in shares of Easterly Government Properties during the second quarter valued at approximately $115,000. Finally, Signaturefd LLC boosted its position in shares of Easterly Government Properties by 34.6% in the 2nd quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust's stock worth $123,000 after purchasing an additional 2,563 shares in the last quarter. 86.51% of the stock is owned by institutional investors.
Easterly Government Properties Stock Down 1.5 %
DEA stock traded down $0.18 during midday trading on Friday, hitting $11.68. The company's stock had a trading volume of 1,020,355 shares, compared to its average volume of 1,543,059. The firm's 50-day moving average is $13.13 and its 200-day moving average is $13.03. 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, Inc. has a 12 month low of $10.94 and a 12 month high of $14.52. The company has a market cap of $1.23 billion, a PE ratio of 64.89 and a beta of 0.69.
Easterly Government Properties (NYSE:DEA - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.24). The business had revenue of $74.78 million for the quarter, compared to the consensus estimate of $74.98 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. On average, equities research analysts forecast that Easterly Government Properties, Inc. will post 1.15 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 Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.265 per share. The ex-dividend date was Friday, November 15th. This represents a $1.06 dividend on an annualized basis and a yield of 9.08%. Easterly Government Properties's dividend payout ratio (DPR) is 588.89%.
Analyst Ratings Changes
A number of research analysts recently weighed in on DEA shares. Jefferies Financial Group raised Easterly Government Properties from a "hold" rating to a "buy" rating and raised their price objective for the company from $13.00 to $15.00 in a research report on Monday, October 14th. StockNews.com raised Easterly Government Properties from a "sell" rating to a "hold" rating in a research report on Thursday, October 10th. Finally, Truist Financial dropped their price target on shares of Easterly Government Properties from $14.00 to $13.00 and set a "hold" rating on the stock in a research note on Friday.
Check Out Our Latest Research Report on Easterly Government Properties
Easterly Government Properties Profile
(
Free Report)
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.
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