Atria Wealth Solutions Inc. Takes $337,000 Position in Easterly Government Properties, Inc. (NYSE:DEA)

Atria Wealth Solutions Inc. purchased a new stake in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 29,645 shares of the real estate investment trust's stock, valued at approximately $337,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Truist Financial Corp boosted its stake in Easterly Government Properties by 7.9% in the 4th quarter. Truist Financial Corp now owns 21,435 shares of the real estate investment trust's stock valued at $243,000 after purchasing an additional 1,574 shares during the period. Principal Financial Group Inc. lifted its position in Easterly Government Properties by 5.5% during the fourth quarter. Principal Financial Group Inc. now owns 481,556 shares of the real estate investment trust's stock worth $5,470,000 after purchasing an additional 25,172 shares during the period. Rhumbline Advisers grew its stake in Easterly Government Properties by 0.3% during the fourth quarter. Rhumbline Advisers now owns 321,908 shares of the real estate investment trust's stock worth $3,657,000 after buying an additional 1,071 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Easterly Government Properties by 2.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 143,148 shares of the real estate investment trust's stock worth $1,600,000 after acquiring an additional 3,310 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of Easterly Government Properties by 23.0% in the 4th quarter. Van ECK Associates Corp now owns 23,442 shares of the real estate investment trust's stock valued at $266,000 after acquiring an additional 4,376 shares during the last quarter. 86.51% of the stock is owned by institutional investors.

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Insider Activity at Easterly Government Properties

In related news, CEO Darrell W. Crate purchased 10,000 shares of the firm's stock in a transaction dated Monday, December 23rd. The shares were purchased at an average price of $10.91 per share, with a total value of $109,100.00. Following the acquisition, the chief executive officer now directly owns 171,479 shares of the company's stock, valued at approximately $1,870,835.89. This represents a 6.19 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

DEA has been the topic of several recent research reports. Truist Financial cut their target price on Easterly Government Properties from $14.00 to $13.00 and set a "hold" rating on the stock in a report on Friday, December 6th. Jefferies Financial Group lowered their target price on Easterly Government Properties from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Finally, StockNews.com upgraded shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a report on Tuesday.

Easterly Government Properties Stock Performance

DEA traded up $0.07 during trading on Tuesday, hitting $11.38. 1,022,830 shares of the company traded hands, compared to its average volume of 1,009,391. The firm has a market cap of $1.23 billion, a P/E ratio of 63.24 and a beta of 0.70. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. Easterly Government Properties, Inc. has a one year low of $10.45 and a one year high of $14.53. The stock's fifty day moving average is $11.19 and its 200 day moving average is $12.39.

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

Easterly Government Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.265 per share. The ex-dividend date is Wednesday, March 5th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.32%. Easterly Government Properties's dividend payout ratio (DPR) is presently 557.89%.

About Easterly Government Properties

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.