31,620 Shares in Easterly Government Properties, Inc. (NYSE:DEA) Bought by Magnetar Financial LLC

Magnetar Financial LLC purchased a new stake in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 31,620 shares of the real estate investment trust's stock, valued at approximately $359,000.

Other hedge funds also recently modified their holdings of the company. KBC Group NV grew its holdings 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 worth $71,000 after purchasing an additional 2,014 shares during the last quarter. Prospera Financial Services Inc grew its holdings in Easterly Government Properties by 51.4% during the 3rd quarter. Prospera Financial Services Inc now owns 19,713 shares of the real estate investment trust's stock worth $268,000 after acquiring an additional 6,690 shares during the last quarter. Intech Investment Management LLC acquired a new position in Easterly Government Properties in the 3rd quarter valued at approximately $312,000. Charles Schwab Investment Management Inc. raised its stake in shares of Easterly Government Properties by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,909,257 shares of the real estate investment trust's stock valued at $25,928,000 after acquiring an additional 15,868 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in shares of Easterly Government Properties by 23.0% during the third quarter. Penserra Capital Management LLC now owns 83,829 shares of the real estate investment trust's stock worth $1,138,000 after purchasing an additional 15,655 shares during the period. Institutional investors and hedge funds own 86.51% of the company's stock.

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Easterly Government Properties Trading Up 0.1 %

NYSE DEA traded up $0.02 during trading hours on Thursday, hitting $10.57. 953,373 shares of the company's stock were exchanged, compared to its average volume of 1,051,395. Easterly Government Properties, Inc. has a 1-year low of $10.18 and a 1-year high of $14.53. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07. The stock has a 50-day simple moving average of $10.96 and a 200 day simple moving average of $12.08. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 58.69 and a beta of 0.73.

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 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.22. The company had revenue of $78.25 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 EPS. On average, equities analysts forecast that Easterly Government Properties, Inc. will post 1.17 EPS 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 given a dividend of $0.265 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 10.03%. Easterly Government Properties's dividend payout ratio (DPR) is presently 557.89%.

Wall Street Analyst Weigh In

DEA has been the subject of a number of recent research reports. Jefferies Financial Group assumed coverage on Easterly Government Properties in a report on Monday, March 17th. They issued a "buy" rating and a $13.00 price objective for the company. StockNews.com upgraded Easterly Government Properties from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. Royal Bank of Canada reduced their target price 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. Finally, Truist Financial lowered their price target on shares of Easterly Government Properties from $14.00 to $13.00 and set a "hold" rating for the company in a report on Friday, December 6th.

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.