Segall Bryant & Hamill LLC bought a new stake in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 116,394 shares of the real estate investment trust's stock, valued at approximately $1,322,000. Segall Bryant & Hamill LLC owned approximately 0.11% of Easterly Government Properties at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in Easterly Government Properties during the fourth quarter valued at about $97,000. Inceptionr LLC acquired a new stake in Easterly Government Properties in the 4th quarter worth approximately $122,000. Metis Global Partners LLC bought a new position in shares of Easterly Government Properties in the fourth quarter valued at approximately $126,000. Quantinno Capital Management LP acquired a new stake in shares of Easterly Government Properties in the third quarter worth $142,000. Finally, Glenmede Trust Co. NA boosted its holdings in shares of 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 buying an additional 3,592 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Truist Financial dropped their price objective on Easterly Government Properties from $14.00 to $13.00 and set a "hold" rating on the stock in a research note on Friday, December 6th. Royal Bank of Canada reduced their price target on shares of Easterly Government Properties from $12.00 to $11.00 and set an "underperform" rating for the company in a report on Monday, March 10th. StockNews.com upgraded shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Jefferies Financial Group started coverage on shares of Easterly Government Properties in a research report on Monday, March 17th. They set a "buy" rating and a $13.00 price objective for the company.
Check Out Our Latest Stock Analysis on DEA
Easterly Government Properties Price Performance
Shares of DEA stock traded up $0.01 during mid-day trading on Wednesday, reaching $10.58. The company's stock had a trading volume of 252,686 shares, compared to its average volume of 1,405,181. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.01 and a current ratio of 4.01. The firm's 50-day moving average is $10.88 and its two-hundred day moving average is $11.99. 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 cap of $1.14 billion, a P/E ratio of 58.81 and a beta of 0.73.
Easterly Government Properties (NYSE:DEA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.22. The firm had revenue of $78.25 million during the quarter, compared to analysts' expectations of $79.49 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 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share. On average, research analysts predict that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current year.
Easterly Government Properties Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were paid a $0.265 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.06 annualized dividend and a dividend yield of 10.02%. Easterly Government Properties's dividend payout ratio is presently 557.89%.
About Easterly Government Properties
(
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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