Virtu Financial LLC Takes $309,000 Position in Easterly Government Properties, Inc. (NYSE:DEA)

Virtu Financial LLC acquired a new stake in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 27,186 shares of the real estate investment trust's stock, valued at approximately $309,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DEA. Intech Investment Management LLC acquired a new position in shares of Easterly Government Properties in the third quarter valued at approximately $312,000. Charles Schwab Investment Management Inc. grew its stake in Easterly Government Properties by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,909,257 shares of the real estate investment trust's stock worth $25,928,000 after acquiring an additional 15,868 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Easterly Government Properties by 3.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 48,846 shares of the real estate investment trust's stock valued at $663,000 after acquiring an additional 1,637 shares during the last quarter. Glenmede Trust Co. NA lifted its stake 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 purchasing an additional 3,592 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Easterly Government Properties by 18.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 98,673 shares of the real estate investment trust's stock valued at $1,340,000 after purchasing an additional 15,678 shares during the period. Hedge funds and other institutional investors own 86.51% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on DEA shares. StockNews.com raised Easterly Government Properties from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. Truist Financial lowered their target price 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. Royal Bank of Canada cut their price target on shares of Easterly Government Properties from $12.00 to $11.00 and set an "underperform" rating on the stock in a research note on Monday, March 10th. Finally, 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 objective for the company.

Easterly Government Properties Trading Down 0.3 %

DEA stock traded down $0.04 during midday trading on Tuesday, reaching $10.57. 1,118,765 shares of the company's stock traded hands, compared to its average volume of 1,089,727. The company has a market capitalization of $1.14 billion, a P/E ratio of 58.69 and a beta of 0.73. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01. Easterly Government Properties, Inc. has a fifty-two week low of $10.18 and a fifty-two week high of $14.53. The business has a 50-day moving average price of $10.88 and a two-hundred day moving average price of $11.99.

Easterly Government Properties (NYSE:DEA - Get Free Report) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 EPS for the quarter, beating 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 business had revenue of $78.25 million for the quarter, compared to the consensus estimate of $79.49 million. During the same quarter last year, the firm posted $0.28 EPS. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research 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 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 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 currently 557.89%.

Easterly Government Properties Company 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.