Xcel Wealth Management LLC Increases Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Xcel Wealth Management LLC lifted its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 413,352 shares of the real estate investment trust’s stock after purchasing an additional 20,129 shares during the quarter. Easterly Government Properties accounts for about 1.3% of Xcel Wealth Management LLC’s investment portfolio, making the stock its 20th biggest holding. Xcel Wealth Management LLC owned 0.39% of Easterly Government Properties worth $4,696,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in Easterly Government Properties during the third quarter valued at $856,000. Barclays PLC increased its position in Easterly Government Properties by 324.6% during the third quarter. Barclays PLC now owns 165,212 shares of the real estate investment trust’s stock valued at $2,244,000 after acquiring an additional 126,306 shares during the last quarter. Kempner Capital Management Inc. increased its position in Easterly Government Properties by 23.7% during the fourth quarter. Kempner Capital Management Inc. now owns 317,980 shares of the real estate investment trust’s stock valued at $3,612,000 after acquiring an additional 60,840 shares during the last quarter. Asset Management One Co. Ltd. increased its position in Easterly Government Properties by 2.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 143,148 shares of the real estate investment trust’s stock valued at $1,600,000 after acquiring an additional 3,310 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Easterly Government Properties by 3.5% during the third 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. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

DEA has been the subject of a number of research reports. Jefferies Financial Group reduced their price objective on Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. StockNews.com lowered Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Finally, Truist Financial cut their price target on 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 Stock Performance

NYSE:DEA opened at $11.28 on Friday. The stock has a 50-day simple moving average of $11.18 and a two-hundred day simple moving average of $12.42. Easterly Government Properties, Inc. has a 52-week low of $10.45 and a 52-week high of $14.52. 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 has a market capitalization of $1.22 billion, a PE ratio of 62.67 and a beta of 0.70.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.22. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The business had revenue of $78.25 million during the quarter, compared to analyst estimates of $79.49 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. Easterly Government Properties’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts forecast that Easterly Government Properties, Inc. will post 1.17 EPS for the current year.

Easterly Government Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.40%. The ex-dividend date of this dividend is Wednesday, March 5th. Easterly Government Properties’s dividend payout ratio (DPR) is 557.89%.

Insider Transactions at Easterly Government Properties

In other Easterly Government Properties news, CEO Darrell W. Crate acquired 10,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of $10.91 per share, with a total value of $109,100.00. Following the completion of the purchase, the chief executive officer now directly owns 171,479 shares in the company, valued at approximately $1,870,835.89. The trade was a 6.19 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.10% of the company’s stock.

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.