Easterly Government Properties, Inc. (NYSE:DEA) Stake Increased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,932,660 shares of the real estate investment trust’s stock after acquiring an additional 79,400 shares during the quarter. Victory Capital Management Inc.’s holdings in Easterly Government Properties were worth $26,246,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Easterly Government Properties by 56.6% during the second quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,086 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Easterly Government Properties by 35.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 997 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Easterly Government Properties in the 1st quarter valued at approximately $89,000. National Bank of Canada FI acquired a new stake in shares of Easterly Government Properties during the 2nd quarter valued at approximately $115,000. Finally, Signaturefd LLC lifted its stake in Easterly Government Properties by 34.6% during the second quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 2,563 shares during the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Jefferies Financial Group raised shares of Easterly Government Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $13.00 to $15.00 in a research report on Monday, October 14th. Finally, Truist Financial raised their target price on shares of Easterly Government Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Thursday, August 29th.

Easterly Government Properties Price Performance

Shares of NYSE DEA opened at $12.06 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01. The firm has a market capitalization of $1.27 billion, a PE ratio of 67.00 and a beta of 0.72. Easterly Government Properties, Inc. has a 1-year low of $10.94 and a 1-year high of $14.52. The business’s fifty day moving average price is $13.55 and its two-hundred day moving average price is $13.01.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.24). The firm had revenue of $74.78 million during the quarter, compared to analyst estimates of $74.98 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS. On average, research analysts expect that Easterly Government Properties, Inc. will post 1.15 EPS for the current year.

Easterly Government Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.265 per share. The ex-dividend date is Friday, November 15th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 8.79%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 588.89%.

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.