Prospera Financial Services Inc Grows Stock Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Prospera Financial Services Inc grew its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 51.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,713 shares of the real estate investment trust’s stock after purchasing an additional 6,690 shares during the quarter. Prospera Financial Services Inc’s holdings in Easterly Government Properties were worth $268,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DEA. GAMMA Investing LLC raised its position in Easterly Government Properties by 56.6% in the 2nd 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 period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Easterly Government Properties by 35.6% in the third 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 period. KBC Group NV lifted its stake in shares of Easterly Government Properties by 62.4% in the 3rd quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 2,014 shares during the last quarter. National Bank of Canada FI purchased a new stake in Easterly Government Properties during the 2nd quarter valued at about $115,000. Finally, Signaturefd LLC grew its position in Easterly Government Properties by 34.6% during the 2nd quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 2,563 shares during the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DEA has been the subject of a number of analyst reports. Truist Financial increased their price objective on Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Thursday, August 29th. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group upgraded 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.

Easterly Government Properties Price Performance

DEA opened at $12.48 on Tuesday. 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 stock has a market capitalization of $1.32 billion, a PE ratio of 69.33 and a beta of 0.72. The stock’s 50 day moving average price is $13.40 and its 200-day moving average price is $13.02. Easterly Government Properties, Inc. has a 52-week low of $10.94 and a 52-week high of $14.52.

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

Easterly Government Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be given a dividend of $0.265 per share. The ex-dividend date is Friday, November 15th. This represents a $1.06 annualized dividend and a yield of 8.49%. Easterly Government Properties’s payout ratio is 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.