Avantax Advisory Services Inc. Acquires 12,452 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

Avantax Advisory Services Inc. boosted its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 101.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,716 shares of the real estate investment trust’s stock after acquiring an additional 12,452 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Easterly Government Properties were worth $281,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DEA. Quantinno Capital Management LP bought a new position in Easterly Government Properties in the 3rd quarter worth approximately $142,000. Inceptionr LLC bought a new position in shares of Easterly Government Properties in the 4th quarter worth $122,000. Metis Global Partners LLC purchased a new position in Easterly Government Properties in the fourth quarter worth $126,000. Glenmede Trust Co. NA boosted its stake in Easterly Government Properties by 29.3% in 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 in the last quarter. Finally, Prospera Financial Services Inc lifted its holdings in shares of Easterly Government Properties by 51.4% during the third quarter. Prospera Financial Services Inc now owns 19,713 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 6,690 shares during the period. Institutional investors own 86.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on DEA shares. Truist Financial decreased 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 research note on Friday, December 6th. Jefferies Financial Group assumed coverage on Easterly Government Properties in a report on Monday, March 17th. They set a “buy” rating and a $13.00 price target on the stock. StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, Royal Bank of Canada dropped their target price on Easterly Government Properties from $12.00 to $11.00 and set an “underperform” rating on the stock in a report on Monday, March 10th.

Easterly Government Properties Trading Down 1.1 %

Shares of DEA stock opened at $10.47 on Wednesday. The firm has a 50-day moving average price of $10.98 and a 200 day moving average price of $12.09. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07. Easterly Government Properties, Inc. has a twelve month low of $10.18 and a twelve month high of $14.53. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 58.17 and a beta of 0.73.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $78.25 million during the quarter, compared to analyst estimates of $79.49 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Research analysts forecast that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current fiscal year.

Easterly Government Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 10.12%. The ex-dividend date was Wednesday, March 5th. Easterly Government Properties’s dividend payout ratio 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.