Quantbot Technologies LP Invests $97,000 in Easterly Government Properties, Inc. (NYSE:DEA)

Quantbot Technologies LP purchased a new stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,582 shares of the real estate investment trust’s stock, valued at approximately $97,000.

Several other institutional investors have also added to or reduced their stakes in the company. Inceptionr LLC bought a new position in shares of Easterly Government Properties during the 4th quarter valued at approximately $122,000. Metis Global Partners LLC bought a new position in Easterly Government Properties during the fourth quarter valued at $126,000. Quantinno Capital Management LP purchased a new position in shares of Easterly Government Properties in the 3rd quarter worth $142,000. Glenmede Trust Co. NA increased its holdings in shares of 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 buying an additional 3,592 shares during the last quarter. Finally, Truist Financial Corp raised its position in shares of Easterly Government Properties by 7.9% during the 4th quarter. Truist Financial Corp now owns 21,435 shares of the real estate investment trust’s stock valued at $243,000 after buying an additional 1,574 shares in 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 topic of several analyst reports. Jefferies Financial Group assumed coverage on Easterly Government Properties in a research note on Monday, March 17th. They set a “buy” rating and a $13.00 price objective on the stock. Royal Bank of Canada decreased their price target 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. Truist Financial dropped their price objective 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. Finally, StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th.

Easterly Government Properties Price Performance

DEA opened at $10.61 on Tuesday. The business has a fifty day moving average of $10.91 and a 200 day moving average of $12.01. The stock has a market cap of $1.15 billion, a P/E ratio of 58.92 and a beta of 0.73. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. Easterly Government Properties, Inc. has a 52-week low of $10.18 and a 52-week high of $14.53.

Easterly Government Properties (NYSE:DEA) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.22. The business had revenue of $78.25 million during the quarter, compared to the consensus estimate of $79.49 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. As a group, sell-side analysts anticipate that Easterly Government Properties, Inc. will post 1.17 EPS for the current year.

Easterly Government Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 10.00%. The ex-dividend date of this dividend was Wednesday, March 5th. Easterly Government Properties’s dividend payout ratio is presently 557.89%.

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.