Proficio Capital Partners LLC Makes New Investment in Easterly Government Properties, Inc. (NYSE:DEA)

Proficio Capital Partners LLC bought a new position in Easterly Government Properties, Inc. (NYSE:DEA) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 23,527 shares of the real estate investment trust’s stock, valued at approximately $267,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DEA. KBC Group NV boosted its stake in shares of Easterly Government Properties by 62.4% during the third quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 2,014 shares in the last quarter. Quantinno Capital Management LP bought a new position in shares of Easterly Government Properties during the third quarter valued at approximately $142,000. Glenmede Trust Co. NA boosted its stake in shares of Easterly Government Properties by 29.3% during the third quarter. Glenmede Trust Co. NA now owns 15,858 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 3,592 shares in the last quarter. Truist Financial Corp boosted its stake in shares of Easterly Government Properties by 7.9% during the fourth quarter. Truist Financial Corp now owns 21,435 shares of the real estate investment trust’s stock valued at $243,000 after purchasing an additional 1,574 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Easterly Government Properties by 9.8% during the third quarter. Van ECK Associates Corp now owns 19,066 shares of the real estate investment trust’s stock valued at $265,000 after purchasing an additional 1,696 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Easterly Government Properties Trading Down 4.0 %

NYSE DEA opened at $10.34 on Wednesday. The company has a fifty day simple moving average of $11.16 and a two-hundred day simple moving average of $12.28. The stock has a market cap of $1.12 billion, a P/E ratio of 57.42 and a beta of 0.73. Easterly Government Properties, Inc. has a 12-month low of $10.32 and a 12-month high of $14.53. 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 (NYSE:DEA) last posted its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.22. The business had revenue of $78.25 million during the quarter, compared to analysts’ expectations of $79.49 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share. On average, analysts forecast that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current year.

Easterly Government Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th will be issued a $0.265 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 10.26%. Easterly Government Properties’s dividend payout ratio is currently 557.89%.

Insider Buying and Selling

In other Easterly Government Properties news, CEO Darrell W. Crate bought 10,000 shares of Easterly Government Properties stock in a transaction that occurred on 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 acquisition, the chief executive officer now directly owns 171,479 shares in the company, valued at approximately $1,870,835.89. This trade represents a 6.19 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Truist Financial dropped their price objective on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. Jefferies Financial Group decreased their target price on shares of 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. Finally, Royal Bank of Canada decreased their target price on shares of Easterly Government Properties from $12.00 to $11.00 and set an “underperform” rating for the company in a research report on Monday.

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.