23,527 Shares in Easterly Government Properties, Inc. (NYSE:DEA) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in Easterly Government Properties, Inc. (NYSE:DEA) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm 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 also recently modified their holdings of the stock. Rhumbline Advisers raised its holdings in shares of Easterly Government Properties by 0.3% during the fourth quarter. Rhumbline Advisers now owns 321,908 shares of the real estate investment trust’s stock valued at $3,657,000 after acquiring an additional 1,071 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Easterly Government Properties by 2.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 48,000 shares of the real estate investment trust’s stock worth $545,000 after buying an additional 1,200 shares in the last quarter. Truist Financial Corp lifted its holdings in Easterly Government Properties by 7.9% in the fourth quarter. Truist Financial Corp now owns 21,435 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 1,574 shares during the period. Illinois Municipal Retirement Fund grew its holdings in shares of Easterly Government Properties by 3.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 54,255 shares of the real estate investment trust’s stock worth $616,000 after acquiring an additional 1,616 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Easterly Government Properties by 3.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 48,846 shares of the real estate investment trust’s stock worth $663,000 after acquiring an additional 1,637 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Trading Up 1.0 %

NYSE DEA opened at $10.56 on Thursday. Easterly Government Properties, Inc. has a 12 month low of $10.18 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. The stock’s fifty day moving average price is $10.96 and its 200-day moving average price is $12.08. The stock has a market cap of $1.14 billion, a P/E ratio of 58.64 and a beta of 0.73.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.29 EPS for the quarter, beating the consensus estimate of $0.07 by $0.22. The company had revenue of $78.25 million for the quarter, compared to the consensus estimate of $79.49 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. Easterly Government Properties’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. As a group, equities analysts forecast that Easterly Government Properties, Inc. will post 1.17 EPS for the current fiscal year.

Easterly Government Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.265 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.06 annualized dividend and a yield of 10.04%. Easterly Government Properties’s dividend payout ratio is 557.89%.

Analysts Set New Price Targets

Several research firms recently weighed in on DEA. Royal Bank of Canada dropped their price target on Easterly Government Properties from $12.00 to $11.00 and set an “underperform” rating on the stock in a research report on Monday, March 10th. Truist Financial decreased their price target 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 started coverage on shares of 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. 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.

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.