ClearAlpha Technologies LP Makes New Investment in Easterly Government Properties, Inc. (NYSE:DEA)

ClearAlpha Technologies LP acquired a new stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 34,712 shares of the real estate investment trust’s stock, valued at approximately $471,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DEA. GAMMA Investing LLC boosted its stake in Easterly Government Properties by 56.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,086 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake 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 purchasing an additional 997 shares during the last quarter. KBC Group NV lifted its holdings in shares of Easterly Government Properties by 62.4% in 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. National Bank of Canada FI purchased a new position in shares of Easterly Government Properties during the second quarter valued at approximately $115,000. Finally, Signaturefd LLC grew its holdings in Easterly Government Properties by 34.6% during the second quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 2,563 shares in the last quarter. 86.51% of the stock is owned by institutional investors.

Easterly Government Properties Stock Performance

Shares of DEA opened at $12.32 on Monday. The stock has a 50 day moving average of $13.29 and a 200 day moving average of $13.03. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 68.44 and a beta of 0.72. Easterly Government Properties, Inc. has a 12 month low of $10.94 and a 12 month high of $14.52. 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 released its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.24). The business had revenue of $74.78 million for the quarter, compared to the consensus estimate of $74.98 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 earnings per share. As a group, sell-side analysts forecast that Easterly Government Properties, Inc. will post 1.15 earnings per share for the current year.

Easterly Government Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 8.60%. The ex-dividend date was Friday, November 15th. Easterly Government Properties’s dividend payout ratio is currently 588.89%.

Analysts Set New Price Targets

DEA has been the topic of several recent analyst reports. StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Truist Financial increased their target price on shares of Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a report on Thursday, August 29th. Finally, Jefferies Financial Group upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $13.00 to $15.00 in a report on Monday, October 14th.

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.