Pekin Hardy Strauss Inc. Acquires 22,857 Shares of Easterly Government Properties, Inc. $DEA

Pekin Hardy Strauss Inc. lifted its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 9.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 256,166 shares of the real estate investment trust’s stock after acquiring an additional 22,857 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Easterly Government Properties were worth $5,874,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Millennium Management LLC lifted its holdings in Easterly Government Properties by 1,759.2% during the 1st quarter. Millennium Management LLC now owns 1,000,176 shares of the real estate investment trust’s stock valued at $10,602,000 after purchasing an additional 946,381 shares during the last quarter. Kennedy Capital Management LLC bought a new position in shares of Easterly Government Properties in the second quarter valued at about $5,124,000. Thrivent Financial for Lutherans lifted its stake in shares of Easterly Government Properties by 249.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 254,659 shares of the real estate investment trust’s stock worth $5,653,000 after buying an additional 181,732 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Easterly Government Properties by 124.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 185,615 shares of the real estate investment trust’s stock worth $4,121,000 after buying an additional 103,008 shares during the period. Finally, AXA S.A. bought a new stake in shares of Easterly Government Properties during the 2nd quarter worth about $2,084,000. 86.51% of the stock is owned by institutional investors and hedge funds.

Easterly Government Properties Price Performance

Shares of NYSE DEA opened at $23.75 on Friday. The business has a fifty day moving average price of $22.68 and a two-hundred day moving average price of $22.35. The stock has a market capitalization of $1.10 billion, a PE ratio of 77.87 and a beta of 0.96. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.47 and a quick ratio of 3.47. Easterly Government Properties, Inc. has a fifty-two week low of $19.33 and a fifty-two week high of $29.49.

Easterly Government Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend is Thursday, March 5th. Easterly Government Properties’s dividend payout ratio (DPR) is currently 600.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 3rd. Wall Street Zen upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, Truist Financial reduced their price target on Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Monday, November 24th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $24.99.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc is a real estate investment trust that specializes in the acquisition, development and management of commercial properties leased to U.S. government agencies. Structured as a triple-net lease REIT, the company focuses on single-tenant assets with long-term, credit-backed leases that transfer most property-level responsibilities—including taxes, insurance and maintenance—to its government tenants.

The firm’s portfolio encompasses a variety of facility types, including office buildings, training centers, laboratories and mission-critical installations used by federal agencies.