Pacer Advisors Inc. purchased a new stake in shares of Easterly Government Properties, Inc. (NYSE:DEA – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 396,834 shares of the real estate investment trust’s stock, valued at approximately $8,409,000. Pacer Advisors Inc. owned about 0.86% of Easterly Government Properties as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in DEA. 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. Vanguard Group Inc. lifted its holdings in Easterly Government Properties by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 4,831,169 shares of the real estate investment trust’s stock valued at $102,372,000 after purchasing an additional 167,092 shares during the last quarter. AXA S.A. bought a new position in Easterly Government Properties during the 2nd quarter valued at about $2,084,000. Jane Street Group LLC lifted its holdings in Easterly Government Properties by 271.5% during the 1st quarter. Jane Street Group LLC now owns 115,677 shares of the real estate investment trust’s stock valued at $1,226,000 after purchasing an additional 84,536 shares during the last quarter. Finally, Dark Forest Capital Management LP lifted its holdings in Easterly Government Properties by 128.7% during the 3rd quarter. Dark Forest Capital Management LP now owns 128,675 shares of the real estate investment trust’s stock valued at $2,951,000 after purchasing an additional 72,421 shares during the last quarter. 86.51% of the stock is owned by institutional investors.
Easterly Government Properties Trading Up 0.0%
Shares of NYSE DEA opened at $22.99 on Thursday. Easterly Government Properties, Inc. has a 1-year low of $20.56 and a 1-year high of $24.94. The company has a market cap of $1.07 billion, a PE ratio of 95.78 and a beta of 0.98. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average of $22.59 and a two-hundred day moving average of $22.42.
Easterly Government Properties Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 7.8%. Easterly Government Properties’s payout ratio is currently 750.00%.
Analyst Ratings Changes
A number of equities analysts have weighed in on DEA shares. Wall Street Zen downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings downgraded shares of Easterly Government Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Royal Bank Of Canada boosted their target price on shares of Easterly Government Properties from $21.00 to $22.00 and gave the stock an “underperform” rating in a research note on Monday, March 2nd. Finally, Truist Financial dropped their target price on shares of Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $23.49.
Check Out Our Latest Stock Report on DEA
About Easterly Government Properties
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.
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