Thrivent Financial for Lutherans lessened its stake in Easterly Government Properties, Inc. (NYSE:DEA – Free Report) by 38.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,115 shares of the real estate investment trust’s stock after selling 79,078 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Easterly Government Properties were worth $2,736,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DEA. AQR Capital Management LLC increased its position in Easterly Government Properties by 197.5% in the 1st quarter. AQR Capital Management LLC now owns 95,596 shares of the real estate investment trust’s stock valued at $1,013,000 after acquiring an additional 63,463 shares in the last quarter. Millennium Management LLC increased its position in Easterly Government Properties by 1,759.2% in 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 acquiring an additional 946,381 shares in the last quarter. NewEdge Advisors LLC increased its position in Easterly Government Properties by 12,846.9% in the 1st quarter. NewEdge Advisors LLC now owns 10,487 shares of the real estate investment trust’s stock valued at $111,000 after acquiring an additional 10,406 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Easterly Government Properties by 1.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 714,042 shares of the real estate investment trust’s stock valued at $7,569,000 after acquiring an additional 7,785 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of 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 worth $1,226,000 after buying an additional 84,536 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.
Easterly Government Properties Stock Performance
Shares of DEA opened at $23.73 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 4.01 and a current ratio of 4.01. Easterly Government Properties, Inc. has a twelve month low of $20.56 and a twelve month high of $24.94. The firm’s 50 day moving average price is $22.70 and its two-hundred day moving average price is $22.51. The firm has a market cap of $1.10 billion, a P/E ratio of 98.88 and a beta of 0.98.
Easterly Government Properties Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend was Thursday, May 7th. Easterly Government Properties’s payout ratio is currently 750.00%.
Analyst Ratings Changes
DEA has been the subject of a number of analyst reports. Royal Bank Of Canada boosted their price objective on shares of Easterly Government Properties from $21.00 to $22.00 and gave the company an “underperform” rating in a report on Monday, March 2nd. Truist Financial decreased their price objective on shares of Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a report on Wednesday, March 11th. Wall Street Zen cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings lowered shares of Easterly Government Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $23.49.
Get Our Latest Stock Report on Easterly Government Properties
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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