Pacer Advisors Inc. Makes New $8.41 Million Investment in Easterly Government Properties, Inc. $DEA

Pacer Advisors Inc. purchased a new stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 396,834 shares of the real estate investment trust’s stock, valued at approximately $8,409,000.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in shares of Easterly Government Properties by 215.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 772 shares during the period. Parallel Advisors LLC boosted its stake in Easterly Government Properties by 318.2% during the 3rd quarter. Parallel Advisors LLC now owns 1,334 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,015 shares during the period. Colonial Trust Co SC bought a new stake in Easterly Government Properties during the 4th quarter valued at approximately $34,000. US Bancorp DE boosted its stake in Easterly Government Properties by 237.9% during the 3rd quarter. US Bancorp DE now owns 1,757 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,237 shares during the period. Finally, Danske Bank A S acquired a new stake in Easterly Government Properties in the 4th quarter valued at approximately $44,000. 86.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Weiss Ratings raised Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Royal Bank Of Canada increased their price objective on Easterly Government Properties from $21.00 to $22.00 and gave the company an “underperform” rating in a research report on Monday, March 2nd. 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. Finally, Truist Financial dropped their target price on shares of Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating on the stock in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $23.49.

Easterly Government Properties Stock Down 0.3%

Shares of NYSE DEA opened at $23.08 on Monday. The stock has a market cap of $1.07 billion, a PE ratio of 96.17 and a beta of 0.98. The business has a fifty day moving average of $23.48 and a two-hundred day moving average of $22.83. Easterly Government Properties, Inc. has a 52-week low of $20.56 and a 52-week high of $24.94. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.8%. Easterly Government Properties’s dividend payout ratio (DPR) is 750.00%.

Easterly Government Properties 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.