Kestra Private Wealth Services LLC Makes New $874,000 Investment in Easterly Government Properties, Inc. $DEA

Kestra Private Wealth Services LLC bought a new stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 40,794 shares of the real estate investment trust’s stock, valued at approximately $874,000.

A number of other large investors also recently made changes to their positions in DEA. Tudor Investment Corp ET AL acquired a new stake in shares of Easterly Government Properties during the third quarter worth $1,308,000. Vanguard Group Inc. boosted its holdings in Easterly Government Properties by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 4,831,169 shares of the real estate investment trust’s stock worth $102,372,000 after buying an additional 167,092 shares during the last quarter. Pacer Advisors Inc. bought a new position in Easterly Government Properties during the fourth quarter worth about $8,409,000. Victory Capital Management Inc. grew its position in shares of Easterly Government Properties by 4.7% during the 3rd quarter. Victory Capital Management Inc. now owns 742,173 shares of the real estate investment trust’s stock worth $17,018,000 after buying an additional 33,336 shares during the period. Finally, Clear Harbor Asset Management LLC acquired a new position in shares of Easterly Government Properties during the 4th quarter worth about $753,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DEA shares. Weiss Ratings upgraded shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. 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, Truist Financial lowered 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 research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.49.

Easterly Government Properties Stock Up 0.9%

Shares of DEA stock opened at $25.15 on Thursday. Easterly Government Properties, Inc. has a 12-month low of $20.56 and a 12-month high of $25.38. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.26. The firm has a fifty day moving average of $23.70 and a 200-day moving average of $22.99. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 104.80 and a beta of 0.97.

Easterly Government Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date was Thursday, May 7th. Easterly Government Properties’s dividend payout ratio is 750.00%.

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.