Quantbot Technologies LP Takes $97,000 Position in Easterly Government Properties, Inc. (NYSE:DEA)

Quantbot Technologies LP acquired a new position in Easterly Government Properties, Inc. (NYSE:DEA) in the fourth quarter, HoldingsChannel reports. The fund acquired 8,582 shares of the real estate investment trust’s stock, valued at approximately $97,000.

A number of other hedge funds also recently added to or reduced their stakes in DEA. Virtu Financial LLC purchased a new stake in Easterly Government Properties during the fourth quarter worth $309,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Easterly Government Properties by 39.3% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 52,596 shares of the real estate investment trust’s stock valued at $597,000 after purchasing an additional 14,852 shares in the last quarter. Magnetar Financial LLC bought a new stake in Easterly Government Properties during the fourth quarter valued at about $359,000. Intech Investment Management LLC grew its stake in Easterly Government Properties by 157.6% in the fourth quarter. Intech Investment Management LLC now owns 59,187 shares of the real estate investment trust’s stock valued at $672,000 after purchasing an additional 36,210 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in Easterly Government Properties by 101.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 24,716 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 12,452 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DEA. Truist Financial lowered their price target on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, December 6th. Jefferies Financial Group began coverage on shares of Easterly Government Properties in a report on Monday, March 17th. They issued a “buy” rating and a $13.00 price target on the stock. StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, Royal Bank of Canada dropped their target price on Easterly Government Properties from $12.00 to $11.00 and set an “underperform” rating on the stock in a research note on Monday, March 10th.

Easterly Government Properties Stock Up 0.3 %

NYSE:DEA opened at $10.61 on Tuesday. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07. Easterly Government Properties, Inc. has a twelve month low of $10.18 and a twelve month high of $14.53. The company has a market cap of $1.15 billion, a PE ratio of 58.92 and a beta of 0.73. The company’s 50 day moving average is $10.91 and its two-hundred day moving average is $12.01.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.22. The firm had revenue of $78.25 million for the quarter, compared to analyst estimates of $79.49 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. Analysts anticipate that Easterly Government Properties, Inc. will post 1.17 EPS for the current year.

Easterly Government Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 10.00%. The ex-dividend date was Wednesday, March 5th. Easterly Government Properties’s payout ratio is 557.89%.

Easterly Government Properties Profile

Easterly Government Properties, Inc (NYSE: DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.