M&R Capital Management Inc. trimmed its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 3.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,315 shares of the real estate investment trust’s stock after selling 680 shares during the period. M&R Capital Management Inc.’s holdings in Easterly Government Properties were worth $441,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in DEA. Meeder Asset Management Inc. boosted its position in shares of Easterly Government Properties by 543.7% in the 4th quarter. Meeder Asset Management Inc. now owns 1,178 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 995 shares during the period. Fieldpoint Private Securities LLC acquired a new stake in Easterly Government Properties in the 4th quarter valued at approximately $32,000. Van ECK Associates Corp grew its holdings in shares of Easterly Government Properties by 30.9% during the 3rd quarter. Van ECK Associates Corp now owns 2,413 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 570 shares in the last quarter. Private Capital Group LLC grew its holdings in shares of Easterly Government Properties by 19.7% during the 4th quarter. Private Capital Group LLC now owns 2,631 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 433 shares in the last quarter. Finally, Veriti Management LLC bought a new position in shares of Easterly Government Properties during the 4th quarter worth approximately $61,000. 95.91% of the stock is owned by institutional investors and hedge funds.
DEA has been the subject of a number of recent research reports. Smith Barney Citigroup upgraded Easterly Government Properties from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 15th. BMO Capital Markets started coverage on Easterly Government Properties in a report on Wednesday, December 23rd. They set an “outperform” rating and a $26.00 target price on the stock. Zacks Investment Research lowered Easterly Government Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, January 13th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised Easterly Government Properties from a “neutral” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Tuesday, December 15th. Finally, Raymond James raised their target price on Easterly Government Properties from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, March 3rd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $25.50.
Shares of NYSE:DEA opened at $20.90 on Thursday. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 149.29 and a beta of 0.45. The company has a 50-day moving average price of $21.43 and a 200-day moving average price of $22.00. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.69. Easterly Government Properties, Inc. has a 12 month low of $20.32 and a 12 month high of $29.69.
Easterly Government Properties (NYSE:DEA) last announced its earnings results on Wednesday, February 24th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.28). Easterly Government Properties had a net margin of 4.60% and a return on equity of 0.89%. As a group, research analysts forecast that Easterly Government Properties, Inc. will post 1.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 17th. Stockholders of record on Friday, March 5th were given a dividend of $0.26 per share. The ex-dividend date was Thursday, March 4th. This represents a $1.04 annualized dividend and a dividend yield of 4.98%. Easterly Government Properties’s payout ratio is 86.67%.
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.
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