Kempner Capital Management Inc. trimmed its holdings in Easterly Government Properties, Inc. (NYSE:DEA – Free Report) by 45.7% during the third quarter, Holdings Channel reports. The firm owned 105,712 shares of the real estate investment trust’s stock after selling 88,957 shares during the quarter. Easterly Government Properties comprises about 2.0% of Kempner Capital Management Inc.’s holdings, making the stock its 24th largest position. Kempner Capital Management Inc.’s holdings in Easterly Government Properties were worth $2,424,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in DEA. EverSource Wealth Advisors LLC increased its holdings in 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 in the last quarter. Allworth Financial LP grew its position in shares of Easterly Government Properties by 223.9% during the 2nd quarter. Allworth Financial LP now owns 1,778 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 1,229 shares during the period. NewEdge Advisors LLC increased its stake in shares of 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. Nissay Asset Management Corp Japan ADV increased its stake in shares of Easterly Government Properties by 3.2% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,197 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 465 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Easterly Government Properties during the 1st quarter valued at $193,000. Institutional investors own 86.51% of the company’s stock.
Easterly Government Properties Trading Up 0.1%
NYSE:DEA opened at $21.33 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.47 and a quick ratio of 3.47. Easterly Government Properties, Inc. has a one year low of $19.33 and a one year high of $29.74. The company has a market cap of $983.30 million, a PE ratio of 69.92 and a beta of 0.96. The firm has a 50-day moving average of $21.65 and a 200-day moving average of $22.29.
Easterly Government Properties Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Friday, November 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 8.4%. Easterly Government Properties’s payout ratio is presently 600.00%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Easterly Government Properties in a report on Monday. New Street Research set a $20.00 target price on Easterly Government Properties in a research note on Monday, October 13th. Compass Point set a $26.45 target price on Easterly Government Properties and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, Truist Financial cut their price target on Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating on the stock in a report on Monday, November 24th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Easterly Government Properties has an average rating of “Hold” and an average target price of $24.99.
View Our Latest Research Report on DEA
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.
Featured Stories
- Five stocks we like better than Easterly Government Properties
- Do not delete, read immediately
- INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off
- Can Any Expenses Be Deducted From Capital Gains Tax?
- Do you know what Amazon is planning for January 1?
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
Want to see what other hedge funds are holding DEA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Easterly Government Properties, Inc. (NYSE:DEA – Free Report).
Receive News & Ratings for Easterly Government Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Easterly Government Properties and related companies with MarketBeat.com's FREE daily email newsletter.
