Quantinno Capital Management LP Takes $142,000 Position in Easterly Government Properties, Inc. (NYSE:DEA)

Quantinno Capital Management LP bought a new position in shares of Easterly Government Properties, Inc. (NYSE:DEA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,442 shares of the real estate investment trust’s stock, valued at approximately $142,000.

Other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in Easterly Government Properties by 35.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 997 shares in the last quarter. GAMMA Investing LLC raised its holdings in Easterly Government Properties by 29.1% during the third quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 875 shares in the last quarter. KBC Group NV boosted its position in Easterly Government Properties by 62.4% during the third quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 2,014 shares during the last quarter. National Bank of Canada FI acquired a new position in Easterly Government Properties during the second quarter valued at approximately $115,000. Finally, Signaturefd LLC grew its stake in Easterly Government Properties by 34.6% in the second quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 2,563 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Easterly Government Properties Stock Performance

Shares of NYSE DEA opened at $11.63 on Wednesday. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $1.23 billion, a P/E ratio of 64.58 and a beta of 0.69. Easterly Government Properties, Inc. has a 12 month low of $10.94 and a 12 month high of $14.52. The stock has a 50 day moving average of $12.90 and a 200-day moving average of $13.03.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.24). The company had revenue of $74.78 million for the quarter, compared to the consensus estimate of $74.98 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $0.29 earnings per share. As a group, equities research analysts predict that Easterly Government Properties, Inc. will post 1.16 EPS for the current year.

Easterly Government Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a dividend of $0.265 per share. The ex-dividend date was Friday, November 15th. This represents a $1.06 annualized dividend and a yield of 9.12%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 588.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Truist Financial cut their price target on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, December 6th. Finally, Jefferies Financial Group upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $13.00 to $15.00 in a research note on Monday, October 14th.

About Easterly Government Properties

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.