Proficio Capital Partners LLC Buys Shares of 23,527 Easterly Government Properties, Inc. (NYSE:DEA)

Proficio Capital Partners LLC purchased a new position in Easterly Government Properties, Inc. (NYSE:DEA) in the fourth quarter, Holdings Channel.com reports. The firm purchased 23,527 shares of the real estate investment trust’s stock, valued at approximately $267,000.

Several other hedge funds have also recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new stake in Easterly Government Properties in the 3rd quarter worth approximately $856,000. Barclays PLC boosted its stake in shares of Easterly Government Properties by 324.6% in the 3rd quarter. Barclays PLC now owns 165,212 shares of the real estate investment trust’s stock worth $2,244,000 after buying an additional 126,306 shares during the last quarter. Kempner Capital Management Inc. grew its holdings in shares of Easterly Government Properties by 23.7% in the fourth quarter. Kempner Capital Management Inc. now owns 317,980 shares of the real estate investment trust’s stock worth $3,612,000 after acquiring an additional 60,840 shares during the period. Asset Management One Co. Ltd. increased its position in Easterly Government Properties by 2.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 143,148 shares of the real estate investment trust’s stock valued at $1,600,000 after acquiring an additional 3,310 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Easterly Government Properties by 3.5% during the third quarter. The Manufacturers Life Insurance Company now owns 48,846 shares of the real estate investment trust’s stock valued at $663,000 after acquiring an additional 1,637 shares during the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Easterly Government Properties Stock Up 1.0 %

DEA stock opened at $10.56 on Thursday. The business’s 50-day moving average price is $10.96 and its 200-day moving average price is $12.08. The stock has a market cap of $1.14 billion, a P/E ratio of 58.64 and a beta of 0.73. The company has a quick ratio of 4.01, a current 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.

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

Easterly Government Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were issued a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 10.04%. The ex-dividend date was Wednesday, March 5th. Easterly Government Properties’s dividend payout ratio is currently 557.89%.

Wall Street Analysts Forecast Growth

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

Easterly Government Properties Company 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.