Raymond James & Associates Has $1.78 Million Position in Easterly Government Properties, Inc. (NYSE:DEA)

Raymond James & Associates cut its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 57.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 143,730 shares of the real estate investment trust’s stock after selling 190,609 shares during the quarter. Raymond James & Associates’ holdings in Easterly Government Properties were worth $1,778,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of Easterly Government Properties by 56.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,086 shares during the period. CWM LLC grew its position in shares of Easterly Government Properties by 130.9% during the 4th quarter. CWM LLC now owns 4,338 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 2,459 shares during the period. Security National Bank bought a new stake in shares of Easterly Government Properties in the 4th quarter valued at about $86,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Easterly Government Properties in the 1st quarter valued at approximately $89,000. Finally, Newbridge Financial Services Group Inc. raised its position in shares of Easterly Government Properties by 879.9% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 9,338 shares of the real estate investment trust’s stock valued at $107,000 after acquiring an additional 8,385 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analysts Set New Price Targets

DEA has been the subject of several recent analyst reports. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Monday, August 26th. Truist Financial upped their price objective on shares of Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Thursday, August 29th.

Easterly Government Properties Trading Up 1.0 %

NYSE:DEA opened at $13.25 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 3.57 and a quick ratio of 3.57. The business’s 50-day simple moving average is $13.25 and its 200-day simple moving average is $12.26. Easterly Government Properties, Inc. has a fifty-two week low of $10.27 and a fifty-two week high of $14.36. The stock has a market capitalization of $1.36 billion, a PE ratio of 66.23 and a beta of 0.71.

Easterly Government Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.265 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.06 annualized dividend and a yield of 8.00%. Easterly Government Properties’s dividend payout ratio (DPR) is currently 530.00%.

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.