Easterly Government Properties, Inc. $DEA Stock Position Raised by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 16.8% during the third quarter, HoldingsChannel.com reports. The fund owned 168,046 shares of the real estate investment trust’s stock after acquiring an additional 24,209 shares during the period. Public Sector Pension Investment Board’s holdings in Easterly Government Properties were worth $3,853,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. AlphaQuest LLC grew its stake in Easterly Government Properties by 168.4% during the 3rd quarter. AlphaQuest LLC now owns 76,774 shares of the real estate investment trust’s stock worth $1,760,000 after buying an additional 48,173 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Easterly Government Properties by 249.2% in the second quarter. Thrivent Financial for Lutherans now owns 254,659 shares of the real estate investment trust’s stock valued at $5,653,000 after buying an additional 181,732 shares during the last quarter. Pekin Hardy Strauss Inc. acquired a new position in shares of Easterly Government Properties during the second quarter valued at $5,179,000. Brookwood Investment Group LLC bought a new position in shares of Easterly Government Properties during the second quarter worth about $332,000. Finally, Russell Investments Group Ltd. grew its position in shares of Easterly Government Properties by 124.7% during the second quarter. Russell Investments Group Ltd. now owns 185,615 shares of the real estate investment trust’s stock worth $4,121,000 after acquiring an additional 103,008 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DEA has been the topic of several recent research reports. Wall Street Zen upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings upgraded shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 3rd. 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, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Easterly Government Properties presently has a consensus rating of “Hold” and a consensus target price of $24.99.

Easterly Government Properties Trading Up 1.7%

Shares of NYSE:DEA opened at $24.17 on Friday. The company has a 50 day moving average of $22.73 and a 200-day moving average of $22.36. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 1.18. The firm has a market cap of $1.11 billion, a P/E ratio of 79.25 and a beta of 0.96. Easterly Government Properties, Inc. has a twelve month low of $19.33 and a twelve month high of $29.49.

Easterly Government Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date is Thursday, March 5th. Easterly Government Properties’s dividend payout ratio is 600.00%.

Easterly Government Properties Company 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.