IndexIQ Advisors LLC Buys 2,805 Shares of Easterly Government Properties, Inc. (DEA)
IndexIQ Advisors LLC boosted its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 6.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,396 shares of the real estate investment trust’s stock after buying an additional 2,805 shares during the quarter. IndexIQ Advisors LLC owned approximately 0.12% of Easterly Government Properties worth $980,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisor Group Inc. lifted its stake in shares of Easterly Government Properties by 30.8% in the 2nd quarter. Advisor Group Inc. now owns 5,625 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 1,326 shares during the period. Legal & General Group Plc lifted its stake in shares of Easterly Government Properties by 7.8% in the 2nd quarter. Legal & General Group Plc now owns 8,528 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 619 shares during the period. Prudential Financial Inc. acquired a new position in shares of Easterly Government Properties in the 1st quarter valued at about $202,000. First Trust Advisors LP bought a new stake in Easterly Government Properties in the 3rd quarter valued at about $209,000. Finally, Dubuque Bank & Trust Co. increased its position in Easterly Government Properties by 8.7% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 11,697 shares of the real estate investment trust’s stock valued at $245,000 after buying an additional 940 shares in the last quarter. 96.24% of the stock is currently owned by hedge funds and other institutional investors.
DEA has been the subject of a number of research analyst reports. BidaskClub lowered Easterly Government Properties from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Zacks Investment Research lowered Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, September 13th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $24.00 target price on shares of Easterly Government Properties in a research report on Tuesday, October 10th.
Shares of Easterly Government Properties, Inc. (NYSE DEA) opened at $20.58 on Friday. Easterly Government Properties, Inc. has a 12-month low of $18.15 and a 12-month high of $21.81. The company has a market capitalization of $905.99, a PE ratio of 16.52 and a beta of 0.55. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.26 and a quick ratio of 1.71.
Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.29). The company had revenue of $30.60 million for the quarter, compared to the consensus estimate of $30.61 million. Easterly Government Properties had a return on equity of 0.54% and a net margin of 3.12%. The business’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 earnings per share. equities analysts anticipate that Easterly Government Properties, Inc. will post 1.26 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Wednesday, December 6th will be issued a dividend of $0.26 per share. This is a positive change from Easterly Government Properties’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date is Tuesday, December 5th. Easterly Government Properties’s payout ratio is currently 1,000.00%.
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Easterly Government Properties Company Profile
Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).
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