Brinker Capital Investments LLC Raises Stake in Easterly Government Properties, Inc. (NYSE:DEA)

Posted by on May 4th, 2023

Brinker Capital Investments LLC increased its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA – Get Rating) by 5.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 78,956 shares of the real estate investment trust’s stock after purchasing an additional 4,220 shares during the period. Brinker Capital Investments LLC owned 0.09% of Easterly Government Properties worth $1,127,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DEA. Raymond James Financial Services Advisors Inc. lifted its holdings in Easterly Government Properties by 7.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 63,313 shares of the real estate investment trust’s stock worth $1,338,000 after purchasing an additional 4,611 shares in the last quarter. US Bancorp DE lifted its holdings in Easterly Government Properties by 11.7% during the 1st quarter. US Bancorp DE now owns 16,447 shares of the real estate investment trust’s stock worth $347,000 after purchasing an additional 1,721 shares in the last quarter. Cetera Advisor Networks LLC lifted its holdings in Easterly Government Properties by 23.6% during the 1st quarter. Cetera Advisor Networks LLC now owns 19,267 shares of the real estate investment trust’s stock worth $407,000 after purchasing an additional 3,681 shares in the last quarter. AlphaCrest Capital Management LLC purchased a new stake in shares of Easterly Government Properties in the 1st quarter valued at about $368,000. Finally, Natixis Advisors L.P. raised its holdings in shares of Easterly Government Properties by 6.8% in the 1st quarter. Natixis Advisors L.P. now owns 64,622 shares of the real estate investment trust’s stock valued at $1,366,000 after acquiring an additional 4,101 shares in the last quarter. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Easterly Government Properties Price Performance

Shares of Easterly Government Properties stock opened at $13.97 on Thursday. The company has a current ratio of 5.16, a quick ratio of 5.16 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $1.28 billion, a PE ratio of 39.91 and a beta of 0.65. The business’s 50-day moving average price is $13.98 and its 200-day moving average price is $15.03. Easterly Government Properties, Inc. has a 12 month low of $12.27 and a 12 month high of $20.33.

Easterly Government Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 23rd. Stockholders of record on Thursday, May 11th will be given a dividend of $0.265 per share. The ex-dividend date is Wednesday, May 10th. This represents a $1.06 annualized dividend and a dividend yield of 7.59%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 302.86%.

Wall Street Analyst Weigh In

DEA has been the topic of several recent analyst reports. StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday. Compass Point raised Easterly Government Properties from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Tuesday, March 28th. Finally, Truist Financial lowered their price target on Easterly Government Properties from $17.00 to $15.00 in a report on Monday, March 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.42.

Easterly Government Properties Profile

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Easterly Government Properties, Inc operates as a real estate investment trust. engages in the acquisition, development, and management of commercial properties that are leased to U.S. Government agencies. The company was founded on October 10, 2014 and is headquartered in Washington, DC.

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Institutional Ownership by Quarter for Easterly Government Properties (NYSE:DEA)

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