Credit Suisse AG raised its stake in Easterly Government Properties, Inc. (NYSE:DEA – Free Report) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,150 shares of the real estate investment trust’s stock after acquiring an additional 2,828 shares during the quarter. Credit Suisse AG owned about 0.16% of Easterly Government Properties worth $1,994,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Republic Investment Management Inc. increased its position in Easterly Government Properties by 1.8% in the 1st quarter. First Republic Investment Management Inc. now owns 39,122 shares of the real estate investment trust’s stock valued at $827,000 after acquiring an additional 707 shares in the last quarter. Global Retirement Partners LLC increased its position in Easterly Government Properties by 54.3% in the 1st quarter. Global Retirement Partners LLC now owns 2,386 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 840 shares in the last quarter. Arizona State Retirement System increased its position in Easterly Government Properties by 3.9% in the 4th quarter. Arizona State Retirement System now owns 24,345 shares of the real estate investment trust’s stock valued at $347,000 after acquiring an additional 909 shares in the last quarter. Teacher Retirement System of Texas increased its position in Easterly Government Properties by 3.2% in the 4th quarter. Teacher Retirement System of Texas now owns 29,838 shares of the real estate investment trust’s stock valued at $426,000 after acquiring an additional 928 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Easterly Government Properties by 2.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,745 shares of the real estate investment trust’s stock valued at $738,000 after acquiring an additional 1,253 shares in the last quarter. Institutional investors and hedge funds own 84.68% of the company’s stock.
Analysts Set New Price Targets
DEA has been the subject of several analyst reports. Royal Bank of Canada cut shares of Easterly Government Properties from a “sector perform” rating to an “underperform” rating and lowered their price target for the stock from $15.00 to $13.00 in a research report on Wednesday, August 16th. Truist Financial lifted their price target on shares of Easterly Government Properties from $15.00 to $16.00 in a research report on Thursday, June 15th. Finally, StockNews.com initiated coverage on shares of Easterly Government Properties in a research report on Thursday, August 17th. They set a “sell” rating for the company. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $15.10.
Easterly Government Properties Stock Down 0.3 %
Shares of NYSE DEA opened at $13.33 on Tuesday. The stock has a market cap of $1.25 billion, a P/E ratio of 47.61 and a beta of 0.67. The firm has a 50 day moving average price of $14.29 and a 200 day moving average price of $14.19. The company has a debt-to-equity ratio of 0.86, a quick ratio of 5.46 and a current ratio of 5.46. Easterly Government Properties, Inc. has a 52-week low of $12.27 and a 52-week high of $18.63.
Easterly Government Properties Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Thursday, August 17th were issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 7.95%. The ex-dividend date of this dividend was Wednesday, August 16th. Easterly Government Properties’s dividend payout ratio is currently 378.57%.
Easterly Government Properties 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.
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