Easterly Government Properties, Inc. (NYSE:DEA) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in shares of Easterly Government Properties, Inc. (NYSE:DEA – Get Rating) by 14.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,853 shares of the real estate investment trust’s stock after buying an additional 15,343 shares during the quarter. Commonwealth Equity Services LLC owned about 0.13% of Easterly Government Properties worth $1,905,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new position in Easterly Government Properties in the first quarter worth $39,000. Quadrant Capital Group LLC lifted its position in shares of Easterly Government Properties by 166.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,229 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 1,392 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Easterly Government Properties by 52.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,083 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 1,408 shares during the period. SeaCrest Wealth Management LLC bought a new stake in shares of Easterly Government Properties during the 2nd quarter valued at about $88,000. Finally, Investors Asset Management of Georgia Inc. GA ADV raised its stake in Easterly Government Properties by 37.7% during the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 7,300 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 2,000 shares during the period. Institutional investors own 86.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DEA. BMO Capital Markets downgraded Easterly Government Properties from a “market perform” rating to an “underperform” rating and lowered their price objective for the stock from $18.00 to $14.00 in a research note on Friday, December 16th. Citigroup lowered shares of Easterly Government Properties from a “buy” rating to a “neutral” rating and dropped their price target for the company from $18.00 to $15.50 in a research note on Wednesday, December 14th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $17.25.

Easterly Government Properties Stock Performance

Shares of DEA opened at $14.18 on Tuesday. Easterly Government Properties, Inc. has a 52-week low of $13.49 and a 52-week high of $21.46. The firm has a market capitalization of $1.29 billion, a PE ratio of 40.51 and a beta of 0.64. The firm has a 50-day moving average price of $15.51 and a 200 day moving average price of $15.89. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 0.89.

Easterly Government Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 21st. Investors of record on Thursday, March 9th will be paid a dividend of $0.265 per share. The ex-dividend date is Wednesday, March 8th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 7.48%. Easterly Government Properties’s dividend payout ratio is presently 302.86%.

Easterly Government Properties Company 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.