Envestnet Asset Management Inc. Sells 20,199 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

Envestnet Asset Management Inc. decreased its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA – Get Rating) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 252,206 shares of the real estate investment trust’s stock after selling 20,199 shares during the quarter. Envestnet Asset Management Inc. owned about 0.28% of Easterly Government Properties worth $3,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. U.S. Capital Wealth Advisors LLC bought a new stake in Easterly Government Properties during the 4th quarter valued at $29,000. Lazard Asset Management LLC bought a new position in shares of Easterly Government Properties in the first quarter worth $39,000. First Community Trust NA increased its holdings in shares of Easterly Government Properties by 68.2% in the fourth quarter. First Community Trust NA now owns 2,836 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,150 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Easterly Government Properties by 52.6% in the third quarter. Tower Research Capital LLC TRC now owns 4,083 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 1,408 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in shares of Easterly Government Properties by 149.5% in the third quarter. Quadrant Capital Group LLC now owns 5,561 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 3,332 shares during the period. Institutional investors own 86.38% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on DEA shares. Compass Point raised shares of 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. Truist Financial cut their target price on shares of Easterly Government Properties from $17.00 to $15.00 in a research report on Monday, March 20th. Finally, StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.42.

Easterly Government Properties Price Performance

Shares of NYSE DEA opened at $14.02 on Tuesday. Easterly Government Properties, Inc. has a fifty-two week low of $12.27 and a fifty-two week high of $20.33. The company has a 50 day simple moving average of $13.82 and a two-hundred day simple moving average of $14.90. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 45.23 and a beta of 0.65. The company has a debt-to-equity ratio of 0.85, a quick ratio of 5.57 and a current ratio of 5.57.

Easterly Government Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 23rd. Stockholders of record on Thursday, May 11th will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 7.56%. The ex-dividend date of this dividend is Wednesday, May 10th. Easterly Government Properties’s dividend payout ratio is presently 341.94%.

About Easterly Government Properties

(Get Rating)

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.