Guggenheim Capital LLC Has $598,000 Stock Position in Easterly Government Properties, Inc. (NYSE:DEA)

Guggenheim Capital LLC increased its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 9.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,545 shares of the real estate investment trust’s stock after buying an additional 3,726 shares during the period. Guggenheim Capital LLC’s holdings in Easterly Government Properties were worth $598,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its holdings in Easterly Government Properties by 7.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 63,313 shares of the real estate investment trust’s stock valued at $1,338,000 after acquiring an additional 4,611 shares during the period. US Bancorp DE lifted its position in shares of 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 during the last quarter. Cetera Advisor Networks LLC boosted its stake 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 valued at $407,000 after purchasing an additional 3,681 shares during the period. AlphaCrest Capital Management LLC acquired a new stake in Easterly Government Properties in the 1st quarter valued at approximately $368,000. Finally, Natixis Advisors L.P. increased its position in 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 worth $1,366,000 after buying an additional 4,101 shares during the period. 84.68% of the stock is currently owned by institutional investors and hedge funds.

Easterly Government Properties Stock Performance

NYSE DEA opened at $13.18 on Thursday. Easterly Government Properties, Inc. has a twelve month low of $12.27 and a twelve month high of $18.63. The company has a quick ratio of 5.46, a current ratio of 5.46 and a debt-to-equity ratio of 0.86. The stock has a market cap of $1.23 billion, a P/E ratio of 47.07 and a beta of 0.67. The company’s 50-day simple moving average is $14.22 and its 200 day simple moving average is $14.14.

Easterly Government Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders 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 8.04%. The ex-dividend date was Wednesday, August 16th. Easterly Government Properties’s payout ratio is 378.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DEA shares. Truist Financial increased their price objective on Easterly Government Properties from $15.00 to $16.00 in a research report on Thursday, June 15th. Royal Bank of Canada lowered shares of Easterly Government Properties from a “sector perform” rating to an “underperform” rating and decreased their price target for the stock from $15.00 to $13.00 in a research report on Wednesday, August 16th. Finally, StockNews.com began 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 assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.10.

Easterly Government Properties Company 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.