Allspring Global Investments Holdings LLC Trims Stake in Easterly Government Properties, Inc. (NYSE:DEA)

Allspring Global Investments Holdings LLC trimmed its stake in Easterly Government Properties, Inc. (NYSE:DEAGet Rating) by 3.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 41,156 shares of the real estate investment trust’s stock after selling 1,483 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Easterly Government Properties were worth $649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of DEA. Lazard Asset Management LLC purchased a new stake in shares of Easterly Government Properties in the 1st quarter worth $39,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Easterly Government Properties by 46.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,200 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 700 shares in the last quarter. Quadrant Capital Group LLC increased its stake 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 purchasing an additional 1,392 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in Easterly Government Properties in the 2nd quarter worth $88,000. Finally, Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in Easterly Government Properties in the 2nd quarter worth $101,000. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

Easterly Government Properties Trading Up 0.8 %

Shares of Easterly Government Properties stock opened at $15.66 on Monday. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.97. Easterly Government Properties, Inc. has a twelve month low of $13.49 and a twelve month high of $22.04. The business has a 50-day moving average price of $15.12 and a 200-day moving average price of $16.78. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 62.64 and a beta of 0.60.

Easterly Government Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Friday, November 11th were issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date was Wednesday, November 9th. Easterly Government Properties’s payout ratio is 424.02%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Royal Bank of Canada cut their price target on Easterly Government Properties from $20.00 to $17.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 19th. Citigroup lowered Easterly Government Properties from a “buy” rating to a “neutral” rating and cut their price target for the stock from $18.00 to $15.50 in a research note on Wednesday, December 14th. StockNews.com assumed coverage on Easterly Government Properties in a research note on Wednesday, October 12th. They issued a “sell” rating for the company. Compass Point lowered Easterly Government Properties from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a research note on Thursday, November 3rd. Finally, BMO Capital Markets lowered Easterly Government Properties from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $18.00 to $14.00 in a research note on Friday, December 16th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.25.

About Easterly Government Properties

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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.

See Also

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

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