Trivant Custom Portfolio Group LLC Makes New Investment in Easterly Government Properties, Inc. (NYSE:DEA)

Trivant Custom Portfolio Group LLC acquired a new position in shares of Easterly Government Properties, Inc. (NYSE:DEA) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 8,500 shares of the real estate investment trust’s stock, valued at approximately $117,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Republic Investment Management Inc. grew its holdings in shares of Easterly Government Properties by 1.8% during 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 grew its holdings in shares of Easterly Government Properties by 54.3% during 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 grew its holdings in shares of Easterly Government Properties by 3.9% during 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 grew its holdings in shares of Easterly Government Properties by 3.2% during 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, Hancock Whitney Corp grew its holdings in shares of Easterly Government Properties by 7.1% during the 1st quarter. Hancock Whitney Corp now owns 14,832 shares of the real estate investment trust’s stock valued at $204,000 after acquiring an additional 986 shares in the last quarter. 84.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on DEA. 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 company from $15.00 to $13.00 in a report on Wednesday, August 16th. StockNews.com started coverage on shares of Easterly Government Properties in a research note on Thursday, August 17th. They issued a “sell” rating for the company. Finally, Truist Financial lifted their price objective on shares of Easterly Government Properties from $15.00 to $16.00 in a research note on Thursday, June 15th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.10.

Easterly Government Properties Price Performance

DEA stock opened at $12.76 on Wednesday. The firm has a market cap of $1.19 billion, a PE ratio of 45.57 and a beta of 0.67. The company has a current ratio of 5.46, a quick ratio of 5.46 and a debt-to-equity ratio of 0.86. Easterly Government Properties, Inc. has a 1 year low of $12.27 and a 1 year high of $18.35. The company has a fifty day simple moving average of $14.08 and a 200 day simple moving average of $14.06.

Easterly Government Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Shareholders of record on Thursday, August 17th were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 8.31%. The ex-dividend date of this dividend was Wednesday, August 16th. Easterly Government Properties’s dividend payout ratio is 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.