ClearAlpha Technologies LP Purchases Shares of 34,712 Easterly Government Properties, Inc. (NYSE:DEA)

ClearAlpha Technologies LP purchased a new position in shares of Easterly Government Properties, Inc. (NYSE:DEA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 34,712 shares of the real estate investment trust’s stock, valued at approximately $471,000.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its position in Easterly Government Properties by 56.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,086 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Easterly Government Properties by 35.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 997 shares during the last quarter. KBC Group NV lifted its stake in shares of Easterly Government Properties by 62.4% in the third quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 2,014 shares during the period. National Bank of Canada FI bought a new stake in Easterly Government Properties in the second quarter valued at approximately $115,000. Finally, Signaturefd LLC increased its position in Easterly Government Properties by 34.6% during the 2nd quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 2,563 shares during the period. Institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Price Performance

Easterly Government Properties stock opened at $12.32 on Monday. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 68.44 and a beta of 0.72. Easterly Government Properties, Inc. has a 52-week low of $10.94 and a 52-week high of $14.52. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.01 and a current ratio of 4.01. The stock’s 50 day moving average price is $13.29 and its two-hundred day moving average price is $13.03.

Easterly Government Properties (NYSE:DEA) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.24). Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The company had revenue of $74.78 million for the quarter, compared to the consensus estimate of $74.98 million. During the same period in the prior year, the company earned $0.29 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. On average, equities analysts predict that Easterly Government Properties, Inc. will post 1.15 earnings per share for the current year.

Easterly Government Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 8.60%. The ex-dividend date of this dividend was Friday, November 15th. Easterly Government Properties’s dividend payout ratio (DPR) is currently 588.89%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DEA. Jefferies Financial Group upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $13.00 to $15.00 in a research report on Monday, October 14th. StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Truist Financial increased their price target on Easterly Government Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Thursday, August 29th.

About Easterly Government Properties

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.