Pekin Hardy Strauss Inc. Has $5.87 Million Position in Easterly Government Properties, Inc. $DEA

Pekin Hardy Strauss Inc. raised its position in Easterly Government Properties, Inc. (NYSE:DEA) by 9.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 256,166 shares of the real estate investment trust’s stock after purchasing an additional 22,857 shares during the period. Pekin Hardy Strauss Inc. owned approximately 0.56% of Easterly Government Properties worth $5,874,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. AlphaQuest LLC lifted its stake in Easterly Government Properties by 168.4% in the third quarter. AlphaQuest LLC now owns 76,774 shares of the real estate investment trust’s stock valued at $1,760,000 after buying an additional 48,173 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Easterly Government Properties by 249.2% during the second quarter. Thrivent Financial for Lutherans now owns 254,659 shares of the real estate investment trust’s stock worth $5,653,000 after acquiring an additional 181,732 shares during the period. Brookwood Investment Group LLC acquired a new stake in shares of Easterly Government Properties during the second quarter worth $332,000. Russell Investments Group Ltd. lifted its position in Easterly Government Properties by 124.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 185,615 shares of the real estate investment trust’s stock valued at $4,121,000 after acquiring an additional 103,008 shares in the last quarter. Finally, Kennedy Capital Management LLC acquired a new position in Easterly Government Properties in the 2nd quarter worth $5,124,000. 86.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DEA. Weiss Ratings raised Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 3rd. Wall Street Zen raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Truist Financial decreased their price target on shares of Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Monday, November 24th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.99.

Easterly Government Properties Trading Up 0.7%

Shares of Easterly Government Properties stock opened at $23.75 on Friday. The stock has a market cap of $1.10 billion, a P/E ratio of 77.87 and a beta of 0.96. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 1.18. Easterly Government Properties, Inc. has a 12-month low of $19.33 and a 12-month high of $29.49. The business’s 50 day moving average is $22.68 and its 200-day moving average is $22.35.

Easterly Government Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Thursday, March 5th. Easterly Government Properties’s dividend payout ratio is presently 600.00%.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc is a real estate investment trust that specializes in the acquisition, development and management of commercial properties leased to U.S. government agencies. Structured as a triple-net lease REIT, the company focuses on single-tenant assets with long-term, credit-backed leases that transfer most property-level responsibilities—including taxes, insurance and maintenance—to its government tenants.

The firm’s portfolio encompasses a variety of facility types, including office buildings, training centers, laboratories and mission-critical installations used by federal agencies.