Pacer Advisors Inc. Makes New $8.41 Million Investment in Easterly Government Properties, Inc. $DEA

Pacer Advisors Inc. bought a new stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 396,834 shares of the real estate investment trust’s stock, valued at approximately $8,409,000. Pacer Advisors Inc. owned approximately 0.86% of Easterly Government Properties at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of DEA. Corient Private Wealth LLC purchased a new stake in shares of Easterly Government Properties in the fourth quarter worth approximately $203,000. Polymer Capital Management US LLC grew its position in Easterly Government Properties by 17.1% during the fourth quarter. Polymer Capital Management US LLC now owns 19,629 shares of the real estate investment trust’s stock valued at $416,000 after purchasing an additional 2,867 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in Easterly Government Properties by 7.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 921,658 shares of the real estate investment trust’s stock valued at $19,530,000 after buying an additional 64,554 shares during the period. Freestone Grove Partners LP purchased a new stake in Easterly Government Properties in the 4th quarter worth approximately $463,000. Finally, Guggenheim Capital LLC lifted its position in Easterly Government Properties by 58.0% in the 4th quarter. Guggenheim Capital LLC now owns 23,755 shares of the real estate investment trust’s stock worth $503,000 after buying an additional 8,717 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Stock Performance

Shares of NYSE DEA opened at $23.08 on Monday. The business’s 50-day simple moving average is $23.48 and its 200-day simple moving average is $22.83. The company has a debt-to-equity ratio of 1.26, a quick ratio of 4.01 and a current ratio of 4.01. Easterly Government Properties, Inc. has a 52 week low of $20.56 and a 52 week high of $24.94. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 96.17 and a beta of 0.98.

Easterly Government Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.8%. Easterly Government Properties’s dividend payout ratio (DPR) is currently 750.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Weiss Ratings raised shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Royal Bank Of Canada upped their price target on shares of Easterly Government Properties from $21.00 to $22.00 and gave the stock an “underperform” rating in a research note on Monday, March 2nd. Wall Street Zen lowered Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Truist Financial reduced their price objective on Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Wednesday, March 11th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Easterly Government Properties currently has a consensus rating of “Hold” and an average price target of $23.49.

About Easterly Government Properties

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.