Kestra Private Wealth Services LLC Makes New Investment in Easterly Government Properties, Inc. $DEA

Kestra Private Wealth Services LLC bought a new stake in Easterly Government Properties, Inc. (NYSE:DEA) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 40,794 shares of the real estate investment trust’s stock, valued at approximately $874,000. Kestra Private Wealth Services LLC owned about 0.09% of Easterly Government Properties at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in Easterly Government Properties by 215.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 772 shares during the last quarter. Parallel Advisors LLC raised its position in Easterly Government Properties by 318.2% in the 3rd quarter. Parallel Advisors LLC now owns 1,334 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,015 shares during the last quarter. Colonial Trust Co SC acquired a new position in Easterly Government Properties in the fourth quarter worth $34,000. US Bancorp DE boosted its stake in Easterly Government Properties by 237.9% in the third quarter. US Bancorp DE now owns 1,757 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,237 shares in the last quarter. Finally, Danske Bank A S bought a new stake in shares of Easterly Government Properties during the fourth quarter worth $44,000. 86.51% of the stock is owned by institutional investors and hedge funds.

Easterly Government Properties Stock Up 0.9%

Shares of DEA opened at $25.15 on Thursday. The business’s fifty day moving average price is $23.70 and its two-hundred day moving average price is $22.99. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 104.80 and a beta of 0.97. Easterly Government Properties, Inc. has a 52 week low of $20.56 and a 52 week high of $25.38. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend was Thursday, May 7th. Easterly Government Properties’s dividend payout ratio (DPR) is 750.00%.

Wall Street Analyst Weigh In

DEA has been the subject of a number of research reports. Truist Financial lowered their target price on Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. Weiss Ratings raised shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $23.49.

Easterly Government Properties 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.