Strategic Wealth Partners Ltd. Reduces Stock Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Strategic Wealth Partners Ltd. lessened its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 48.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,600 shares of the real estate investment trust’s stock after selling 10,800 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Easterly Government Properties were worth $158,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Easterly Government Properties by 56.6% during the second quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,086 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Easterly Government Properties in the first quarter valued at about $89,000. Sunbelt Securities Inc. boosted its holdings in Easterly Government Properties by 365.1% in the first quarter. Sunbelt Securities Inc. now owns 10,000 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 7,850 shares during the last quarter. National Bank of Canada FI acquired a new stake in Easterly Government Properties during the 2nd quarter valued at approximately $115,000. Finally, Signaturefd LLC increased its holdings 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 worth $123,000 after purchasing an additional 2,563 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Price Performance

Shares of NYSE DEA opened at $13.16 on Friday. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 65.78 and a beta of 0.72. Easterly Government Properties, Inc. has a twelve month low of $10.27 and a twelve month high of $14.36. The business has a 50 day simple moving average of $13.42 and a 200-day simple moving average of $12.60.

Easterly Government Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.265 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.06 annualized dividend and a yield of 8.06%. Easterly Government Properties’s payout ratio is 530.00%.

Wall Street Analysts Forecast Growth

DEA has been the topic of several recent analyst reports. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday. Truist Financial increased their price target on shares of Easterly Government Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a research report on Thursday, August 29th.

Easterly Government Properties Company 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.