Advyzon Investment Management LLC Invests $214,000 in Easterly Government Properties, Inc. (NYSE:DEA)

Key Points

• Advyzon Investment Management LLC acquired 20,194 shares of Easterly Government Properties, valued at approximately $214,000, marking a new position for the firm.
• Analysts are showing mixed sentiments towards the stock, with Royal Bank Of Canada lowering its target price to $22.00 and classifying it as "underperform".
• The quarterly dividend announced by Easterly Government Properties is $0.45, reflecting a high dividend yield of 8.1% and a payout ratio of 171.43%.

Advyzon Investment Management LLC bought a new stake in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 20,194 shares of the real estate investment trust's stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Easterly Government Properties in the 4th quarter valued at $10,394,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Easterly Government Properties by 74.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,861,478 shares of the real estate investment trust's stock valued at $21,146,000 after purchasing an additional 795,058 shares during the last quarter. Invesco Ltd. lifted its holdings in Easterly Government Properties by 48.7% during the 4th quarter. Invesco Ltd. now owns 2,056,248 shares of the real estate investment trust's stock valued at $23,359,000 after purchasing an additional 673,270 shares during the last quarter. Two Sigma Investments LP boosted its position in Easterly Government Properties by 276.8% in the fourth quarter. Two Sigma Investments LP now owns 838,081 shares of the real estate investment trust's stock valued at $9,521,000 after buying an additional 615,688 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Easterly Government Properties by 196.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 901,102 shares of the real estate investment trust's stock worth $10,237,000 after buying an additional 596,924 shares during the last quarter. Institutional investors own 86.51% of the company's stock.

Easterly Government Properties Price Performance

DEA traded down $0.27 during midday trading on Friday, hitting $22.11. The company had a trading volume of 374,781 shares, compared to its average volume of 433,757. Easterly Government Properties, Inc. has a twelve month low of $19.33 and a twelve month high of $36.31. The company has a market capitalization of $1.00 billion, a PE ratio of 53.92 and a beta of 0.94. The company has a debt-to-equity ratio of 1.24, a quick ratio of 4.90 and a current ratio of 3.75. The firm's 50-day simple moving average is $22.60 and its 200-day simple moving average is $23.83.

Easterly Government Properties (NYSE:DEA - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. Easterly Government Properties had a net margin of 5.54% and a return on equity of 1.26%. The business had revenue of $80.37 million for the quarter, compared to analysts' expectations of $81.73 million. During the same period in the prior year, the firm earned $0.29 earnings per share. Easterly Government Properties's revenue was up 10.5% compared to the same quarter last year. Equities research analysts predict that Easterly Government Properties, Inc. will post 1.17 EPS for the current fiscal year.

Easterly Government Properties Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Wednesday, August 13th. Easterly Government Properties's dividend payout ratio (DPR) is 175.61%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DEA. Wall Street Zen cut shares of Easterly Government Properties from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Royal Bank Of Canada dropped their price target on Easterly Government Properties from $27.50 to $22.00 and set an "underperform" rating for the company in a report on Monday, June 2nd. Finally, BMO Capital Markets upgraded Easterly Government Properties from a "strong sell" rating to a "hold" rating and set a $25.00 price objective for the company in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Easterly Government Properties has an average rating of "Hold" and a consensus price target of $27.15.

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.