57,544 Shares in Easterly Government Properties, Inc. (NYSE:DEA) Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH purchased a new position in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 57,544 shares of the real estate investment trust's stock, valued at approximately $610,000. Allianz Asset Management GmbH owned approximately 0.13% of Easterly Government Properties at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Arrow Investment Advisors LLC lifted its holdings in shares of Easterly Government Properties by 14.2% during the 1st quarter. Arrow Investment Advisors LLC now owns 13,548 shares of the real estate investment trust's stock worth $144,000 after acquiring an additional 1,686 shares during the period. Bank of Montreal Can raised its position in Easterly Government Properties by 14.6% in the fourth quarter. Bank of Montreal Can now owns 14,214 shares of the real estate investment trust's stock worth $161,000 after purchasing an additional 1,806 shares in the last quarter. Accel Wealth Management lifted its stake in Easterly Government Properties by 20.0% during the first quarter. Accel Wealth Management now owns 12,000 shares of the real estate investment trust's stock worth $127,000 after purchasing an additional 2,000 shares during the period. Monetary Management Group Inc. boosted its holdings in Easterly Government Properties by 9.7% during the fourth quarter. Monetary Management Group Inc. now owns 28,250 shares of the real estate investment trust's stock valued at $321,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Easterly Government Properties by 22.0% in the 4th quarter. Cetera Investment Advisers now owns 14,601 shares of the real estate investment trust's stock valued at $166,000 after purchasing an additional 2,637 shares during the period. Institutional investors own 86.51% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DEA shares. Wall Street Zen downgraded Easterly Government Properties from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Royal Bank Of Canada cut their price objective 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. Compass Point reaffirmed a "neutral" rating and issued a $23.75 target price (down previously from $37.50) on shares of Easterly Government Properties in a report on Thursday, April 10th. Finally, BMO Capital Markets upgraded shares of Easterly Government Properties from a "strong sell" rating to a "hold" rating and set a $25.00 target price for the company in a research report on Wednesday, July 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $27.15.

Easterly Government Properties Trading Down 0.8%

DEA stock opened at $21.82 on Friday. The business has a fifty day moving average price of $22.55 and a 200 day moving average price of $24.06. The company has a debt-to-equity ratio of 1.14, a current ratio of 4.90 and a quick ratio of 4.90. Easterly Government Properties, Inc. has a fifty-two week low of $19.33 and a fifty-two week high of $36.31. The stock has a market capitalization of $979.72 million, a price-to-earnings ratio of 51.95 and a beta of 0.94.

Easterly Government Properties (NYSE:DEA - Get Free Report) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.73 EPS for the quarter, hitting the consensus estimate of $0.73. Easterly Government Properties had a return on equity of 1.30% and a net margin of 5.86%. The company had revenue of $78.68 million for the quarter, compared to analysts' expectations of $80.67 million. During the same quarter in the prior year, the business earned $0.29 earnings per share. The business's revenue for the quarter was up 8.1% on a year-over-year basis. Analysts expect that Easterly Government Properties, Inc. will post 1.17 EPS for the current fiscal year.

Easterly Government Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 8.2%. The ex-dividend date is Wednesday, August 13th. Easterly Government Properties's dividend payout ratio (DPR) is presently 171.43%.

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.

Want to see what other hedge funds are holding DEA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Easterly Government Properties, Inc. (NYSE:DEA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.