New Age Alpha Advisors LLC Buys Shares of 117,874 Easterly Government Properties, Inc. (NYSE:DEA)

Key Points

• New Age Alpha Advisors LLC acquired 117,874 shares of Easterly Government Properties, Inc. (NYSE:DEA) valued at approximately $1,249,000, representing 0.26% of the company's shares.
• Easterly Government Properties recently announced a quarterly dividend of $0.45, which indicates an annual yield of 8.1% and a dividend payout ratio of 175.61%.
• The stock hit a market cap of $1.01 billion with a recent price of $22.33, and analysts have a mixed outlook, with ratings ranging from "buy" to "sell."

New Age Alpha Advisors 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 Securities and Exchange Commission. The firm bought 117,874 shares of the real estate investment trust's stock, valued at approximately $1,249,000. New Age Alpha Advisors LLC owned about 0.26% of Easterly Government Properties at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in Easterly Government Properties by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 2,572,549 shares of the real estate investment trust's stock valued at $29,230,000 after purchasing an additional 19,858 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in Easterly Government Properties by 4.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,258,518 shares of the real estate investment trust's stock valued at $25,657,000 after purchasing an additional 97,286 shares during the last quarter. Invesco Ltd. boosted its stake 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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. Finally, Palisade Capital Management LP boosted its stake in Easterly Government Properties by 0.9% during the 1st quarter. Palisade Capital Management LP now owns 1,382,426 shares of the real estate investment trust's stock valued at $14,654,000 after purchasing an additional 11,722 shares during the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Easterly Government Properties Price Performance

Shares of Easterly Government Properties stock opened at $22.33 on Friday. Easterly Government Properties, Inc. has a one year low of $19.33 and a one year high of $36.31. The stock's fifty day moving average is $22.59 and its 200 day moving average is $23.88. The stock has a market cap of $1.01 billion, a P/E ratio of 54.45 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.

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

Easterly Government Properties Cuts Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DEA shares. BMO Capital Markets raised Easterly Government Properties from a "strong sell" rating to a "hold" rating and set a $25.00 price target on the stock in a report on Wednesday, July 16th. Compass Point reissued a "neutral" rating and set a $23.75 price target (down from $37.50) on shares of Easterly Government Properties in a report on Thursday, April 10th. Wall Street Zen cut Easterly Government Properties from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Finally, Royal Bank Of Canada lowered their price target on Easterly Government Properties from $27.50 to $22.00 and set an "underperform" rating on the stock in a report on Monday, June 2nd. Two 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. Based on data from MarketBeat.com, Easterly Government Properties has an average rating of "Hold" and an average 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.

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