According to the most recent disclosure that Raymond James & Associates made with the Securities and Exchange Commission (SEC), the company’s holdings in Easterly Government Properties, Inc. (NYSE: DEA) were reduced during the company’s third quarter. This information was provided by Raymond James & Associates to the SEC. After selling 48,793 shares throughout the period, the fund had 294,366 shares of stock in the real estate investment trust in its possession at the end of the period. In their most recent report, Raymond James & Associates stated that Easterly Government Properties were worth a total of $4,642,000. This information was submitted to the Securities and Exchange Commission by Raymond James & Associates. Raymond James & Associates was the owner of the property at one point.
Several well-known investors have recently made modifications to the number of shares of the company’s stock they own. During the first three months of the year, Lazard Asset Management LLC acquired a new position in Easterly Government Properties by investing slightly more than $39,000 in that company. Harel Insurance Investments & Financial Services Ltd. increased the proportion of eastern-located government properties it owned by 46.7% over the second quarter. The real estate investment trust in which Harel Insurance Investments & Financial Services Ltd. currently holds a total of 2,200 shares has a combined value of $42,000, making the total value of these shares $42,000. During the most recent fiscal quarter, an additional 700 shares were purchased, allowing this goal to be achieved. During the second quarter, Quadrant Capital Group LLC successfully accumulated a 166.3% increase in the amount of Eastern Government Properties that it holds. As a result of the purchase of 1,392 additional shares during the most recent quarter, Quadrant Capital Group LLC now directly owns a total of 2,229 shares of the real estate investment trust. The current market value of these shares is $42,000. During the second quarter, SeaCrest Wealth Management LLC spent approximately $88,000 to purchase an additional stake in Easterly Government Properties. Last but not least, during the second quarter, Investors Asset Management of Georgia Inc. (GA ADV) paid approximately 101 thousand dollars to acquire a new stake in Easterly Government Properties. To the extent of 86.38 percent, the ownership of the stock is held by hedge funds and other types of institutional investors.
On Tuesday morning, the cost of one share of DEA was $15.81 when trading got underway. The company has a price-to-earnings ratio of 63.24, a beta value of 0.60, and a market capitalization of $1.44 billion. The price of Easterly Government Properties, Inc. hit a one-year low of $13.49, while the company reached an all-time high of $22.74 during the same period. Each of the three ratiosthe debt-to-equity ratio, the current ratio, and the quick ratiois exactly 4.15. The ratio of debt to equity is currently at 0.97. The simple moving average for the last 50 days of the company’s stock price is $15.14, and the simple moving average for the last 200 days is $16.89.
Additionally, the organization announced and disbursed a quarterly dividend on the 23rd of this month, which was paid to shareholders. On Friday, November 11th, $0.265 dividend payments were distributed to shareholders on record when the dividends were declared. November 9th saw the distribution of a dividend to the company’s shareholders. This results in a dividend yield of 6.70 percent and an annual dividend payment of 1.06 dollars. It has been determined that Easterly Government Properties has a payout ratio of 424.02%.
Research professionals have written numerous publications about the DEA stock. The “buy” recommendation that Compass Point had previously held for Easterly Government Properties was changed to a “neutral” rating, and the company increased its price target for the stock to $17.00. On November 3rd, a Thursday, a report was made available to the general public. The Street lowered its rating of shares of Easterly Government Properties from a “b-” rating to a “c+” rating in a report that was published on Thursday, September 22nd. The new rating reflects the company’s less favorable outlook. On Wednesday, October 12th, Easterly Government Properties became part of the coverage area of StockNews.com’s reporting. They recommended “selling” the stock to prospective buyers. In a report released on Friday, December 16th, BMO Capital Markets lowered their target price on Easterly Government Properties from $18.00 to $14.00.
Additionally, they downgraded the stock from a “market perform” rating to an “underperform” rating. The stock was given a rating of “sector perform” by the Royal Bank of Canada, which, in a report published on Wednesday, October 19th, lowered their target price on shares of Easterly Government Properties from $20.00 to $17.00. In addition, the Royal Bank of Canada lowered its rating on the stock from “outperform” to “sector perform.” Two industry professionals have suggested that investors should sell the stock, while five others have suggested that investors should maintain their position in the shares. The information from Bloomberg.com indicates that the consensus regarding Easterly Government Properties is to “Hold” the stock, and the consensus regarding the stock’s target price is $17.25 per share.
Easterly Government Properties, Inc. (NYSE: DEA), which has its headquarters in Washington, District of Columbia, focuses primarily on the acquisition, development, and management of Class A commercial buildings leased to the United States Government. The company’s primary market is the United States. The leadership team at Easterly possesses a wealth of experience in the relevant industry and is quite knowledgeable about the requirements and expectations of mission-critical American strategy.