Segall Bryant & Hamill LLC Takes Position in Easterly Government Properties, Inc. (NYSE:DEA)

Segall Bryant & Hamill LLC bought a new stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 116,394 shares of the real estate investment trust’s stock, valued at approximately $1,322,000. Segall Bryant & Hamill LLC owned approximately 0.11% of Easterly Government Properties at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Easterly Government Properties by 478.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 672,306 shares of the real estate investment trust’s stock worth $9,130,000 after acquiring an additional 556,148 shares in the last quarter. Barclays PLC grew its stake in Easterly Government Properties by 324.6% in the third quarter. Barclays PLC now owns 165,212 shares of the real estate investment trust’s stock worth $2,244,000 after purchasing an additional 126,306 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Easterly Government Properties in the fourth quarter valued at about $799,000. State Street Corp increased its holdings in Easterly Government Properties by 1.2% in the third quarter. State Street Corp now owns 5,839,318 shares of the real estate investment trust’s stock valued at $79,298,000 after buying an additional 66,663 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Easterly Government Properties by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,975,328 shares of the real estate investment trust’s stock valued at $22,440,000 after buying an additional 66,071 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DEA shares. Royal Bank of Canada dropped their price target on Easterly Government Properties from $12.00 to $11.00 and set an “underperform” rating on the stock in a research report on Monday, March 10th. Truist Financial dropped their target price on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, December 6th. Jefferies Financial Group began coverage on shares of Easterly Government Properties in a report on Monday, March 17th. They issued a “buy” rating and a $13.00 price target for the company. Finally, StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th.

Easterly Government Properties Price Performance

Shares of DEA opened at $10.58 on Friday. Easterly Government Properties, Inc. has a 12 month low of $10.18 and a 12 month high of $14.53. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01. The stock has a fifty day moving average price of $10.92 and a 200 day moving average price of $12.05. The company has a market cap of $1.14 billion, a P/E ratio of 58.75 and a beta of 0.73.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 EPS for the quarter, topping the consensus estimate of $0.07 by $0.22. The business had revenue of $78.25 million during the quarter, compared to analyst estimates of $79.49 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 earnings per share. On average, research analysts forecast that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current year.

Easterly Government Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.265 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 10.02%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 557.89%.

Easterly Government Properties 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.