Easterly Government Properties (NYSE:DEA – Free Report) had its price target hoisted by Truist Financial from $13.00 to $14.00 in a report released on Thursday morning, Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.
Separately, StockNews.com upgraded Easterly Government Properties from a sell rating to a hold rating in a report on Monday, August 26th.
View Our Latest Stock Analysis on DEA
Easterly Government Properties Stock Performance
Easterly Government Properties Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Thursday, August 1st were issued a dividend of $0.265 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.06 annualized dividend and a dividend yield of 8.08%. Easterly Government Properties’s payout ratio is currently 530.00%.
Institutional Investors Weigh In On Easterly Government Properties
Several hedge funds have recently modified their holdings of DEA. GAMMA Investing LLC grew its stake in Easterly Government Properties by 56.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,086 shares in the last quarter. CWM LLC grew its stake in Easterly Government Properties by 130.9% during the 4th quarter. CWM LLC now owns 4,338 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 2,459 shares in the last quarter. Security National Bank acquired a new stake in Easterly Government Properties during the 4th quarter valued at approximately $86,000. Allspring Global Investments Holdings LLC acquired a new stake in Easterly Government Properties during the 1st quarter valued at approximately $89,000. Finally, Newbridge Financial Services Group Inc. grew its stake in Easterly Government Properties by 879.9% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 9,338 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 8,385 shares in the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.
About Easterly Government Properties
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.
Featured Stories
- Five stocks we like better than Easterly Government Properties
- Want to Profit on the Downtrend? Downtrends, Explained.
- Don’t Overlook Campbell Soup: Here’s What Could Drive Its Stock
- What are earnings reports?
- Birkenstock’s Sudden Slide—Why It Might Be Your Next Big Win
- Insider Selling Explained: Can it Inform Your Investing Choices?
- MarketBeat Week in Review – 8/26 – 8/30
Receive News & Ratings for Easterly Government Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Easterly Government Properties and related companies with MarketBeat.com's FREE daily email newsletter.