Sargent Investment Group LLC Cuts Stock Position in Easterly Government Properties, Inc. (NYSE:DEA)

Sargent Investment Group LLC lessened its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 4.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,715 shares of the real estate investment trust’s stock after selling 3,355 shares during the quarter. Sargent Investment Group LLC owned about 0.07% of Easterly Government Properties worth $887,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in Easterly Government Properties by 9.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,652,959 shares of the real estate investment trust’s stock valued at $22,216,000 after acquiring an additional 140,841 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Easterly Government Properties by 5.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,516,641 shares of the real estate investment trust’s stock worth $17,457,000 after buying an additional 71,939 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in shares of Easterly Government Properties by 14.3% during the 4th quarter. Westwood Holdings Group Inc. now owns 2,567,196 shares of the real estate investment trust’s stock worth $34,503,000 after acquiring an additional 320,633 shares in the last quarter. Aurora Investment Managers LLC. increased its holdings in shares of Easterly Government Properties by 88.0% in the 1st quarter. Aurora Investment Managers LLC. now owns 204,134 shares of the real estate investment trust’s stock valued at $2,350,000 after acquiring an additional 95,526 shares during the last quarter. Finally, GW&K Investment Management LLC increased its holdings in shares of Easterly Government Properties by 20.3% in the 4th quarter. GW&K Investment Management LLC now owns 2,434,048 shares of the real estate investment trust’s stock valued at $32,713,000 after acquiring an additional 410,108 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DEA. Truist Financial upped their price target on Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a report on Thursday, August 29th. StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Monday, August 26th.

Easterly Government Properties Trading Down 0.1 %

Shares of DEA stock opened at $13.75 on Tuesday. The company has a market capitalization of $1.42 billion, a P/E ratio of 68.75 and a beta of 0.72. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 1.02. The business’s 50 day moving average is $13.45 and its two-hundred day moving average is $12.38. Easterly Government Properties, Inc. has a twelve month low of $10.27 and a twelve month high of $14.36.

Easterly Government Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Thursday, August 1st were paid a $0.265 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.06 annualized dividend and a yield of 7.71%. Easterly Government Properties’s dividend payout ratio is currently 530.00%.

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.