Quadrant Capital Group LLC Has $141,000 Stake in Easterly Government Properties, Inc. (NYSE:DEA)

Quadrant Capital Group LLC lowered its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 28.7% during the fourth quarter, HoldingsChannel reports. The firm owned 12,395 shares of the real estate investment trust’s stock after selling 4,979 shares during the quarter. Quadrant Capital Group LLC’s holdings in Easterly Government Properties were worth $141,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in shares of Easterly Government Properties by 3.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 48,846 shares of the real estate investment trust’s stock worth $663,000 after acquiring an additional 1,637 shares during the period. Quantinno Capital Management LP acquired a new position in Easterly Government Properties in the 3rd quarter valued at $142,000. State Street Corp increased its stake in shares of Easterly Government Properties by 1.2% in the 3rd quarter. State Street Corp now owns 5,839,318 shares of the real estate investment trust’s stock valued at $79,298,000 after purchasing an additional 66,663 shares during the last quarter. National Bank of Canada FI grew its position in Easterly Government Properties by 430.2% during the 3rd quarter. National Bank of Canada FI now owns 49,905 shares of the real estate investment trust’s stock worth $678,000 after acquiring an additional 40,492 shares during the last quarter. Finally, Barclays PLC grew its position in Easterly Government Properties by 324.6% during the 3rd quarter. Barclays PLC now owns 165,212 shares of the real estate investment trust’s stock worth $2,244,000 after acquiring an additional 126,306 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Easterly Government Properties Stock Up 3.8 %

Shares of NYSE:DEA opened at $9.55 on Thursday. Easterly Government Properties, Inc. has a 1 year low of $8.81 and a 1 year high of $14.53. The company has a market cap of $1.03 billion, a PE ratio of 53.06 and a beta of 0.87. 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’s 50-day moving average is $10.62 and its 200 day moving average is $11.79.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.22. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The firm had revenue of $78.25 million for the quarter, compared to analysts’ expectations of $79.49 million. During the same period in the previous year, the firm posted $0.28 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that Easterly Government Properties, Inc. will post 1.17 EPS for the current year.

Easterly Government Properties Dividend Announcement

The company 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 of this dividend was Wednesday, March 5th. This represents a $1.06 annualized dividend and a dividend yield of 11.10%. Easterly Government Properties’s payout ratio is 557.89%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Royal Bank of Canada dropped their price objective on Easterly Government Properties from $12.00 to $11.00 and set an “underperform” rating on the stock in a research note on Monday, March 10th. Jefferies Financial Group started coverage on Easterly Government Properties in a research report on Monday, March 17th. They issued a “buy” rating and a $13.00 target price for the company. Finally, StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th.

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.