SG Americas Securities LLC Sells 174,523 Shares of Easterly Government Properties, Inc. (NYSE:DEA)


SG Americas Securities LLC decreased its position in shares of Easterly Government Properties, Inc. (NYSE:DEA – Get Rating) by 90.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 17,819 shares of the real estate investment trust’s stock after selling 174,523 shares during the period. SG Americas Securities LLC’s holdings in Easterly Government Properties were worth $377,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC grew its holdings in shares of Easterly Government Properties by 13.4% during the 1st quarter. Park Avenue Securities LLC now owns 16,127 shares of the real estate investment trust’s stock worth $341,000 after acquiring an additional 1,900 shares during the period. Comerica Bank grew its holdings in shares of Easterly Government Properties by 2.8% during the 1st quarter. Comerica Bank now owns 84,360 shares of the real estate investment trust’s stock worth $1,722,000 after acquiring an additional 2,289 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Easterly Government Properties by 5,908.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 65,913 shares of the real estate investment trust’s stock worth $1,393,000 after acquiring an additional 64,816 shares during the period. Truist Financial Corp grew its holdings in shares of Easterly Government Properties by 2.3% during the 1st quarter. Truist Financial Corp now owns 198,805 shares of the real estate investment trust’s stock worth $4,203,000 after acquiring an additional 4,482 shares during the period. Finally, UMB Bank NA MO grew its holdings in shares of Easterly Government Properties by 54.9% during the 1st quarter. UMB Bank NA MO now owns 2,105 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 746 shares during the period. Hedge funds and other institutional investors own 84.55% of the company’s stock.

Easterly Government Properties Stock Performance

Shares of DEA opened at $18.79 on Friday. The business’s fifty day simple moving average is $19.29 and its two hundred day simple moving average is $19.98. The company has a current ratio of 4.58, a quick ratio of 4.01 and a debt-to-equity ratio of 0.93. Easterly Government Properties, Inc. has a 12 month low of $18.01 and a 12 month high of $23.65. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 56.94 and a beta of 0.52.

Easterly Government Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 23rd. Shareholders of record on Thursday, August 11th will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $1.06 annualized dividend and a yield of 5.64%. Easterly Government Properties’s dividend payout ratio is 321.22%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Truist Financial reduced their target price on Easterly Government Properties from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Thursday, June 30th. Royal Bank of Canada cut their price target on Easterly Government Properties from $24.00 to $21.00 in a research note on Monday, July 11th. Jefferies Financial Group cut their price target on Easterly Government Properties from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Thursday, June 30th. Finally, StockNews.com downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.50.

Easterly Government Properties Company Profile

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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 US Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical US

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Institutional Ownership by Quarter for Easterly Government Properties (NYSE:DEA)



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