Xcel Wealth Management LLC Purchases 20,129 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

Xcel Wealth Management LLC boosted its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 5.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 413,352 shares of the real estate investment trust’s stock after acquiring an additional 20,129 shares during the period. Easterly Government Properties comprises approximately 1.3% of Xcel Wealth Management LLC’s investment portfolio, making the stock its 20th biggest holding. Xcel Wealth Management LLC’s holdings in Easterly Government Properties were worth $4,696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DEA. Creative Planning boosted its stake in Easterly Government Properties by 23.4% during the third quarter. Creative Planning now owns 29,657 shares of the real estate investment trust’s stock valued at $403,000 after buying an additional 5,616 shares during the last quarter. Private Advisor Group LLC raised its position in Easterly Government Properties by 10.8% during the third quarter. Private Advisor Group LLC now owns 28,117 shares of the real estate investment trust’s stock valued at $382,000 after purchasing an additional 2,745 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Easterly Government Properties by 35.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 997 shares during the period. abrdn plc raised its position in Easterly Government Properties by 10.6% during the third quarter. abrdn plc now owns 19,047 shares of the real estate investment trust’s stock valued at $259,000 after purchasing an additional 1,818 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in Easterly Government Properties by 1.6% during the third quarter. Janney Montgomery Scott LLC now owns 258,216 shares of the real estate investment trust’s stock valued at $3,507,000 after purchasing an additional 4,123 shares during the period. 86.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Darrell W. Crate acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $10.91 per share, with a total value of $109,100.00. Following the completion of the purchase, the chief executive officer now directly owns 171,479 shares in the company, valued at $1,870,835.89. This trade represents a 6.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Truist Financial decreased their price objective on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. Jefferies Financial Group decreased their price objective on Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Finally, StockNews.com downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Monday, February 24th.

Easterly Government Properties Trading Down 0.2 %

Shares of NYSE DEA opened at $11.28 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.01 and a current ratio of 4.01. The business’s 50 day moving average price is $11.18 and its 200-day moving average price is $12.42. Easterly Government Properties, Inc. has a fifty-two week low of $10.45 and a fifty-two week high of $14.52. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 62.67 and a beta of 0.70.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $79.49 million. During the same period in the prior year, the business posted $0.28 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, sell-side analysts expect that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current year.

Easterly Government Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th will be issued a $0.265 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.06 annualized dividend and a dividend yield of 9.40%. Easterly Government Properties’s payout ratio is 557.89%.

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.