AlphaQuest LLC Has $1.18 Million Stake in Easterly Government Properties, Inc. (NYSE:DEA)

AlphaQuest LLC lowered its stake in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 59.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,200 shares of the real estate investment trust's stock after selling 149,777 shares during the period. AlphaQuest LLC owned 0.10% of Easterly Government Properties worth $1,184,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Rhumbline Advisers increased its stake in shares of Easterly Government Properties by 0.3% in the 4th quarter. Rhumbline Advisers now owns 321,908 shares of the real estate investment trust's stock valued at $3,657,000 after buying an additional 1,071 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Easterly Government Properties by 2.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 48,000 shares of the real estate investment trust's stock valued at $545,000 after acquiring an additional 1,200 shares during the last quarter. Truist Financial Corp increased its position in Easterly Government Properties by 7.9% in the fourth quarter. Truist Financial Corp now owns 21,435 shares of the real estate investment trust's stock worth $243,000 after purchasing an additional 1,574 shares during the period. Illinois Municipal Retirement Fund increased its position in Easterly Government Properties by 3.1% in the fourth quarter. Illinois Municipal Retirement Fund now owns 54,255 shares of the real estate investment trust's stock worth $616,000 after purchasing an additional 1,616 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in 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 purchasing an additional 1,637 shares during the last quarter. Institutional investors own 86.51% of the company's stock.

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Easterly Government Properties Stock Performance

NYSE DEA traded down $0.14 on Thursday, hitting $10.26. 1,229,165 shares of the stock were exchanged, compared to its average volume of 1,041,773. The company has a market capitalization of $1.11 billion, a PE ratio of 56.97 and a beta of 0.73. 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 business's fifty day moving average is $11.14 and its 200 day moving average is $12.27. Easterly Government Properties, Inc. has a 52 week low of $10.18 and a 52 week high of $14.53.

Easterly Government Properties (NYSE:DEA - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating 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 company had revenue of $78.25 million during the quarter, compared to analysts' expectations of $79.49 million. During the same period last year, the firm posted $0.28 earnings per share. The business's revenue was up 7.8% on a year-over-year basis. Research analysts anticipate that Easterly Government Properties, Inc. will post 1.17 EPS for the current fiscal year.

Easterly Government Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 10.34%. The ex-dividend date of this dividend is Wednesday, March 5th. Easterly Government Properties's dividend payout ratio is presently 557.89%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DEA. Truist Financial lowered their price target on shares of Easterly Government Properties from $14.00 to $13.00 and set a "hold" rating for the company in a research report on Friday, December 6th. StockNews.com raised Easterly Government Properties from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. Royal Bank of Canada decreased their price objective on Easterly Government Properties from $12.00 to $11.00 and set an "underperform" rating for the company in a research note on Monday. Finally, Jefferies Financial Group lowered their price objective on shares of Easterly Government Properties from $15.00 to $12.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd.

Insider Transactions at Easterly Government Properties

In other Easterly Government Properties news, CEO Darrell W. Crate purchased 10,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $10.91 per share, with a total value of $109,100.00. Following the completion of the transaction, the chief executive officer now owns 171,479 shares in the company, valued at $1,870,835.89. The trade was a 6.19 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.10% of the stock is owned by corporate insiders.

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.