Charles Schwab Investment Management Inc. Has $22.44 Million Stock Position in Easterly Government Properties, Inc. (NYSE:DEA)

Charles Schwab Investment Management Inc. boosted its position in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,975,328 shares of the real estate investment trust's stock after purchasing an additional 66,071 shares during the period. Charles Schwab Investment Management Inc. owned about 1.87% of Easterly Government Properties worth $22,440,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in Easterly Government Properties by 1.2% during the 3rd quarter. State Street Corp now owns 5,839,318 shares of the real estate investment trust's stock worth $79,298,000 after purchasing an additional 66,663 shares in the last quarter. Geode Capital Management LLC increased its holdings in Easterly Government Properties by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,552,691 shares of the real estate investment trust's stock worth $34,671,000 after purchasing an additional 9,248 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Easterly Government Properties by 478.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 672,306 shares of the real estate investment trust's stock worth $9,130,000 after purchasing an additional 556,148 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Easterly Government Properties by 5.5% during the 4th quarter. Principal Financial Group Inc. now owns 481,556 shares of the real estate investment trust's stock worth $5,470,000 after purchasing an additional 25,172 shares in the last quarter. Finally, Xcel Wealth Management LLC grew its holdings in shares of Easterly Government Properties by 5.1% in the 4th quarter. Xcel Wealth Management LLC now owns 413,352 shares of the real estate investment trust's stock valued at $4,696,000 after acquiring an additional 20,129 shares in the last quarter. Institutional investors own 86.51% of the company's stock.

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Analyst Upgrades and Downgrades

DEA has been the subject of several analyst reports. Truist Financial decreased their price objective on Easterly Government Properties from $14.00 to $13.00 and set a "hold" rating for the company in a report on Friday, December 6th. Jefferies Financial Group initiated coverage on Easterly Government Properties in a report on Monday, March 17th. They issued a "buy" rating and a $13.00 price objective for the company. 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 report on Monday, March 10th. Finally, StockNews.com upgraded Easterly Government Properties from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th.

Easterly Government Properties Price Performance

Shares of NYSE DEA traded down $0.15 during midday trading on Friday, reaching $10.45. The company's stock had a trading volume of 2,056,194 shares, compared to its average volume of 1,051,611. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.01 and a current ratio of 4.01. Easterly Government Properties, Inc. has a fifty-two week low of $10.18 and a fifty-two week high of $14.53. The business's 50 day moving average price is $11.01 and its two-hundred day moving average price is $12.14. The company has a market cap of $1.13 billion, a P/E ratio of 58.03 and a beta of 0.73.

Easterly Government Properties (NYSE:DEA - Get Free Report) last announced 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. The business had revenue of $78.25 million for the quarter, compared to analysts' expectations of $79.49 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The firm's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. On average, analysts forecast that Easterly Government Properties, Inc. will post 1.17 EPS for the current fiscal year.

Easterly Government Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.265 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 10.15%. Easterly Government Properties's payout ratio is presently 557.89%.

Insiders Place Their Bets

In other Easterly Government Properties news, CEO Darrell W. Crate acquired 10,000 shares of Easterly Government Properties 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 8.10% of the company's stock.

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.