Easterly Government Properties, Inc. (NYSE:DEA) CEO Darrell W. Crate Buys 10,000 Shares

Easterly Government Properties, Inc. (NYSE:DEA - Get Free Report) CEO Darrell W. Crate purchased 10,000 shares of the stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $10.91 per share, with a total value of $109,100.00. Following the transaction, the chief executive officer now owns 171,479 shares of the company's stock, valued at $1,870,835.89. This trade represents a 6.19 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Easterly Government Properties Stock Performance

DEA stock traded down $0.13 during mid-day trading on Monday, reaching $11.04. 2,123,712 shares of the stock traded hands, compared to its average volume of 982,544. Easterly Government Properties, Inc. has a 52 week low of $10.76 and a 52 week high of $14.52. The firm has a market capitalization of $1.17 billion, a PE ratio of 61.33 and a beta of 0.69. The business has a 50-day moving average of $12.77 and a two-hundred day moving average of $13.01. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07.

Easterly Government Properties (NYSE:DEA - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.24). Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The business had revenue of $74.78 million during the quarter, compared to the consensus estimate of $74.98 million. During the same period last year, the firm earned $0.29 EPS. The company's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts predict that Easterly Government Properties, Inc. will post 1.16 EPS for the current fiscal year.

Easterly Government Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.265 per share. The ex-dividend date was Friday, November 15th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.60%. Easterly Government Properties's payout ratio is currently 588.89%.

Institutional Trading of Easterly Government Properties

A number of institutional investors have recently bought and sold shares of DEA. Sunbelt Securities Inc. increased its position in shares of Easterly Government Properties by 47.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 30,100 shares of the real estate investment trust's stock valued at $409,000 after buying an additional 9,700 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 valued at $34,671,000 after purchasing an additional 9,248 shares in the last quarter. Barclays PLC grew its position in shares of Easterly Government Properties by 324.6% in the 3rd quarter. Barclays PLC now owns 165,212 shares of the real estate investment trust's stock valued at $2,244,000 after purchasing an additional 126,306 shares during the period. Legacy Investment Solutions LLC bought a new stake in Easterly Government Properties during the 3rd quarter worth approximately $856,000. Finally, National Bank of Canada FI raised its holdings 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 buying an additional 40,492 shares during the period. Institutional investors and hedge funds own 86.51% of the company's stock.

Wall Street Analyst Weigh In

DEA has been the subject of several recent research reports. Truist Financial lowered their target price 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. StockNews.com raised shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group raised shares of Easterly Government Properties from a "hold" rating to a "buy" rating and lifted their target price for the company from $13.00 to $15.00 in a research note on Monday, October 14th.

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.