Easterly Government Properties, Inc. (NYSE:DEA) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 844,024 shares of the real estate investment trust's stock after selling 165,176 shares during the period. Bank of New York Mellon Corp owned 0.80% of Easterly Government Properties worth $9,588,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DEA. Harbour Investments Inc. grew its stake in shares of Easterly Government Properties by 2,764.1% in the 3rd quarter. Harbour Investments Inc. now owns 33,080 shares of the real estate investment trust's stock valued at $449,000 after buying an additional 31,925 shares during the period. Victory Capital Management Inc. grew its stake in shares of Easterly Government Properties by 4.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,932,660 shares of the real estate investment trust's stock valued at $26,246,000 after buying an additional 79,400 shares during the period. KBC Group NV grew its stake in shares of Easterly Government Properties by 62.4% in the 3rd quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust's stock valued at $71,000 after buying an additional 2,014 shares during the period. Quest Partners LLC purchased a new position in shares of Easterly Government Properties during the 3rd quarter worth approximately $3,449,000. Finally, Prospera Financial Services Inc boosted its position in shares of Easterly Government Properties by 51.4% during the 3rd quarter. Prospera Financial Services Inc now owns 19,713 shares of the real estate investment trust's stock worth $268,000 after purchasing an additional 6,690 shares during the period. Hedge funds and other institutional investors own 86.51% of the company's stock.

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Insider Activity

In other news, CEO Darrell W. Crate acquired 10,000 shares of Easterly Government Properties stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of $10.91 per share, for a total transaction of $109,100.00. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 8.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Truist Financial lowered their price objective 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 shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. Jefferies Financial Group initiated coverage on shares of Easterly Government Properties in a research report on Monday. They set a "buy" rating and a $13.00 price objective for the company. Finally, Royal Bank of Canada decreased their price target on shares of Easterly Government Properties from $12.00 to $11.00 and set an "underperform" rating for the company in a research report on Monday, March 10th.

Easterly Government Properties Stock Down 1.4 %

DEA stock traded down $0.15 during midday trading on Tuesday, hitting $10.58. The company's stock had a trading volume of 1,144,601 shares, compared to its average volume of 1,480,564. 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, Inc. has a 52-week low of $10.18 and a 52-week high of $14.52. The firm has a market capitalization of $1.14 billion, a P/E ratio of 58.75 and a beta of 0.73. The firm has a 50-day simple moving average of $11.08 and a 200-day simple moving average of $12.20.

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 for the quarter, beating analysts' consensus estimates of $0.07 by $0.22. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The business had revenue of $78.25 million for the quarter, compared to analyst estimates of $79.49 million. During the same period last year, the business earned $0.28 EPS. The company's revenue was up 7.8% on a year-over-year basis. As a group, equities analysts forecast that Easterly Government Properties, Inc. will post 1.17 EPS for the current year.

Easterly Government Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were issued a $0.265 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 10.02%. Easterly Government Properties's payout ratio is 557.89%.

Easterly Government Properties 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.