Kempner Capital Management Inc. Buys 60,840 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

Kempner Capital Management Inc. increased its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 23.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 317,980 shares of the real estate investment trust's stock after purchasing an additional 60,840 shares during the quarter. Easterly Government Properties makes up about 2.0% of Kempner Capital Management Inc.'s portfolio, making the stock its 27th largest holding. Kempner Capital Management Inc. owned about 0.30% of Easterly Government Properties worth $3,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew 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 acquiring an additional 66,663 shares during the last quarter. Geode Capital Management LLC grew 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 acquiring an additional 9,248 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Easterly Government Properties by 4.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,932,660 shares of the real estate investment trust's stock worth $26,246,000 after acquiring an additional 79,400 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Easterly Government Properties by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,909,257 shares of the real estate investment trust's stock worth $25,928,000 after acquiring an additional 15,868 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Easterly Government Properties by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,361,719 shares of the real estate investment trust's stock worth $16,844,000 after acquiring an additional 9,738 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Easterly Government Properties Stock Up 0.7 %

NYSE DEA traded up $0.08 on Tuesday, hitting $11.10. 664,103 shares of the company were exchanged, compared to its average volume of 1,024,510. The company has a market cap of $1.17 billion, a PE ratio of 61.54 and a beta of 0.70. Easterly Government Properties, Inc. has a 12 month low of $10.76 and a 12 month high of $14.52. The stock has a fifty day moving average of $11.53 and a 200-day moving average of $12.77. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07.

Easterly Government Properties (NYSE:DEA - Get Free Report) last announced its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 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 firm had revenue of $74.78 million during the quarter, compared to analysts' expectations of $74.98 million. During the same quarter in the prior year, the company earned $0.29 EPS. The business's revenue for the quarter was up 3.8% on a year-over-year basis. As a group, analysts forecast that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current year.

Insider Activity at Easterly Government Properties

In other news, CEO Darrell W. Crate bought 10,000 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was acquired at an average cost of $10.91 per share, with a total value of $109,100.00. Following the completion of the acquisition, the chief executive officer now owns 171,479 shares of the company's stock, valued at approximately $1,870,835.89. This 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 can be accessed through the SEC website. 8.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DEA has been the topic of a number of analyst reports. Truist Financial reduced their price objective on shares of Easterly Government Properties from $14.00 to $13.00 and set a "hold" rating on the stock in a research note on Friday, December 6th. Jefferies Financial Group reduced 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 research note on Thursday, January 2nd. Finally, StockNews.com raised shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a research note on Monday, January 27th.

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.