Principal Financial Group Inc. Raises Position in Easterly Government Properties, Inc. (NYSE:DEA)

Principal Financial Group Inc. lifted its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 481,556 shares of the real estate investment trust's stock after purchasing an additional 25,172 shares during the period. Principal Financial Group Inc. owned 0.46% of Easterly Government Properties worth $5,470,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Creative Planning grew its position in shares of Easterly Government Properties by 23.4% in the 3rd quarter. Creative Planning now owns 29,657 shares of the real estate investment trust's stock valued at $403,000 after buying an additional 5,616 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Easterly Government Properties by 10.8% in the third quarter. Private Advisor Group LLC now owns 28,117 shares of the real estate investment trust's stock worth $382,000 after acquiring an additional 2,745 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Easterly Government Properties by 35.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 997 shares during the last quarter. abrdn plc boosted its holdings in Easterly Government Properties by 10.6% in the third quarter. abrdn plc now owns 19,047 shares of the real estate investment trust's stock valued at $259,000 after acquiring an additional 1,818 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Easterly Government Properties by 1.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 258,216 shares of the real estate investment trust's stock worth $3,507,000 after purchasing an additional 4,123 shares during the last quarter. Institutional investors own 86.51% of the company's stock.

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Easterly Government Properties Trading Up 1.2 %

Shares of DEA stock traded up $0.13 during trading hours on Friday, hitting $11.17. 937,560 shares of the company were exchanged, compared to its average volume of 1,014,028. 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 $10.45 and a fifty-two week high of $14.53. The company has a 50 day simple moving average of $11.19 and a two-hundred day simple moving average of $12.37. The firm has a market cap of $1.21 billion, a P/E ratio of 61.97 and a beta of 0.73.

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

Easterly Government Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th will be issued a $0.265 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.06 annualized dividend and a yield of 9.49%. Easterly Government Properties's payout ratio is currently 557.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on DEA shares. 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 cut their price target on shares of Easterly Government Properties from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Finally, StockNews.com raised Easterly Government Properties from a "sell" rating to a "hold" rating in a research report on Tuesday.

Insider Buying and Selling at Easterly Government Properties

In other Easterly Government Properties news, CEO Darrell W. Crate acquired 10,000 shares of the stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $10.91 per share, for a total transaction of $109,100.00. Following the completion of the acquisition, the chief executive officer now owns 171,479 shares in the company, valued at approximately $1,870,835.89. This represents a 6.19 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 8.10% of the company's stock.

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.