Gilman Hill Asset Management LLC Decreases Stock Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Gilman Hill Asset Management LLC lessened its stake in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 12.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 690,041 shares of the real estate investment trust's stock after selling 100,512 shares during the quarter. Easterly Government Properties makes up about 1.4% of Gilman Hill Asset Management LLC's investment portfolio, making the stock its 18th largest position. Gilman Hill Asset Management LLC owned about 0.65% of Easterly Government Properties worth $7,839,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DEA. Mirae Asset Global Investments Co. Ltd. boosted its stake in Easterly Government Properties by 35.6% during 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 buying an additional 997 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Easterly Government Properties by 29.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 875 shares in the last quarter. KBC Group NV boosted its position in shares of Easterly Government Properties by 62.4% during the 3rd quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust's stock valued at $71,000 after acquiring an additional 2,014 shares during the last quarter. Quantinno Capital Management LP purchased a new position in shares of Easterly Government Properties in the third quarter valued at $142,000. Finally, Evergreen Capital Management LLC increased its position in Easterly Government Properties by 20.7% in the second quarter. Evergreen Capital Management LLC now owns 14,102 shares of the real estate investment trust's stock worth $174,000 after purchasing an additional 2,418 shares during the last quarter. Institutional investors own 86.51% of the company's stock.

Easterly Government Properties Trading Up 0.2 %

Shares of NYSE:DEA traded up $0.03 during trading hours on Monday, hitting $11.53. 832,241 shares of the company's stock traded hands, compared to its average volume of 1,201,562. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01. The business has a fifty day moving average price of $11.79 and a 200-day moving average price of $12.89. Easterly Government Properties, Inc. has a 1 year low of $10.76 and a 1 year high of $14.52. The firm has a market capitalization of $1.22 billion, a P/E ratio of 64.03 and a beta of 0.69.

Easterly Government Properties (NYSE:DEA - Get Free Report) last released its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.24). The business had revenue of $74.78 million during the quarter, compared to analysts' expectations of $74.98 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The business's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. Equities analysts expect that Easterly Government Properties, Inc. will post 1.16 earnings per share for the current year.

Easterly Government Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a $0.265 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.06 annualized dividend and a yield of 9.20%. Easterly Government Properties's dividend payout ratio (DPR) is 588.89%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Jefferies Financial Group lowered their price objective on shares of Easterly Government Properties from $15.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Truist Financial dropped their price target on 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. Finally, StockNews.com downgraded Easterly Government Properties from a "hold" rating to a "sell" rating in a research report on Friday, January 3rd.

Insiders Place Their Bets

In other news, CEO Darrell W. Crate bought 10,000 shares of the stock in a transaction on Monday, December 23rd. The stock was 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 represents a 6.19 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.