Easterly Government Properties, Inc. (NYSE:DEA) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 157.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,187 shares of the real estate investment trust's stock after purchasing an additional 36,210 shares during the quarter. Intech Investment Management LLC owned approximately 0.06% of Easterly Government Properties worth $672,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Prospera Financial Services Inc increased its stake in Easterly Government Properties by 51.4% during the third quarter. Prospera Financial Services Inc now owns 19,713 shares of the real estate investment trust's stock worth $268,000 after acquiring an additional 6,690 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Easterly Government Properties by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,909,257 shares of the real estate investment trust's stock valued at $25,928,000 after buying an additional 15,868 shares during the period. Penserra Capital Management LLC lifted its position in Easterly Government Properties by 23.0% in the third quarter. Penserra Capital Management LLC now owns 83,829 shares of the real estate investment trust's stock valued at $1,138,000 after buying an additional 15,655 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Easterly Government Properties by 3.5% during the third quarter. The Manufacturers Life Insurance Company now owns 48,846 shares of the real estate investment trust's stock worth $663,000 after buying an additional 1,637 shares during the period. Finally, Glenmede Trust Co. NA increased its position in shares of Easterly Government Properties by 29.3% during the third quarter. Glenmede Trust Co. NA now owns 15,858 shares of the real estate investment trust's stock valued at $215,000 after acquiring an additional 3,592 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

DEA has been the subject of a number of research analyst reports. StockNews.com raised shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. Truist Financial dropped their price objective on Easterly Government Properties from $14.00 to $13.00 and set a "hold" rating for the company in a research note on Friday, December 6th. Jefferies Financial Group started coverage on Easterly Government Properties in a report on Monday, March 17th. They issued a "buy" rating and a $13.00 price objective on the stock. Finally, Royal Bank of Canada lowered their target price on Easterly Government Properties from $12.00 to $11.00 and set an "underperform" rating for the company in a report on Monday, March 10th.

Easterly Government Properties Stock Up 0.1 %

DEA stock traded up $0.02 during midday trading on Thursday, hitting $10.57. The company's stock had a trading volume of 953,373 shares, compared to its average volume of 1,051,395. The firm has a 50-day simple moving average of $10.96 and a 200-day simple moving average of $12.08. The firm has a market capitalization of $1.14 billion, a P/E ratio of 58.69 and a beta of 0.73. 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 $14.53.

Easterly Government Properties (NYSE:DEA - Get Free Report) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.22. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The firm had revenue of $78.25 million during the quarter, compared to analyst estimates of $79.49 million. During the same period last year, the business posted $0.28 earnings per share. Easterly Government Properties's revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts forecast that Easterly Government Properties, Inc. will post 1.17 EPS for the current year.

Easterly Government Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 10.03%. The ex-dividend date was Wednesday, March 5th. Easterly Government Properties's dividend payout ratio is presently 557.89%.

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.