70,300 Shares in Easterly Government Properties, Inc. (NYSE:DEA) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 70,300 shares of the real estate investment trust's stock, valued at approximately $799,000. KLP Kapitalforvaltning AS owned about 0.07% of Easterly Government Properties as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DEA. Legacy Investment Solutions LLC purchased a new position in shares of Easterly Government Properties in the third quarter worth $856,000. Barclays PLC increased its position in shares of Easterly Government Properties by 324.6% in the 3rd quarter. Barclays PLC now owns 165,212 shares of the real estate investment trust's stock valued at $2,244,000 after acquiring an additional 126,306 shares during the period. Kempner Capital Management Inc. raised its stake in Easterly Government Properties by 23.7% in the 4th quarter. Kempner Capital Management Inc. now owns 317,980 shares of the real estate investment trust's stock worth $3,612,000 after acquiring an additional 60,840 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Easterly Government Properties by 2.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 143,148 shares of the real estate investment trust's stock worth $1,600,000 after acquiring an additional 3,310 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Easterly Government Properties by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,975,328 shares of the real estate investment trust's stock valued at $22,440,000 after purchasing an additional 66,071 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Easterly Government Properties Price Performance

Shares of NYSE:DEA traded down $0.18 during trading on Friday, reaching $10.08. 2,059,165 shares of the company's stock traded hands, compared to its average volume of 1,098,305. 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 fifty-two week low of $9.90 and a fifty-two week high of $14.53. The company has a 50-day simple moving average of $10.81 and a 200-day simple moving average of $11.93. The firm has a market cap of $1.09 billion, a PE ratio of 55.97 and a beta of 0.87.

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

Easterly Government Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 10.52%. The ex-dividend date of this dividend was Wednesday, March 5th. Easterly Government Properties's dividend payout ratio is presently 557.89%.

Analyst Ratings Changes

DEA has been the subject of several research analyst reports. Truist Financial reduced 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. Royal Bank of Canada decreased their price objective on shares of Easterly Government Properties from $12.00 to $11.00 and set an "underperform" rating for the company in a research note on Monday, March 10th. StockNews.com raised Easterly Government Properties from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, 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 for the company.

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.