KLP Kapitalforvaltning AS Invests $799,000 in Easterly Government Properties, Inc. (NYSE:DEA)

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

A number of other institutional investors have also recently bought and sold shares of the business. Rhumbline Advisers boosted its position in Easterly Government Properties by 0.3% during the fourth quarter. Rhumbline Advisers now owns 321,908 shares of the real estate investment trust's stock worth $3,657,000 after purchasing an additional 1,071 shares during the period. Louisiana State Employees Retirement System lifted its position in Easterly Government Properties by 2.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 48,000 shares of the real estate investment trust's stock worth $545,000 after acquiring an additional 1,200 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of Easterly Government Properties by 7.9% during the fourth quarter. Truist Financial Corp now owns 21,435 shares of the real estate investment trust's stock worth $243,000 after acquiring an additional 1,574 shares during the period. Illinois Municipal Retirement Fund grew its position in shares of Easterly Government Properties by 3.1% in the fourth quarter. Illinois Municipal Retirement Fund now owns 54,255 shares of the real estate investment trust's stock valued at $616,000 after purchasing an additional 1,616 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of 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 purchasing an additional 1,637 shares during the period. Institutional investors and hedge funds own 86.51% of the company's stock.

Remove Ads

Easterly Government Properties Price Performance

DEA traded down $0.10 on Friday, hitting $10.15. 951,759 shares of the stock were exchanged, compared to its average volume of 1,091,977. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 56.45 and a beta of 0.87. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01. Easterly Government Properties, Inc. has a 12 month low of $9.93 and a 12 month high of $14.53. The business has a 50-day moving average of $10.84 and a two-hundred day moving average of $11.96.

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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $79.49 million. During the same quarter last year, the business posted $0.28 EPS. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts forecast that Easterly Government Properties, Inc. will post 1.17 EPS for the current fiscal year.

Easterly Government Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were given a dividend of $0.265 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.06 annualized dividend and a dividend yield of 10.44%. Easterly Government Properties's dividend payout ratio is currently 557.89%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DEA. Royal Bank of Canada reduced their price target on 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. Truist Financial lowered their price target on shares of Easterly Government Properties from $14.00 to $13.00 and set a "hold" rating on the stock in a research report on Friday, December 6th. Jefferies Financial Group started coverage on shares of Easterly Government Properties in a report on Monday, March 17th. They issued a "buy" rating and a $13.00 price objective for the company. Finally, StockNews.com upgraded shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th.

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.