State Street Corp Grows Stock Position in Easterly Government Properties, Inc. (NYSE:DEA)

State Street Corp boosted its stake in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 1.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,839,318 shares of the real estate investment trust's stock after buying an additional 66,663 shares during the quarter. State Street Corp owned approximately 5.53% of Easterly Government Properties worth $79,298,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Easterly Government Properties by 35.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 997 shares during the last quarter. GAMMA Investing LLC increased its stake in Easterly Government Properties by 29.1% in the third quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 875 shares during the last quarter. KBC Group NV lifted its position in Easterly Government Properties by 62.4% during the third quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust's stock worth $71,000 after buying an additional 2,014 shares during the period. National Bank of Canada FI acquired a new stake in Easterly Government Properties in the 2nd quarter worth about $115,000. Finally, Signaturefd LLC boosted its stake in Easterly Government Properties by 34.6% in the 2nd quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust's stock worth $123,000 after buying an additional 2,563 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company's stock.

Wall Street Analyst Weigh In

DEA has been the topic of several recent analyst reports. Truist Financial cut 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 report on Friday, December 6th. Jefferies Financial Group raised shares of Easterly Government Properties from a "hold" rating to a "buy" rating and increased their price target for the stock from $13.00 to $15.00 in a research note on Monday, October 14th. Finally, StockNews.com upgraded shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a report on Thursday, October 10th.

Easterly Government Properties Trading Down 4.9 %

Shares of Easterly Government Properties stock traded down $0.57 during trading hours on Wednesday, reaching $11.07. The stock had a trading volume of 1,296,555 shares, compared to its average volume of 966,044. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 61.50 and a beta of 0.69. Easterly Government Properties, Inc. has a 1 year low of $10.94 and a 1 year high of $14.52. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07. The firm has a 50 day simple moving average of $12.86 and a two-hundred day simple moving average of $13.02.

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

Easterly Government Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.265 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.06 annualized dividend and a yield of 9.58%. Easterly Government Properties's dividend payout ratio is currently 588.89%.

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.