Vanguard Group Inc. Has $126.77 Million Position in Easterly Government Properties, Inc. (NYSE:DEA)

Vanguard Group Inc. boosted its position in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,159,553 shares of the real estate investment trust's stock after acquiring an additional 44,202 shares during the period. Vanguard Group Inc. owned 10.56% of Easterly Government Properties worth $126,773,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Rhumbline Advisers boosted its holdings in shares of Easterly Government Properties by 0.3% in the fourth quarter. Rhumbline Advisers now owns 321,908 shares of the real estate investment trust's stock valued at $3,657,000 after buying an additional 1,071 shares during the period. Louisiana State Employees Retirement System increased its holdings in Easterly Government Properties by 2.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 48,000 shares of the real estate investment trust's stock worth $545,000 after purchasing an additional 1,200 shares in the last quarter. Truist Financial Corp raised its stake in shares of Easterly Government Properties by 7.9% in the 4th quarter. Truist Financial Corp now owns 21,435 shares of the real estate investment trust's stock valued at $243,000 after purchasing an additional 1,574 shares during the period. Illinois Municipal Retirement Fund lifted its holdings 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 in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position 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 buying an additional 1,637 shares during the period. Institutional investors own 86.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in 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 report on Monday, March 10th. Jefferies Financial Group initiated coverage on shares of Easterly Government Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $13.00 target price for the company. Compass Point reiterated a "neutral" rating and issued a $9.50 price target (down from $15.00) on shares of Easterly Government Properties in a research note on Thursday. Finally, StockNews.com upgraded shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $11.63.

Easterly Government Properties Stock Down 1.6 %

Shares of NYSE:DEA traded down $0.14 during midday trading on Friday, hitting $8.10. The stock had a trading volume of 4,001,700 shares, compared to its average volume of 1,147,373. The company has a market cap of $874.03 million, a P/E ratio of 44.97 and a beta of 0.87. Easterly Government Properties, Inc. has a 12 month low of $7.79 and a 12 month high of $14.53. The business's 50-day simple moving average is $10.50 and its 200-day simple moving average is $11.70. 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 shares are set to reverse split before the market opens on Monday, April 28th. The 2-5 reverse split was announced on Wednesday, April 9th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, April 25th.

Easterly Government Properties (NYSE:DEA - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $78.25 million during the quarter, compared to analysts' expectations of $79.49 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The business's revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. On average, sell-side analysts forecast that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current fiscal year.

Easterly Government Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 13.09%. The ex-dividend date of this dividend was Wednesday, March 5th. Easterly Government Properties's payout ratio is 378.95%.

Easterly Government Properties 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.