Victory Capital Management Inc. Grows Position in Easterly Government Properties, Inc. (NYSE:DEA)

Victory Capital Management Inc. increased its position in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,932,660 shares of the real estate investment trust's stock after acquiring an additional 79,400 shares during the quarter. Victory Capital Management Inc. owned about 1.88% of Easterly Government Properties worth $26,246,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Easterly Government Properties by 56.6% in the second quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 1,086 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Easterly Government Properties by 35.6% in 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 buying an additional 997 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Easterly Government Properties during the first quarter valued at about $89,000. National Bank of Canada FI purchased a new position in shares of Easterly Government Properties in the second quarter valued at about $115,000. Finally, Signaturefd LLC boosted its stake in shares of Easterly Government Properties by 34.6% in the second quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust's stock worth $123,000 after acquiring an additional 2,563 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

Easterly Government Properties Price Performance

Easterly Government Properties stock traded down $0.08 during midday trading on Monday, reaching $11.99. 2,377,099 shares of the stock traded hands, compared to its average volume of 917,301. 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 12 month low of $10.94 and a 12 month high of $14.52. The stock's fifty day moving average is $13.52 and its 200-day moving average is $13.01. The stock has a market cap of $1.27 billion, a P/E ratio of 66.58 and a beta of 0.72.

Easterly Government Properties (NYSE:DEA - Get Free Report) last posted its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.24). The business had revenue of $74.78 million during the quarter, compared to analysts' expectations of $74.98 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. As a group, equities research analysts anticipate that Easterly Government Properties, Inc. will post 1.15 EPS for the current year.

Easterly Government Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be given a $0.265 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.06 annualized dividend and a yield of 8.84%. Easterly Government Properties's dividend payout ratio is currently 588.89%.

Analyst Ratings Changes

Several analysts recently issued reports on DEA shares. Truist Financial lifted their target price on Easterly Government Properties from $13.00 to $14.00 and gave the company a "hold" rating in a research note on Thursday, August 29th. StockNews.com raised shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group upgraded shares of Easterly Government Properties from a "hold" rating to a "buy" rating and upped their target price for the stock from $13.00 to $15.00 in a research report on Monday, October 14th.

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.