43,625 Shares in Easterly Government Properties, Inc. (NYSE:DEA) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,625 shares of the real estate investment trust's stock, valued at approximately $496,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp raised its holdings in Easterly Government Properties by 1.2% during the 3rd quarter. State Street Corp now owns 5,839,318 shares of the real estate investment trust's stock worth $79,298,000 after purchasing an additional 66,663 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Easterly Government Properties by 0.4% during the third quarter. Geode Capital Management LLC now owns 2,552,691 shares of the real estate investment trust's stock worth $34,671,000 after buying an additional 9,248 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Easterly Government Properties by 4.3% in the third quarter. Victory Capital Management Inc. now owns 1,932,660 shares of the real estate investment trust's stock valued at $26,246,000 after buying an additional 79,400 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Easterly Government Properties by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,909,257 shares of the real estate investment trust's stock worth $25,928,000 after acquiring an additional 15,868 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Easterly Government Properties by 478.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 672,306 shares of the real estate investment trust's stock valued at $9,130,000 after acquiring an additional 556,148 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.

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Wall Street Analyst Weigh In

DEA has been the topic of several recent research reports. Jefferies Financial Group reduced their price target on Easterly Government Properties from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Truist Financial reduced their target price on Easterly Government Properties from $14.00 to $13.00 and set a "hold" rating on the stock in a report on Friday, December 6th. Finally, StockNews.com upgraded Easterly Government Properties from a "sell" rating to a "hold" rating in a research report on Tuesday.

Easterly Government Properties Trading Down 0.5 %

Shares of NYSE DEA traded down $0.06 during midday trading on Thursday, reaching $11.06. 644,675 shares of the stock were exchanged, compared to its average volume of 1,011,398. 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 $10.45 and a 12 month high of $14.53. The business has a 50-day simple moving average of $11.19 and a two-hundred day simple moving average of $12.38. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 61.25 and a beta of 0.73.

Easterly Government Properties (NYSE:DEA - Get Free Report) last posted its earnings results 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 firm 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 company's revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 earnings per share. As a group, equities research analysts expect that Easterly Government Properties, Inc. will post 1.17 EPS for the current year.

Easterly Government Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.265 per share. The ex-dividend date is Wednesday, March 5th. This represents a $1.06 annualized dividend and a yield of 9.59%. Easterly Government Properties's dividend payout ratio (DPR) is currently 557.89%.

Insider Buying and Selling at Easterly Government Properties

In related news, CEO Darrell W. Crate acquired 10,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $10.91 per share, with a total value of $109,100.00. Following the completion of the transaction, the chief executive officer now directly owns 171,479 shares of the company's stock, valued at approximately $1,870,835.89. The trade was a 6.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.10% of the company's stock.

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.