Easterly Government Properties, Inc. (NYSE:DEA) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers boosted its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 321,908 shares of the real estate investment trust’s stock after purchasing an additional 1,071 shares during the period. Rhumbline Advisers’ holdings in Easterly Government Properties were worth $3,657,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in Easterly Government Properties in the 3rd quarter valued at about $856,000. Barclays PLC boosted its position in Easterly Government Properties by 324.6% in the 3rd quarter. Barclays PLC now owns 165,212 shares of the real estate investment trust’s stock valued at $2,244,000 after buying an additional 126,306 shares during the last quarter. Kempner Capital Management Inc. boosted its position in Easterly Government Properties by 23.7% in the 4th quarter. Kempner Capital Management Inc. now owns 317,980 shares of the real estate investment trust’s stock valued at $3,612,000 after buying an additional 60,840 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in Easterly Government Properties by 2.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 143,148 shares of the real estate investment trust’s stock valued at $1,600,000 after buying an additional 3,310 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Easterly Government Properties by 3.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 48,846 shares of the real estate investment trust’s stock valued at $663,000 after buying an additional 1,637 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Easterly Government Properties news, CEO Darrell W. Crate purchased 10,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $10.91 per share, for a total transaction of $109,100.00. Following the acquisition, the chief executive officer now owns 171,479 shares of the company’s stock, valued at $1,870,835.89. This trade represents a 6.19 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 8.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on DEA. StockNews.com cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Monday, February 24th. Jefferies Financial Group reduced their price target on shares of 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. Finally, Truist Financial reduced 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.

Easterly Government Properties Price Performance

NYSE DEA opened at $11.28 on Friday. Easterly Government Properties, Inc. has a 12 month low of $10.45 and a 12 month high of $14.52. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01. The firm has a market capitalization of $1.22 billion, a PE ratio of 62.67 and a beta of 0.70. The company’s 50 day simple moving average is $11.18 and its 200 day simple moving average is $12.42.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.22. The business had revenue of $78.25 million for the quarter, compared to analyst estimates of $79.49 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. As a group, equities research analysts forecast that Easterly Government Properties, Inc. will post 1.17 EPS for the current fiscal year.

Easterly Government Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Wednesday, March 5th will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 9.40%. The ex-dividend date is Wednesday, March 5th. Easterly Government Properties’s dividend payout ratio is 557.89%.

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.