Barclays PLC Raises Stock Position in Easterly Government Properties, Inc. (NYSE:DEA)

Barclays PLC grew its position in Easterly Government Properties, Inc. (NYSE:DEA) by 324.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,212 shares of the real estate investment trust’s stock after buying an additional 126,306 shares during the period. Barclays PLC owned 0.16% of Easterly Government Properties worth $2,244,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. grew its position in Easterly Government Properties by 2.7% in the second quarter. Daiwa Securities Group Inc. now owns 31,873 shares of the real estate investment trust’s stock worth $394,000 after acquiring an additional 842 shares during the period. Arizona State Retirement System lifted its stake in shares of Easterly Government Properties by 3.3% in the 2nd quarter. Arizona State Retirement System now owns 27,221 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 859 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Easterly Government Properties by 2.8% in the 2nd quarter. Amalgamated Bank now owns 31,221 shares of the real estate investment trust’s stock valued at $386,000 after purchasing an additional 860 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Easterly Government Properties by 29.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 875 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position 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. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on DEA. Jefferies Financial Group raised shares of Easterly Government Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $13.00 to $15.00 in a research note on Monday, October 14th. Truist Financial lowered their price objective on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, December 6th. Finally, StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th.

Insider Buying and Selling

In related news, CEO Darrell W. Crate acquired 10,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of $10.91 per share, for a total transaction of $109,100.00. Following the purchase, the chief executive officer now owns 171,479 shares of the company’s stock, valued at $1,870,835.89. This represents a 6.19 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.10% of the stock is currently owned by insiders.

Easterly Government Properties Stock Performance

NYSE DEA opened at $11.21 on Thursday. 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 company has a market cap of $1.18 billion, a P/E ratio of 62.28 and a beta of 0.69. The stock has a 50-day moving average of $12.60 and a two-hundred day moving average of $12.98. Easterly Government Properties, Inc. has a 1-year low of $10.76 and a 1-year high of $14.52.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data 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 analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 EPS. As a group, analysts anticipate that Easterly Government Properties, Inc. will post 1.16 EPS for the current year.

Easterly Government Properties Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 9.46%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 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.