Geode Capital Management LLC Has $34.67 Million Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Geode Capital Management LLC raised its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 0.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,552,691 shares of the real estate investment trust’s stock after buying an additional 9,248 shares during the period. Geode Capital Management LLC owned about 2.42% of Easterly Government Properties worth $34,671,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DEA. State Street Corp raised its stake in Easterly Government Properties by 1.2% in the 3rd quarter. State Street Corp now owns 5,839,318 shares of the real estate investment trust’s stock valued at $79,298,000 after acquiring an additional 66,663 shares during the period. Victory Capital Management Inc. raised its position in shares of 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 purchasing an additional 79,400 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 buying an additional 15,868 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Easterly Government Properties by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,361,719 shares of the real estate investment trust’s stock worth $16,844,000 after buying an additional 9,738 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Easterly Government Properties by 9.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,144,075 shares of the real estate investment trust’s stock worth $14,152,000 after buying an additional 102,521 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Easterly Government Properties Stock Performance

Shares of NYSE:DEA opened at $11.21 on Thursday. Easterly Government Properties, Inc. has a 12-month low of $10.76 and a 12-month high of $14.52. The company’s 50 day moving average price is $12.60 and its two-hundred day moving average price is $12.98. The firm has a market cap of $1.18 billion, a PE ratio of 62.28 and a beta of 0.69. 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 (NYSE:DEA) last issued its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.24). The company had revenue of $74.78 million for the quarter, compared to analyst estimates of $74.98 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 EPS. Equities research analysts predict that Easterly Government Properties, Inc. will post 1.16 earnings per share for the current year.

Easterly Government Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.265 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.06 annualized dividend and a yield of 9.46%. Easterly Government Properties’s dividend payout ratio is 588.89%.

Insiders Place Their Bets

In other news, CEO Darrell W. Crate purchased 10,000 shares of the business’s 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 acquisition, the chief executive officer now owns 171,479 shares in the company, valued at approximately $1,870,835.89. The trade was a 6.19 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DEA. Jefferies Financial Group upgraded Easterly Government Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $13.00 to $15.00 in a report on Monday, October 14th. StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Truist Financial lowered their price objective on 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 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.