Nisa Investment Advisors LLC Sells 6,373 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

Nisa Investment Advisors LLC reduced its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 19.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,476 shares of the real estate investment trust’s stock after selling 6,373 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Easterly Government Properties were worth $301,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp boosted its position 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 buying an additional 66,663 shares during the last quarter. Geode Capital Management LLC increased its stake in Easterly Government Properties by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,552,691 shares of the real estate investment trust’s stock valued at $34,671,000 after buying an additional 9,248 shares during the last quarter. Victory Capital Management Inc. lifted its stake 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 acquiring an additional 79,400 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Easterly Government Properties by 0.8% during the third 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. Finally, Dimensional Fund Advisors LP lifted its holdings in 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 valued at $16,844,000 after purchasing an additional 9,738 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Insider Activity

In related news, CEO Darrell W. Crate purchased 10,000 shares of Easterly Government Properties stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $10.91 per share, for a total transaction of $109,100.00. Following the transaction, the chief executive officer now directly owns 171,479 shares in the company, valued at $1,870,835.89. The trade was a 6.19 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.10% of the company’s stock.

Easterly Government Properties Trading Down 1.5 %

NYSE DEA opened at $11.11 on Thursday. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 61.74 and a beta of 0.69. The business has a 50 day moving average price of $11.61 and a 200-day moving average price of $12.82. Easterly Government Properties, Inc. has a 52 week low of $10.76 and a 52 week high of $14.52. 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 posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.24). Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The company had revenue of $74.78 million for the quarter, compared to the consensus estimate of $74.98 million. During the same quarter in the previous year, the company posted $0.29 EPS. Easterly Government Properties’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts expect that Easterly Government Properties, Inc. will post 1.16 earnings per share for the current fiscal year.

Easterly Government Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 9.54%. The ex-dividend date of this dividend was Friday, November 15th. Easterly Government Properties’s dividend payout ratio (DPR) is presently 588.89%.

Analysts Set New Price Targets

Several research analysts have weighed in on DEA shares. Jefferies Financial Group lowered their price objective 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. StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Truist Financial lowered their price objective on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, December 6th.

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.