Rhumbline Advisers Boosts Stock Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Rhumbline Advisers boosted its position in shares of 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 buying an additional 1,071 shares during the period. Rhumbline Advisers owned 0.30% of Easterly Government Properties worth $3,657,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Easterly Government Properties by 478.8% in the third 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 purchasing an additional 556,148 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Easterly Government Properties in the third quarter valued at approximately $3,449,000. Harbor Capital Advisors Inc. grew its position in shares of Easterly Government Properties by 145.8% in the third quarter. Harbor Capital Advisors Inc. now owns 224,825 shares of the real estate investment trust’s stock valued at $3,053,000 after purchasing an additional 133,367 shares in the last quarter. Barclays PLC lifted its holdings in Easterly Government Properties by 324.6% in the third quarter. Barclays PLC now owns 165,212 shares of the real estate investment trust’s stock valued at $2,244,000 after acquiring an additional 126,306 shares during the last quarter. Finally, 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 acquiring an additional 79,400 shares during the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Jefferies Financial Group decreased their price objective on Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. StockNews.com cut Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Finally, Truist Financial decreased their price objective 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.

Easterly Government Properties Stock Performance

Shares of DEA stock opened at $11.28 on Friday. The stock’s 50-day moving average is $11.18 and its two-hundred day moving average is $12.42. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 62.67 and a beta of 0.70. Easterly Government Properties, Inc. has a 1 year low of $10.45 and a 1 year high of $14.52. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.01 and a current ratio of 4.01.

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

Easterly Government Properties Announces Dividend

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

Insider Activity

In related news, CEO Darrell W. Crate purchased 10,000 shares of Easterly Government Properties stock in a transaction dated Monday, December 23rd. The stock was bought 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 owns 171,479 shares in the company, 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 SEC, which is available through this link. Insiders own 8.10% of the company’s stock.

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.