Easterly Government Properties, Inc. (NYSE:DEA) Shares Bought by Truist Financial Corp

Truist Financial Corp grew its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,435 shares of the real estate investment trust’s stock after acquiring an additional 1,574 shares during the quarter. Truist Financial Corp’s holdings in Easterly Government Properties were worth $243,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in shares of Easterly Government Properties during the 3rd quarter valued at about $856,000. Barclays PLC increased its stake in shares of Easterly Government Properties by 324.6% during the 3rd 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. Kempner Capital Management Inc. increased its stake in shares of Easterly Government Properties by 23.7% during 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 acquiring an additional 60,840 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Easterly Government Properties by 2.4% during 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 acquiring an additional 3,310 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Easterly Government Properties by 3.5% during 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 acquiring an additional 1,637 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Tuesday. Truist Financial dropped their target price 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, Jefferies Financial Group dropped their target price on shares of Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd.

Easterly Government Properties Stock Down 0.5 %

Shares of NYSE:DEA opened at $11.06 on Friday. 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, Inc. has a 52-week low of $10.45 and a 52-week high of $14.53. The company has a 50 day moving average of $11.19 and a two-hundred day moving average of $12.37. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 61.42 and a beta of 0.73.

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

Easterly Government Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th will be given a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 9.59%. The ex-dividend date is Wednesday, March 5th. Easterly Government Properties’s dividend payout ratio (DPR) is 557.89%.

Insider Activity

In other Easterly Government Properties news, CEO Darrell W. Crate bought 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 purchase, the chief executive officer now owns 171,479 shares in the company, valued at $1,870,835.89. This represents a 6.19 % increase in their position. The purchase 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.

About Easterly Government Properties

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.