Victory Capital Management Inc. Buys 9,226 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

Victory Capital Management Inc. lifted its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 0.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,941,886 shares of the real estate investment trust’s stock after acquiring an additional 9,226 shares during the period. Victory Capital Management Inc. owned approximately 1.84% of Easterly Government Properties worth $22,060,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Easterly Government Properties by 478.8% during 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 worth $9,130,000 after purchasing an additional 556,148 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Easterly Government Properties during the 3rd quarter valued at about $3,449,000. Barclays PLC lifted its position in Easterly Government Properties by 324.6% in the 3rd quarter. Barclays PLC now owns 165,212 shares of the real estate investment trust’s stock worth $2,244,000 after buying an additional 126,306 shares during the last quarter. State Street Corp boosted its stake in Easterly Government Properties by 1.2% in the third quarter. State Street Corp now owns 5,839,318 shares of the real estate investment trust’s stock worth $79,298,000 after buying an additional 66,663 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Easterly Government Properties by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,975,328 shares of the real estate investment trust’s stock valued at $22,440,000 after acquiring an additional 66,071 shares during the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Easterly Government Properties Stock Down 4.0 %

Shares of NYSE DEA opened at $10.34 on Wednesday. The firm’s fifty day moving average is $11.16 and its 200 day moving average is $12.28. Easterly Government Properties, Inc. has a 52 week low of $10.32 and a 52 week high of $14.53. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 57.42 and a beta of 0.73.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.22. The firm had revenue of $78.25 million for the quarter, compared to analysts’ expectations of $79.49 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 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 earnings per share. On average, equities research analysts expect that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current year.

Easterly Government Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 10.26%. The ex-dividend date of this dividend is Wednesday, March 5th. Easterly Government Properties’s payout ratio is 557.89%.

Insiders Place Their Bets

In other Easterly Government Properties news, CEO Darrell W. Crate purchased 10,000 shares of the company’s stock in a transaction that occurred on 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 completion of the purchase, the chief executive officer now directly owns 171,479 shares of the company’s stock, valued at $1,870,835.89. The trade was a 6.19 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have 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 note on Tuesday, March 4th. Jefferies Financial Group lowered their price target on shares of Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Royal Bank of Canada reduced their price objective on Easterly Government Properties from $12.00 to $11.00 and set an “underperform” rating on the stock in a research note on Monday. Finally, Truist Financial lowered their target price 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 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.