Janney Montgomery Scott LLC Acquires 18,267 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

Janney Montgomery Scott LLC increased its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,483 shares of the real estate investment trust’s stock after purchasing an additional 18,267 shares during the period. Janney Montgomery Scott LLC owned approximately 0.26% of Easterly Government Properties worth $3,141,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. grew its stake in Easterly Government Properties by 35.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 997 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Easterly Government Properties by 29.1% during the third quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 875 shares during the period. KBC Group NV boosted its holdings in Easterly Government Properties by 62.4% during the third quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 2,014 shares during the period. Quantinno Capital Management LP acquired a new stake in shares of Easterly Government Properties in the third quarter valued at about $142,000. Finally, Glenmede Trust Co. NA increased its stake in shares of Easterly Government Properties by 29.3% in the third quarter. Glenmede Trust Co. NA now owns 15,858 shares of the real estate investment trust’s stock worth $215,000 after purchasing an additional 3,592 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DEA has been the topic of a number of research analyst reports. StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Monday, January 27th. Truist Financial lowered their price objective on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research note 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 on the stock in a research report on Thursday, January 2nd.

Easterly Government Properties Trading Up 0.0 %

DEA stock opened at $11.34 on Friday. The business has a fifty day moving average price of $11.56 and a 200 day moving average price of $12.80. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01. Easterly Government Properties, Inc. has a fifty-two week low of $10.76 and a fifty-two week high of $14.52. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 62.97 and a beta of 0.69.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data 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 business had revenue of $74.78 million during the quarter, compared to analyst estimates of $74.98 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts expect that Easterly Government Properties, Inc. will post 1.17 EPS for the current fiscal year.

Insider Activity

In related news, CEO Darrell W. Crate purchased 10,000 shares of the stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $10.91 per share, with a total value of $109,100.00. Following the transaction, the chief executive officer now directly owns 171,479 shares of the company’s stock, valued at $1,870,835.89. This trade represents a 6.19 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.10% of the company’s stock.

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.