Easterly Government Properties, Inc. (NYSE:DEA) Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 16.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 844,024 shares of the real estate investment trust’s stock after selling 165,176 shares during the quarter. Bank of New York Mellon Corp owned 0.80% of Easterly Government Properties worth $9,588,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of DEA. KBC Group NV lifted its stake in Easterly Government Properties by 62.4% in the 3rd quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 2,014 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in Easterly Government Properties in the 3rd quarter worth about $142,000. Glenmede Trust Co. NA lifted its stake in Easterly Government Properties by 29.3% in the 3rd quarter. Glenmede Trust Co. NA now owns 15,858 shares of the real estate investment trust’s stock worth $215,000 after acquiring an additional 3,592 shares in the last quarter. Prospera Financial Services Inc lifted its stake in Easterly Government Properties by 51.4% in the 3rd quarter. Prospera Financial Services Inc now owns 19,713 shares of the real estate investment trust’s stock worth $268,000 after acquiring an additional 6,690 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in Easterly Government Properties by 7.9% in the 4th quarter. Truist Financial Corp now owns 21,435 shares of the real estate investment trust’s stock worth $243,000 after acquiring an additional 1,574 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Insider Buying and Selling at Easterly Government Properties

In other news, CEO Darrell W. Crate acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average cost of $10.91 per share, for a total transaction of $109,100.00. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DEA. StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th. Jefferies Financial Group reduced their price objective on 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 cut their price target on Easterly Government Properties from $12.00 to $11.00 and set an “underperform” rating for the company in a research note on Monday, March 10th. Finally, Truist Financial cut their price target 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 Trading Up 3.0 %

Shares of DEA opened at $10.57 on Friday. The stock has a fifty day moving average price of $11.11 and a two-hundred day moving average price of $12.26. 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, Inc. has a 52-week low of $10.18 and a 52-week high of $14.53. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 58.69 and a beta of 0.73.

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

Easterly Government Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th will be paid a $0.265 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.06 dividend on an annualized basis and a yield of 10.03%. Easterly Government Properties’s payout ratio is 557.89%.

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.