State Street Corp Raises Stock Position in Easterly Government Properties, Inc. (NYSE:DEA)

State Street Corp lifted its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,839,318 shares of the real estate investment trust’s stock after acquiring an additional 66,663 shares during the quarter. State Street Corp owned about 5.53% of Easterly Government Properties worth $79,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP acquired a new position in shares of Easterly Government Properties during the third quarter worth about $142,000. ClearAlpha Technologies LP purchased a new stake in shares of Easterly Government Properties during the 3rd quarter valued at about $471,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Easterly Government Properties by 478.8% during the 3rd 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 acquiring an additional 556,148 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Easterly Government Properties by 18.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 98,673 shares of the real estate investment trust’s stock worth $1,340,000 after acquiring an additional 15,678 shares during the period. Finally, Glenmede Trust Co. NA grew its position in 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 valued at $215,000 after acquiring an additional 3,592 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DEA. Truist Financial decreased 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 note on Friday, December 6th. StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group raised Easterly Government Properties from a “hold” rating to a “buy” rating and increased their price target for the company from $13.00 to $15.00 in a report on Monday, October 14th.

Easterly Government Properties Trading Down 0.8 %

DEA opened at $11.63 on Wednesday. Easterly Government Properties, Inc. has a 12-month low of $10.94 and a 12-month high of $14.52. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01. The stock has a market capitalization of $1.23 billion, a PE ratio of 64.58 and a beta of 0.69. The firm’s fifty day moving average price is $12.90 and its 200 day moving average price is $13.03.

Easterly Government Properties (NYSE:DEA) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.24). The company had revenue of $74.78 million during the quarter, compared to analyst estimates of $74.98 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 EPS. As a group, research analysts expect that Easterly Government Properties, Inc. will post 1.16 EPS for the current fiscal year.

Easterly Government Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.265 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.12%. Easterly Government Properties’s dividend payout ratio (DPR) is 588.89%.

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.