Geode Capital Management LLC Acquires 9,248 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

Geode Capital Management LLC raised its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,552,691 shares of the real estate investment trust’s stock after acquiring an additional 9,248 shares during the period. Geode Capital Management LLC’s holdings in Easterly Government Properties were worth $34,671,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. State Street Corp grew its holdings in shares of Easterly Government Properties by 1.2% during the 3rd quarter. State Street Corp now owns 5,839,318 shares of the real estate investment trust’s stock valued at $79,298,000 after purchasing an additional 66,663 shares during the last quarter. Victory Capital Management Inc. boosted its position in Easterly Government Properties by 4.3% in the third quarter. Victory Capital Management Inc. now owns 1,932,660 shares of the real estate investment trust’s stock valued at $26,246,000 after buying an additional 79,400 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Easterly Government Properties by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,909,257 shares of the real estate investment trust’s stock valued at $25,928,000 after buying an additional 15,868 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Easterly Government Properties by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,361,719 shares of the real estate investment trust’s stock worth $16,844,000 after buying an additional 9,738 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Easterly Government Properties by 9.8% during the second quarter. Bank of New York Mellon Corp now owns 1,144,075 shares of the real estate investment trust’s stock worth $14,152,000 after buying an additional 102,521 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Insider Transactions at Easterly Government Properties

In other Easterly Government Properties news, CEO Darrell W. Crate acquired 10,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were bought at an average cost of $10.91 per share, with a total value of $109,100.00. Following the purchase, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.10% of the stock is currently owned by corporate insiders.

Easterly Government Properties Stock Performance

NYSE DEA opened at $11.21 on Thursday. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 62.28 and a beta of 0.69. 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 twelve month low of $10.76 and a twelve month high of $14.52. The stock has a fifty day simple moving average of $12.60 and a 200 day simple moving average of $12.98.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results 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). 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 company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. Sell-side analysts expect that Easterly Government Properties, Inc. will post 1.16 EPS for the current year.

Easterly Government Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.46%. The ex-dividend date of this dividend was Friday, November 15th. Easterly Government Properties’s dividend payout ratio is currently 588.89%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Jefferies Financial Group raised Easterly Government Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $13.00 to $15.00 in a research note on Monday, October 14th. Finally, Truist Financial lowered their price objective 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 Company 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.