Darrell W. Crate Buys 10,000 Shares of Easterly Government Properties, Inc. (NYSE:DEA) Stock

Easterly Government Properties, Inc. (NYSE:DEA) CEO Darrell W. Crate bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $10.91 per share, for a total transaction of $109,100.00. Following the transaction, the chief executive officer now owns 171,479 shares in the company, valued at $1,870,835.89. The trade was a 6.19 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Easterly Government Properties Stock Up 1.5 %

DEA opened at $11.21 on Wednesday. The stock’s fifty day simple moving average is $12.66 and its 200 day simple moving average is $13.00. Easterly Government Properties, Inc. has a 1-year low of $10.76 and a 1-year high of $14.52. The stock has a market cap of $1.18 billion, a PE ratio of 62.28 and a beta of 0.69. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07.

Easterly Government Properties (NYSE:DEA) last issued 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). The company had revenue of $74.78 million during the quarter, compared to the consensus estimate of $74.98 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. Easterly Government Properties’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. As a group, research analysts expect that Easterly Government Properties, Inc. will post 1.16 earnings per share for the current year.

Easterly Government Properties Announces Dividend

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

Institutional Trading of Easterly Government Properties

Hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its position in Easterly Government Properties by 35.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 997 shares during the period. GAMMA Investing LLC raised its stake in Easterly Government Properties by 29.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 875 shares in the last quarter. KBC Group NV boosted its holdings 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 valued at $71,000 after purchasing an additional 2,014 shares during the period. National Bank of Canada FI acquired a new position in shares of Easterly Government Properties during the 2nd quarter worth approximately $115,000. Finally, Signaturefd LLC increased its holdings in shares of Easterly Government Properties by 34.6% during the second quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 2,563 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DEA shares. Jefferies Financial Group upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and increased their price objective for the stock from $13.00 to $15.00 in a research note on Monday, October 14th. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Truist Financial reduced their price target on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, December 6th.

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.