Easterly Government Properties, Inc. (NYSE:DEA) Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC cut its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 35.4% in the 4th quarter, Holdings Channel reports. The firm owned 2,508 shares of the real estate investment trust’s stock after selling 1,373 shares during the period. GAMMA Investing LLC’s holdings in Easterly Government Properties were worth $28,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Easterly Government Properties by 35.6% in the third 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 in the last quarter. KBC Group NV grew its holdings in shares of 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 during the last quarter. Quantinno Capital Management LP acquired a new position in shares of Easterly Government Properties in the 3rd quarter worth $142,000. Evergreen Capital Management LLC raised its position in shares of Easterly Government Properties by 20.7% during the second quarter. Evergreen Capital Management LLC now owns 14,102 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 2,418 shares during the period. Finally, Glenmede Trust Co. NA lifted its holdings in shares of Easterly Government Properties by 29.3% during 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 purchasing an additional 3,592 shares during the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Easterly Government Properties

In other news, CEO Darrell W. Crate purchased 10,000 shares of Easterly Government Properties stock in a transaction dated 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 acquisition, the chief executive officer now directly 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 the SEC website. Insiders own 8.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DEA. StockNews.com cut Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd. Truist Financial dropped their target price on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. Finally, Jefferies Financial Group reduced their price target on shares of Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd.

Easterly Government Properties Stock Up 0.6 %

NYSE:DEA opened at $11.38 on Wednesday. Easterly Government Properties, Inc. has a 1-year low of $10.76 and a 1-year high of $14.52. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 63.22 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. The business’s fifty day moving average price is $11.95 and its 200 day moving average price is $12.92.

Easterly Government Properties (NYSE:DEA) last posted its quarterly 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). Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The company had revenue of $74.78 million during the quarter, compared to analysts’ expectations of $74.98 million. During the same period last year, the company earned $0.29 earnings per share. Easterly Government Properties’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, sell-side analysts forecast that Easterly Government Properties, Inc. will post 1.16 earnings per share for the current fiscal year.

Easterly Government Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a dividend of $0.265 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.06 annualized dividend and a dividend yield of 9.31%. Easterly Government Properties’s dividend payout ratio is 588.89%.

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.