Inceptionr LLC Makes New Investment in Easterly Government Properties, Inc. (NYSE:DEA)

Inceptionr LLC purchased a new position in Easterly Government Properties, Inc. (NYSE:DEA) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 10,758 shares of the real estate investment trust’s stock, valued at approximately $122,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp lifted its stake in shares of Easterly Government Properties by 1.2% during the third quarter. State Street Corp now owns 5,839,318 shares of the real estate investment trust’s stock worth $79,298,000 after buying an additional 66,663 shares during the period. Geode Capital Management LLC lifted its stake in shares of Easterly Government Properties by 0.4% during the third quarter. Geode Capital Management LLC now owns 2,552,691 shares of the real estate investment trust’s stock worth $34,671,000 after buying an additional 9,248 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Easterly Government Properties by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,975,328 shares of the real estate investment trust’s stock worth $22,440,000 after buying an additional 66,071 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Easterly Government Properties by 0.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,941,886 shares of the real estate investment trust’s stock worth $22,060,000 after buying an additional 9,226 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Easterly Government Properties by 478.8% during the third 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 buying an additional 556,148 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DEA shares. Jefferies Financial Group lowered their price objective on shares of 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 lowered their price objective on shares of Easterly Government Properties from $12.00 to $11.00 and set an “underperform” rating for the company in a research note on Monday. StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, 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 report on Friday, December 6th.

Insiders Place Their Bets

In other news, CEO Darrell W. Crate acquired 10,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of $10.91 per share, for a total transaction of $109,100.00. Following the completion of the transaction, the chief executive officer now owns 171,479 shares in the company, valued at approximately $1,870,835.89. The trade was a 6.19 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.10% of the company’s stock.

Easterly Government Properties Trading Down 3.1 %

NYSE DEA opened at $10.80 on Tuesday. The company has a market capitalization of $1.17 billion, a PE ratio of 59.97 and a beta of 0.73. The company has a fifty day moving average of $11.18 and a 200 day moving average of $12.31. Easterly Government Properties, Inc. has a 1 year low of $10.45 and a 1 year high of $14.53. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings data 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. The business had revenue of $78.25 million during the quarter, compared to the consensus estimate of $79.49 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Research analysts forecast that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current year.

Easterly Government Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th will be given 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 dividend yield of 9.82%. Easterly Government Properties’s dividend payout ratio (DPR) is currently 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.