Intech Investment Management LLC Has $672,000 Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Intech Investment Management LLC boosted its position in Easterly Government Properties, Inc. (NYSE:DEA) by 157.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,187 shares of the real estate investment trust’s stock after buying an additional 36,210 shares during the period. Intech Investment Management LLC’s holdings in Easterly Government Properties were worth $672,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Inceptionr LLC bought a new position in shares of Easterly Government Properties in the 4th quarter worth about $122,000. Metis Global Partners LLC bought a new stake in Easterly Government Properties in the fourth quarter worth approximately $126,000. Quantinno Capital Management LP bought a new stake in Easterly Government Properties in the third quarter worth approximately $142,000. Glenmede Trust Co. NA lifted its stake 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 buying an additional 3,592 shares during the period. Finally, Truist Financial Corp boosted its holdings in shares of Easterly Government Properties by 7.9% during the 4th quarter. Truist Financial Corp now owns 21,435 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 1,574 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

DEA has been the subject of several research analyst reports. Jefferies Financial Group assumed coverage on shares of Easterly Government Properties in a research note on Monday, March 17th. They issued a “buy” rating and a $13.00 price objective for the company. Truist Financial decreased their price target 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 shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada decreased their target price on Easterly Government Properties from $12.00 to $11.00 and set an “underperform” rating for the company in a research report on Monday, March 10th.

Easterly Government Properties Stock Performance

NYSE DEA opened at $10.45 on Monday. The company has a market cap of $1.13 billion, a P/E ratio of 58.03 and a beta of 0.73. The company has a fifty day simple moving average of $11.01 and a 200 day simple moving average of $12.13. 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, Inc. has a 12-month low of $10.18 and a 12-month high of $14.53.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.22. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The firm had revenue of $78.25 million during the quarter, compared to analysts’ expectations of $79.49 million. During the same period last year, the company earned $0.28 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Sell-side analysts predict that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current fiscal year.

Easterly Government Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were issued a $0.265 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 10.15%. Easterly Government Properties’s dividend payout ratio is presently 557.89%.

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.