By otakuyassine3@gmail.com 
Easterly Government Properties, Inc. (NYSE:DEA – Get Free Report) CEO Darrell W. Crate purchased 10,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $10.91 per share, with a total value 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Easterly Government Properties Price Performance
Shares of Easterly Government Properties stock opened at $11.21 on Thursday. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 62.28 and a beta of 0.69. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.01 and a current ratio of 4.01. The stock has a 50 day moving average price of $12.60 and a 200-day moving average price of $12.98. Easterly Government Properties, Inc. has a one year low of $10.76 and a one year high of $14.52.
Easterly Government Properties (NYSE:DEA – Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.24). Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The firm had revenue of $74.78 million for the quarter, compared to the consensus estimate of $74.98 million. During the same quarter last year, the firm earned $0.29 EPS. The company’s revenue was up 3.8% on a year-over-year basis. Equities analysts expect that Easterly Government Properties, Inc. will post 1.16 EPS for the current year.
Easterly Government Properties Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 9.46%. The ex-dividend date of this dividend was Friday, November 15th. Easterly Government Properties’s dividend payout ratio (DPR) is currently 588.89%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on DEA shares. StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Truist Financial dropped their price objective 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. Finally, Jefferies Financial Group upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and upped their target price for the company from $13.00 to $15.00 in a research report on Monday, October 14th.
Check Out Our Latest Report on DEA
Institutional Trading of Easterly Government Properties
Several institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its holdings in shares of Easterly Government Properties by 10.0% in the second quarter. Louisiana State Employees Retirement System now owns 51,800 shares of the real estate investment trust’s stock worth $641,000 after buying an additional 4,700 shares during the period. Bank of New York Mellon Corp boosted its holdings in Easterly Government Properties by 9.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,144,075 shares of the real estate investment trust’s stock valued at $14,152,000 after acquiring an additional 102,521 shares during the period. TrueMark Investments LLC bought a new position in Easterly Government Properties in the 2nd quarter valued at $394,000. Principal Financial Group Inc. increased its stake in Easterly Government Properties by 2.7% in the second quarter. Principal Financial Group Inc. now owns 507,486 shares of the real estate investment trust’s stock worth $6,278,000 after purchasing an additional 13,133 shares during the period. Finally, Signaturefd LLC lifted its position 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 last quarter. Institutional investors own 86.51% of the company’s stock.
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.
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