Easterly Government Properties, Inc. (NYSE:DEA) Shares Acquired by Barclays PLC

Barclays PLC increased its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 324.6% in the third quarter, HoldingsChannel.com reports. The firm owned 165,212 shares of the real estate investment trust’s stock after acquiring an additional 126,306 shares during the quarter. Barclays PLC’s holdings in Easterly Government Properties were worth $2,244,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in Easterly Government Properties during the 3rd quarter worth about $856,000. The Manufacturers Life Insurance Company raised its position in shares of Easterly Government Properties by 3.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 48,846 shares of the real estate investment trust’s stock worth $663,000 after acquiring an additional 1,637 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Easterly Government Properties by 4.3% during the third quarter. Victory Capital Management Inc. now owns 1,932,660 shares of the real estate investment trust’s stock worth $26,246,000 after purchasing an additional 79,400 shares during the last quarter. State Street Corp boosted its holdings in Easterly Government Properties by 1.2% in the third quarter. State Street Corp now owns 5,839,318 shares of the real estate investment trust’s stock valued at $79,298,000 after purchasing an additional 66,663 shares in the last quarter. Finally, Versor Investments LP boosted its holdings in Easterly Government Properties by 165.3% in the third quarter. Versor Investments LP now owns 124,546 shares of the real estate investment trust’s stock valued at $1,691,000 after purchasing an additional 77,600 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Truist Financial reduced 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 report 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 Thursday, October 10th. Finally, Jefferies Financial Group raised Easterly Government Properties from a “hold” rating to a “buy” rating and raised their price objective for the stock from $13.00 to $15.00 in a report on Monday, October 14th.

Easterly Government Properties Price Performance

DEA stock opened at $11.21 on Thursday. 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 company has a market capitalization of $1.18 billion, a P/E ratio of 62.28 and a beta of 0.69. The business has a 50 day simple moving average of $12.60 and a 200-day simple moving average of $12.98. Easterly Government Properties, Inc. has a twelve month low of $10.76 and a twelve month high of $14.52.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results 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). The business had revenue of $74.78 million for the quarter, compared to analyst estimates of $74.98 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. As a group, equities analysts anticipate that Easterly Government Properties, Inc. will post 1.16 EPS for the current year.

Easterly Government Properties Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Darrell W. Crate bought 10,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $10.91 per share, with a total value of $109,100.00. Following the completion of the acquisition, the chief executive officer now owns 171,479 shares in the company, valued at approximately $1,870,835.89. This trade represents a 6.19 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.10% of the stock is owned by insiders.

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.