Easterly Government Properties, Inc. (NYSE:DEA) Shares Acquired by KBC Group NV

KBC Group NV lifted its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 62.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 5,242 shares of the real estate investment trust’s stock after purchasing an additional 2,014 shares during the period. KBC Group NV’s holdings in Easterly Government Properties were worth $71,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC boosted its position in Easterly Government Properties by 56.6% during the second quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,086 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Easterly Government Properties by 35.6% during the 3rd 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. National Bank of Canada FI acquired a new stake in Easterly Government Properties in the 2nd quarter valued at $115,000. Signaturefd LLC increased its holdings in Easterly Government Properties by 34.6% in the 2nd quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 2,563 shares in the last quarter. Finally, Accel Wealth Management acquired a new position in Easterly Government Properties during the second quarter worth $124,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DEA shares. Truist Financial lifted their target price on shares of Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Thursday, August 29th. StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group raised Easterly Government Properties from a “hold” rating to a “buy” rating and increased their target price for the company from $13.00 to $15.00 in a report on Monday, October 14th.

Easterly Government Properties Trading Down 0.2 %

Shares of DEA opened at $12.45 on Friday. The firm’s fifty day moving average is $13.42 and its two-hundred day moving average is $13.00. The stock has a market cap of $1.32 billion, a PE ratio of 69.14 and a beta of 0.72. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. Easterly Government Properties, Inc. has a 52-week low of $10.94 and a 52-week high of $14.52.

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 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 business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 earnings per share. Research analysts forecast that Easterly Government Properties, Inc. will post 1.15 earnings per share for the current fiscal year.

Easterly Government Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a $0.265 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.06 annualized dividend and a dividend yield of 8.52%. Easterly Government Properties’s dividend payout ratio is presently 588.89%.

Easterly Government Properties Company 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.