Jane Street Group LLC Cuts Stake in Easterly Government Properties, Inc. (NYSE:DEA)

Jane Street Group LLC trimmed its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 35.9% in the third quarter, Holdings Channel.com reports. The firm owned 100,402 shares of the real estate investment trust’s stock after selling 56,166 shares during the quarter. Jane Street Group LLC’s holdings in Easterly Government Properties were worth $1,363,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Daiwa Securities Group Inc. increased its stake in Easterly Government Properties by 2.7% during the second quarter. Daiwa Securities Group Inc. now owns 31,873 shares of the real estate investment trust’s stock worth $394,000 after acquiring an additional 842 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Easterly Government Properties by 3.3% during the 2nd quarter. Arizona State Retirement System now owns 27,221 shares of the real estate investment trust’s stock worth $337,000 after purchasing an additional 859 shares during the period. Amalgamated Bank increased its position in Easterly Government Properties by 2.8% during the 2nd quarter. Amalgamated Bank now owns 31,221 shares of the real estate investment trust’s stock worth $386,000 after purchasing an additional 860 shares in the last quarter. GAMMA Investing LLC raised its holdings in Easterly Government Properties by 29.1% in the third quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 875 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Easterly Government Properties by 35.6% during the third 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. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DEA. Jefferies Financial Group raised shares of Easterly Government Properties from a “hold” rating to a “buy” rating and increased their price objective for the stock from $13.00 to $15.00 in a research report on Monday, October 14th. 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, Truist Financial cut their price objective on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, December 6th.

Easterly Government Properties Stock Down 0.4 %

NYSE DEA opened at $11.18 on Friday. 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 fifty-two week low of $10.76 and a fifty-two week high of $14.52. The business has a 50 day moving average price of $12.47 and a two-hundred day moving average price of $12.97. The stock has a market cap of $1.18 billion, a PE ratio of 62.11 and a beta of 0.69.

Easterly Government Properties (NYSE:DEA) last announced its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $74.98 million. During the same quarter last year, the company posted $0.29 earnings per share. Easterly Government Properties’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, sell-side analysts predict that Easterly Government Properties, Inc. will post 1.16 EPS for the current fiscal year.

Easterly Government Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a dividend of $0.265 per share. The ex-dividend date was Friday, November 15th. This represents a $1.06 annualized dividend and a dividend yield of 9.48%. Easterly Government Properties’s dividend payout ratio is presently 588.89%.

Insider Transactions at Easterly Government Properties

In other Easterly Government Properties news, CEO Darrell W. Crate bought 10,000 shares of Easterly Government Properties stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $10.91 per share, for a total transaction of $109,100.00. Following the purchase, the chief executive officer now owns 171,479 shares in the company, valued at $1,870,835.89. This represents a 6.19 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.10% 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.