Darrell W. Crate Acquires 10,000 Shares of Easterly Government Properties, Inc. (NYSE:DEA) Stock

Easterly Government Properties, Inc. (NYSE:DEA) CEO Darrell W. Crate bought 10,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was bought at an average price of $10.91 per share, for a total transaction of $109,100.00. Following the transaction, the chief executive officer now directly owns 171,479 shares of the company’s stock, valued at approximately $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 SEC, which is available at the SEC website.

Easterly Government Properties Stock Down 1.2 %

NYSE:DEA traded down $0.13 during trading hours on Monday, reaching $11.04. The company had a trading volume of 2,123,702 shares, compared to its average volume of 981,044. Easterly Government Properties, Inc. has a twelve month low of $10.76 and a twelve month high of $14.52. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 61.33 and a beta of 0.69. The business’s 50-day simple moving average is $12.77 and its two-hundred day simple moving average is $13.01.

Easterly Government Properties (NYSE:DEA) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.24). The firm had revenue of $74.78 million during the quarter, compared to the consensus estimate of $74.98 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 earnings per share. On average, equities analysts expect that Easterly Government Properties, Inc. will post 1.16 earnings per share for the current year.

Easterly Government Properties Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 9.60%. The ex-dividend date of this dividend was Friday, November 15th. Easterly Government Properties’s payout ratio is currently 588.89%.

Analyst Ratings Changes

Several research firms have issued reports on DEA. StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Truist Financial dropped their target price on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, December 6th. Finally, Jefferies Financial Group raised Easterly Government Properties from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $13.00 to $15.00 in a research report on Monday, October 14th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Daiwa Securities Group Inc. raised its holdings in shares of Easterly Government Properties by 2.7% in the 2nd 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 raised its stake in shares of Easterly Government Properties by 3.3% in the second 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 last quarter. Amalgamated Bank lifted its holdings in shares of Easterly Government Properties by 2.8% in the second quarter. Amalgamated Bank now owns 31,221 shares of the real estate investment trust’s stock valued at $386,000 after purchasing an additional 860 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 875 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings 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 worth $51,000 after buying an additional 997 shares in the last quarter. Institutional investors and hedge funds 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.