Kempner Capital Management Inc. Has $3.61 Million Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Kempner Capital Management Inc. boosted its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 23.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 317,980 shares of the real estate investment trust’s stock after buying an additional 60,840 shares during the period. Easterly Government Properties comprises approximately 2.0% of Kempner Capital Management Inc.’s investment portfolio, making the stock its 27th biggest position. Kempner Capital Management Inc.’s holdings in Easterly Government Properties were worth $3,612,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised 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 purchasing an additional 997 shares in the last quarter. GAMMA Investing LLC boosted its position in Easterly Government Properties by 29.1% during the third quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 875 shares during the last quarter. KBC Group NV grew its holdings in Easterly Government Properties by 62.4% during the 3rd quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 2,014 shares during the period. Quantinno Capital Management LP acquired a new stake in Easterly Government Properties during the third quarter worth approximately $142,000. Finally, Glenmede Trust Co. NA raised its holdings in shares of Easterly Government Properties by 29.3% during the third quarter. Glenmede Trust Co. NA now owns 15,858 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 3,592 shares during the period. Institutional investors own 86.51% of the company’s stock.

Insider Activity

In other Easterly Government Properties news, CEO Darrell W. Crate purchased 10,000 shares of Easterly Government Properties stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost 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 of the company’s stock, valued at $1,870,835.89. This represents a 6.19 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DEA. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Monday. Jefferies Financial Group dropped their price target on Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Finally, Truist Financial lowered their price target on 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.

Easterly Government Properties Stock Performance

Shares of NYSE DEA opened at $11.34 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01. The firm has a fifty day moving average price of $11.59 and a 200-day moving average price of $12.81. Easterly Government Properties, Inc. has a 1 year low of $10.76 and a 1 year high of $14.52. The stock has a market cap of $1.20 billion, a PE ratio of 62.97 and a beta of 0.69.

Easterly Government Properties (NYSE:DEA) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.24). Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. 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 business earned $0.29 EPS. The business’s revenue was up 3.8% on a year-over-year basis. Equities analysts anticipate that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current fiscal year.

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.