TrueMark Investments LLC Cuts Stake in Easterly Government Properties, Inc. (NYSE:DEA)

TrueMark Investments LLC cut its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 38.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,193 shares of the real estate investment trust’s stock after selling 8,365 shares during the period. TrueMark Investments LLC’s holdings in Easterly Government Properties were worth $150,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Easterly Government Properties by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 11,159,553 shares of the real estate investment trust’s stock worth $126,773,000 after purchasing an additional 44,202 shares during the last quarter. State Street Corp grew its holdings in Easterly Government Properties by 1.2% during the 3rd quarter. State Street Corp now owns 5,839,318 shares of the real estate investment trust’s stock valued at $79,298,000 after buying an additional 66,663 shares in the last quarter. Geode Capital Management LLC increased its stake in Easterly Government Properties by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,552,691 shares of the real estate investment trust’s stock worth $34,671,000 after acquiring an additional 9,248 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Easterly Government Properties by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,975,328 shares of the real estate investment trust’s stock worth $22,440,000 after acquiring an additional 66,071 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Easterly Government Properties by 0.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,941,886 shares of the real estate investment trust’s stock valued at $22,060,000 after acquiring an additional 9,226 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. Royal Bank of Canada reduced their target price on shares of Easterly Government Properties from $12.00 to $11.00 and set an “underperform” rating on the stock in a report on Monday, March 10th. Jefferies Financial Group began coverage on shares of Easterly Government Properties in a report on Monday, March 17th. They issued a “buy” rating and a $13.00 price target for the company. Finally, Truist Financial reduced their price objective on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, December 6th.

Easterly Government Properties Trading Up 1.0 %

DEA stock opened at $10.56 on Thursday. Easterly Government Properties, Inc. has a twelve month low of $10.18 and a twelve month high of $14.53. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 58.64 and a beta of 0.73. 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’s fifty day simple moving average is $10.96 and its two-hundred day simple moving average is $12.08.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 EPS for the quarter, beating the consensus estimate of $0.07 by $0.22. The company had revenue of $78.25 million for the quarter, compared to the consensus estimate of $79.49 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 EPS. As a group, analysts anticipate that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current year.

Easterly Government Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 10.04%. The ex-dividend date was Wednesday, March 5th. Easterly Government Properties’s payout ratio is currently 557.89%.

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.