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

Easterly Government Properties, Inc. (NYSE:DEA) CEO Darrell W. Crate acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $10.91 per share, for a total transaction of $109,100.00. Following the completion of the purchase, the chief executive officer now directly owns 171,479 shares of the company’s stock, valued at $1,870,835.89. The trade was a 6.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Easterly Government Properties Stock Performance

NYSE:DEA opened at $11.21 on Wednesday. The stock’s 50-day moving average is $12.66 and its 200-day moving average is $13.00. The stock has a market cap of $1.18 billion, a P/E ratio of 62.28 and a beta of 0.69. Easterly Government Properties, Inc. has a 1-year low of $10.76 and a 1-year high of $14.52. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07.

Easterly Government Properties (NYSE:DEA) last announced its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate 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 company had revenue of $74.78 million for the quarter, compared to analyst estimates of $74.98 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts anticipate that Easterly Government Properties, Inc. will post 1.16 earnings per share for the current year.

Easterly Government Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a dividend of $0.265 per share. The ex-dividend date was Friday, November 15th. This represents a $1.06 dividend on an annualized basis and a yield of 9.46%. Easterly Government Properties’s dividend payout ratio (DPR) is currently 588.89%.

Analyst Ratings Changes

DEA has been the subject of a number of research analyst reports. StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Truist Financial lowered their target price on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, December 6th. Finally, Jefferies Financial Group raised shares of Easterly Government Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $13.00 to $15.00 in a research note on Monday, October 14th.

Institutional Investors Weigh In On Easterly Government Properties

Institutional investors and hedge funds have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. boosted its stake 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 acquiring an additional 997 shares in the last quarter. GAMMA Investing LLC boosted its stake in Easterly Government Properties by 29.1% during the 3rd 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 during the last quarter. KBC Group NV boosted its position in shares of Easterly Government Properties by 62.4% during the third quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 2,014 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Easterly Government Properties in the 2nd quarter worth $115,000. Finally, Signaturefd LLC lifted its position in shares of Easterly Government Properties by 34.6% during the 2nd quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 2,563 shares in the last quarter. Institutional investors 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.