Consolidated Portfolio Review Corp Increases Stake in Easterly Government Properties, Inc. (NYSE:DEA)

Consolidated Portfolio Review Corp increased its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,200 shares of the real estate investment trust’s stock after purchasing an additional 3,728 shares during the quarter. Consolidated Portfolio Review Corp owned 0.09% of Easterly Government Properties worth $1,138,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in DEA. State Street Corp increased its holdings in shares of Easterly Government Properties by 1.2% in the third quarter. State Street Corp now owns 5,839,318 shares of the real estate investment trust’s stock worth $79,298,000 after buying an additional 66,663 shares during the period. Geode Capital Management LLC grew its position in Easterly Government Properties by 0.4% during 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. Victory Capital Management Inc. increased its stake in Easterly Government Properties by 4.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,932,660 shares of the real estate investment trust’s stock worth $26,246,000 after purchasing an additional 79,400 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Easterly Government Properties by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,909,257 shares of the real estate investment trust’s stock valued at $25,928,000 after purchasing an additional 15,868 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Easterly Government Properties by 478.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 672,306 shares of the real estate investment trust’s stock valued at $9,130,000 after purchasing an additional 556,148 shares during the period. 86.51% of the stock is owned by institutional investors.

Easterly Government Properties Stock Performance

Shares of DEA stock opened at $10.83 on Friday. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 60.18 and a beta of 0.70. The stock has a fifty day moving average of $11.42 and a 200 day moving average of $12.71. Easterly Government Properties, Inc. has a 52 week low of $10.69 and a 52 week 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.

Easterly Government Properties (NYSE:DEA) last posted 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 during the quarter, compared to analysts’ expectations of $74.98 million. During the same period in the prior year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, research analysts expect that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Darrell W. Crate bought 10,000 shares of Easterly Government Properties stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $10.91 per share, for a total transaction of $109,100.00. Following the acquisition, the chief executive officer now owns 171,479 shares of the company’s stock, valued at approximately $1,870,835.89. The trade was a 6.19 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DEA has been the topic of several analyst reports. Truist Financial decreased 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 research note on Friday, December 6th. Jefferies Financial Group lowered their price objective on shares of Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Finally, StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Monday, January 27th.

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.