Hsbc Holdings PLC Increases Holdings in Easterly Government Properties, Inc. $DEA

Hsbc Holdings PLC raised its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 51.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 114,839 shares of the real estate investment trust’s stock after acquiring an additional 38,935 shares during the quarter. Hsbc Holdings PLC owned approximately 0.25% of Easterly Government Properties worth $2,466,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. raised its position in shares of Easterly Government Properties by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 39,660 shares of the real estate investment trust’s stock worth $840,000 after acquiring an additional 471 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Easterly Government Properties by 215.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 772 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in Easterly Government Properties by 32.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,391 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 822 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Easterly Government Properties by 5.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 16,427 shares of the real estate investment trust’s stock valued at $348,000 after purchasing an additional 822 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Easterly Government Properties by 0.8% in the third quarter. Public Employees Retirement System of Ohio now owns 104,660 shares of the real estate investment trust’s stock valued at $2,400,000 after purchasing an additional 836 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Wall Street Zen cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Easterly Government Properties has a consensus rating of “Hold” and a consensus price target of $23.11.

Easterly Government Properties Stock Performance

Shares of DEA opened at $25.30 on Friday. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.26. The firm has a market cap of $1.18 billion, a PE ratio of 105.42 and a beta of 0.97. The company’s 50 day simple moving average is $24.35 and its 200-day simple moving average is $23.41. Easterly Government Properties, Inc. has a 12-month low of $20.56 and a 12-month high of $25.96.

About Easterly Government Properties

Easterly Government Properties, Inc is a real estate investment trust that specializes in the acquisition, development and management of commercial properties leased to U.S. government agencies. Structured as a triple-net lease REIT, the company focuses on single-tenant assets with long-term, credit-backed leases that transfer most property-level responsibilities—including taxes, insurance and maintenance—to its government tenants.

The firm’s portfolio encompasses a variety of facility types, including office buildings, training centers, laboratories and mission-critical installations used by federal agencies.