Geode Capital Management LLC increased its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 248,282 shares of the real estate investment trust’s stock after buying an additional 10,031 shares during the period. Geode Capital Management LLC’s holdings in Easterly Government Properties were worth $4,913,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Easterly Government Properties during the fourth quarter valued at approximately $310,000. Dimensional Fund Advisors LP raised its stake in shares of Easterly Government Properties by 104.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 164,574 shares of the real estate investment trust’s stock valued at $3,294,000 after buying an additional 83,948 shares in the last quarter. Westpac Banking Corp raised its stake in shares of Easterly Government Properties by 13.1% in the first quarter. Westpac Banking Corp now owns 80,314 shares of the real estate investment trust’s stock valued at $1,589,000 after buying an additional 9,300 shares in the last quarter. Prudential Financial Inc. bought a new stake in shares of Easterly Government Properties during the first quarter valued at approximately $202,000. Finally, Princeton Capital Management Inc. raised its stake in shares of Easterly Government Properties by 52.0% in the first quarter. Princeton Capital Management Inc. now owns 54,973 shares of the real estate investment trust’s stock valued at $1,088,000 after buying an additional 18,801 shares in the last quarter. 90.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of Easterly Government Properties, Inc. (NYSE DEA) traded up 0.40% during mid-day trading on Monday, reaching $19.85. The company had a trading volume of 20,340 shares. The stock has a market capitalization of $760.00 million, a P/E ratio of 198.50 and a beta of 0.56. Easterly Government Properties, Inc. has a 12-month low of $17.94 and a 12-month high of $21.81. The firm’s 50 day moving average is $20.36 and its 200-day moving average is $20.20.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.29. Easterly Government Properties had a return on equity of 0.58% and a net margin of 3.40%. The company had revenue of $30.60 million for the quarter, compared to the consensus estimate of $30.61 million. During the same quarter last year, the business earned $0.30 EPS. Easterly Government Properties’s revenue was up 22.9% on a year-over-year basis. On average, analysts expect that Easterly Government Properties, Inc. will post $0.10 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Wednesday, September 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date is Tuesday, September 12th. Easterly Government Properties’s dividend payout ratio is presently 1,000.10%.

WARNING: “Easterly Government Properties, Inc. (DEA) Position Boosted by Geode Capital Management LLC” was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.watchlistnews.com/easterly-government-properties-inc-dea-position-boosted-by-geode-capital-management-llc/1486838.html.

Several analysts recently commented on DEA shares. Zacks Investment Research raised Easterly Government Properties from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Thursday, April 20th. Jefferies Group LLC boosted their price target on Easterly Government Properties from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, April 18th. Finally, BidaskClub lowered Easterly Government Properties from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $22.13.

About Easterly Government Properties

Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).

Want to see what other hedge funds are holding DEA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Easterly Government Properties, Inc. (NYSE:DEA).

Institutional Ownership by Quarter for Easterly Government Properties (NYSE:DEA)

Receive News & Ratings for Easterly Government Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Easterly Government Properties Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.