Geode Capital Management LLC boosted its stake in Easterly Government Properties Inc (NYSE:DEA) by 8.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 796,710 shares of the real estate investment trust’s stock after buying an additional 64,726 shares during the quarter. Geode Capital Management LLC’s holdings in Easterly Government Properties were worth $12,492,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brown Advisory Securities LLC raised its holdings in Easterly Government Properties by 35.6% in the 4th quarter. Brown Advisory Securities LLC now owns 20,362 shares of the real estate investment trust’s stock worth $311,000 after acquiring an additional 5,350 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Easterly Government Properties by 14.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 813,155 shares of the real estate investment trust’s stock worth $12,750,000 after acquiring an additional 100,817 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Easterly Government Properties by 5.5% in the 4th quarter. Hsbc Holdings PLC now owns 24,665 shares of the real estate investment trust’s stock worth $387,000 after acquiring an additional 1,288 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in Easterly Government Properties by 14.3% in the 4th quarter. Great West Life Assurance Co. Can now owns 123,242 shares of the real estate investment trust’s stock worth $1,784,000 after acquiring an additional 15,407 shares during the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new position in Easterly Government Properties in the 4th quarter worth approximately $47,000.

NYSE:DEA opened at $18.03 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.75. Easterly Government Properties Inc has a 12 month low of $15.16 and a 12 month high of $21.49. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 15.41 and a beta of 0.79.

Easterly Government Properties (NYSE:DEA) last posted its earnings results on Thursday, February 28th. The real estate investment trust reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.30). Easterly Government Properties had a return on equity of 0.58% and a net margin of 3.55%. The company had revenue of $48.20 million during the quarter, compared to the consensus estimate of $46.72 million. During the same period last year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 32.8% on a year-over-year basis. On average, sell-side analysts forecast that Easterly Government Properties Inc will post 1.19 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date was Wednesday, March 13th. Easterly Government Properties’s dividend payout ratio (DPR) is presently 88.89%.

In other Easterly Government Properties news, CEO William C. Trimble sold 9,000 shares of Easterly Government Properties stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $17.80, for a total value of $160,200.00. Following the completion of the sale, the chief executive officer now owns 108,727 shares of the company’s stock, valued at approximately $1,935,340.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Darrell W. Crate sold 8,125 shares of Easterly Government Properties stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $18.10, for a total transaction of $147,062.50. Following the completion of the sale, the chairman now directly owns 64,154 shares of the company’s stock, valued at approximately $1,161,187.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,125 shares of company stock valued at $667,863. 14.90% of the stock is currently owned by insiders.

DEA has been the subject of a number of recent analyst reports. Royal Bank of Canada upgraded shares of Easterly Government Properties from a “sector perform” rating to an “outperform” rating in a report on Friday, December 14th. Raymond James upgraded shares of Easterly Government Properties from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 8th. Zacks Investment Research upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. Finally, Citigroup decreased their price objective on shares of Easterly Government Properties from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, March 29th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Easterly Government Properties has a consensus rating of “Buy” and a consensus price target of $20.33.

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Easterly Government Properties 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.

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

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