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

Consolidated Portfolio Review Corp boosted its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 3.9% in the fourth quarter, HoldingsChannel reports. The fund owned 100,200 shares of the real estate investment trust’s stock after acquiring an additional 3,728 shares during the period. Consolidated Portfolio Review Corp’s holdings in Easterly Government Properties were worth $1,138,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. State Street Corp increased its stake in shares of Easterly Government Properties by 1.2% during the third quarter. State Street Corp now owns 5,839,318 shares of the real estate investment trust’s stock valued at $79,298,000 after purchasing an additional 66,663 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Easterly Government Properties by 0.4% in 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 buying an additional 9,248 shares during the last quarter. Victory Capital Management Inc. increased its position in Easterly Government Properties by 4.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,932,660 shares of the real estate investment trust’s stock valued at $26,246,000 after buying an additional 79,400 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Easterly Government Properties by 0.8% during 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 buying an additional 15,868 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Easterly Government Properties by 478.8% in 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 worth $9,130,000 after acquiring an additional 556,148 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DEA shares. StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Monday, January 27th. Jefferies Financial Group reduced 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, Truist Financial decreased their target price on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, December 6th.

Easterly Government Properties Stock Down 0.8 %

Easterly Government Properties stock opened at $10.83 on Friday. Easterly Government Properties, Inc. has a 12 month low of $10.69 and a 12 month high of $14.52. The stock has a fifty day simple moving average of $11.42 and a two-hundred day simple moving average of $12.71. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 60.18 and a beta of 0.70.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings data 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). The business had revenue of $74.78 million during the quarter, compared to the consensus estimate of $74.98 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. Easterly Government Properties’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 earnings per share. Equities analysts predict that Easterly Government Properties, Inc. will post 1.17 EPS for the current fiscal year.

Insider Activity

In related news, CEO Darrell W. Crate acquired 10,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $10.91 per share, for a total transaction of $109,100.00. Following the completion of the transaction, the chief executive officer now directly owns 171,479 shares in the company, valued at approximately $1,870,835.89. This trade represents a 6.19 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.10% 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.