Foresight Group Ltd Liability Partnership Cuts Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Foresight Group Ltd Liability Partnership lessened its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 11.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,003,620 shares of the real estate investment trust’s stock after selling 130,942 shares during the quarter. Easterly Government Properties makes up 6.8% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 5th biggest position. Foresight Group Ltd Liability Partnership’s holdings in Easterly Government Properties were worth $11,401,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its stake in Easterly Government Properties by 3.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 232,174 shares of the real estate investment trust’s stock worth $2,637,000 after buying an additional 7,349 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in Easterly Government Properties by 47.5% in the third quarter. Sunbelt Securities Inc. now owns 30,100 shares of the real estate investment trust’s stock worth $409,000 after purchasing an additional 9,700 shares in the last quarter. Geode Capital Management LLC grew its position 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 period. Barclays PLC lifted its position in Easterly Government Properties by 324.6% during the 3rd quarter. Barclays PLC now owns 165,212 shares of the real estate investment trust’s stock valued at $2,244,000 after acquiring an additional 126,306 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new stake in Easterly Government Properties in the third quarter worth about $856,000. Institutional investors own 86.51% of the company’s stock.

Insider Transactions at Easterly Government Properties

In other news, CEO Darrell W. Crate bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average price of $10.91 per share, with a total value 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. This represents a 6.19 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

DEA has been the topic of several recent research reports. Jefferies Financial Group cut their price target on Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Truist Financial reduced their price target on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, December 6th. Finally, StockNews.com downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd.

Easterly Government Properties Stock Performance

DEA opened at $11.54 on Friday. Easterly Government Properties, Inc. has a 12-month low of $10.76 and a 12-month high of $14.52. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 64.08 and a beta of 0.69. 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 company’s 50 day moving average is $11.83 and its 200 day moving average is $12.89.

Easterly Government Properties (NYSE:DEA) last posted 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 company 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%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $0.29 EPS. On average, equities research analysts predict that Easterly Government Properties, Inc. will post 1.16 EPS for the current year.

Easterly Government Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.265 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.19%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 588.89%.

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.