Easterly Government Properties, Inc. (NYSE:DEA) Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,255 shares of the real estate investment trust’s stock after acquiring an additional 1,616 shares during the period. Illinois Municipal Retirement Fund owned about 0.05% of Easterly Government Properties worth $616,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in Easterly Government Properties during the 3rd quarter worth about $856,000. Barclays PLC lifted its stake 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 worth $2,244,000 after acquiring an additional 126,306 shares in the last quarter. Kempner Capital Management Inc. lifted its stake in Easterly Government Properties by 23.7% during the 4th quarter. Kempner Capital Management Inc. now owns 317,980 shares of the real estate investment trust’s stock worth $3,612,000 after acquiring an additional 60,840 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Easterly Government Properties by 2.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 143,148 shares of the real estate investment trust’s stock worth $1,600,000 after acquiring an additional 3,310 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Easterly Government Properties by 3.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 48,846 shares of the real estate investment trust’s stock worth $663,000 after acquiring an additional 1,637 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Insider Activity

In other Easterly Government Properties news, CEO Darrell W. Crate acquired 10,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $10.91 per share, for a total transaction of $109,100.00. Following the acquisition, the chief executive officer now owns 171,479 shares in the company, valued at $1,870,835.89. The trade was a 6.19 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 8.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DEA shares. Truist Financial decreased their target price on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Jefferies Financial Group reduced their price target on Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd.

Easterly Government Properties Price Performance

DEA stock opened at $11.29 on Tuesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01. The firm has a market capitalization of $1.22 billion, a P/E ratio of 62.72 and a beta of 0.70. The business’s 50-day moving average is $11.19 and its two-hundred day moving average is $12.39. Easterly Government Properties, Inc. has a 1 year low of $10.45 and a 1 year high of $14.52.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.22. The company had revenue of $78.25 million for the quarter, compared to analyst estimates of $79.49 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. Easterly Government Properties’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 EPS. Analysts anticipate that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current fiscal year.

Easterly Government Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th will be issued a $0.265 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.39%. Easterly Government Properties’s payout ratio is currently 557.89%.

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.