Verus Capital Partners LLC Has $139,000 Position in Easterly Government Properties, Inc. (NYSE:DEA)

Verus Capital Partners LLC lessened its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 14.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,201 shares of the real estate investment trust’s stock after selling 2,085 shares during the quarter. Verus Capital Partners LLC’s holdings in Easterly Government Properties were worth $139,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in shares of Easterly Government Properties during the third quarter valued at $856,000. Barclays PLC lifted its stake in shares of Easterly Government Properties by 324.6% during the third 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. Kempner Capital Management Inc. lifted its stake in shares of Easterly Government Properties by 23.7% during the fourth quarter. Kempner Capital Management Inc. now owns 317,980 shares of the real estate investment trust’s stock valued at $3,612,000 after acquiring an additional 60,840 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Easterly Government Properties by 2.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 143,148 shares of the real estate investment trust’s stock valued at $1,600,000 after acquiring an additional 3,310 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Easterly Government Properties by 3.5% during the third quarter. The Manufacturers Life Insurance Company now owns 48,846 shares of the real estate investment trust’s stock valued at $663,000 after acquiring an additional 1,637 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Insiders Place Their Bets

In other Easterly Government Properties news, CEO Darrell W. Crate purchased 10,000 shares of the stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of $10.91 per share, for a total transaction of $109,100.00. Following the completion of the acquisition, the chief executive officer now directly owns 171,479 shares of the company’s stock, valued at $1,870,835.89. The trade was a 6.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

DEA has been the topic of several research reports. StockNews.com lowered Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Monday, February 24th. Jefferies Financial Group cut their target price 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. Finally, Truist Financial cut 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.

Easterly Government Properties Trading Down 0.2 %

NYSE:DEA opened at $11.28 on Friday. Easterly Government Properties, Inc. has a 1-year low of $10.45 and a 1-year high of $14.52. The business’s 50-day moving average price is $11.18 and its two-hundred day moving average price is $12.41. 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 capitalization of $1.22 billion, a price-to-earnings ratio of 62.67 and a beta of 0.70.

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

Easterly Government Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th will be issued a $0.265 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.06 annualized dividend and a dividend yield of 9.40%. Easterly Government Properties’s dividend payout ratio (DPR) is currently 557.89%.

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.