Verus Capital Partners LLC Sells 2,085 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

Verus Capital Partners LLC cut its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 14.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Easterly Government Properties by 35.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 997 shares in the last quarter. KBC Group NV grew its holdings in shares of Easterly Government Properties by 62.4% during the third quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 2,014 shares in the last quarter. Quantinno Capital Management LP bought a new position in shares of Easterly Government Properties during the third quarter worth about $142,000. Glenmede Trust Co. NA grew its stake in Easterly Government Properties by 29.3% in the third quarter. Glenmede Trust Co. NA now owns 15,858 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 3,592 shares in the last quarter. Finally, abrdn plc grew its stake in Easterly Government Properties by 10.6% in the third quarter. abrdn plc now owns 19,047 shares of the real estate investment trust’s stock valued at $259,000 after purchasing an additional 1,818 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DEA has been the subject of a number of analyst reports. Jefferies Financial Group decreased their price target on 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. Truist Financial decreased their price target on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, December 6th. Finally, StockNews.com downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Monday, February 24th.

Easterly Government Properties Stock Down 0.2 %

DEA stock opened at $11.28 on Friday. Easterly Government Properties, Inc. has a twelve month low of $10.45 and a twelve month high of $14.52. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 62.67 and a beta of 0.70. The business has a 50 day moving average price of $11.18 and a two-hundred day moving average price of $12.41. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings data 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. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The company had revenue of $78.25 million during the quarter, compared to analysts’ expectations of $79.49 million. During the same period last year, the firm posted $0.28 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Analysts anticipate that Easterly Government Properties, Inc. will post 1.17 EPS 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 given 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 9.40%. Easterly Government Properties’s payout ratio is 557.89%.

Insider Activity

In other Easterly Government Properties news, CEO Darrell W. Crate acquired 10,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average cost of $10.91 per share, with a total value 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 represents a 6.19 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 8.10% of the company’s stock.

Easterly Government Properties Company 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.