The Manufacturers Life Insurance Company Increases Stock Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

The Manufacturers Life Insurance Company lifted its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,846 shares of the real estate investment trust’s stock after purchasing an additional 1,637 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Easterly Government Properties were worth $663,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DEA. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Easterly Government Properties by 7.7% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 111,224 shares of the real estate investment trust’s stock worth $1,376,000 after purchasing an additional 7,924 shares during the period. Kempner Capital Management Inc. purchased a new position in Easterly Government Properties during the 2nd quarter valued at $3,181,000. Dakota Wealth Management boosted its holdings in Easterly Government Properties by 9.6% during the 2nd quarter. Dakota Wealth Management now owns 65,299 shares of the real estate investment trust’s stock valued at $808,000 after acquiring an additional 5,740 shares during the period. Xcel Wealth Management LLC boosted its holdings in Easterly Government Properties by 11.6% during the 2nd quarter. Xcel Wealth Management LLC now owns 392,132 shares of the real estate investment trust’s stock valued at $4,851,000 after acquiring an additional 40,782 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in Easterly Government Properties by 10.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 51,800 shares of the real estate investment trust’s stock valued at $641,000 after acquiring an additional 4,700 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Trading Up 0.2 %

DEA opened at $11.74 on Friday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 65.19 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. Easterly Government Properties, Inc. has a 12 month low of $10.94 and a 12 month high of $14.52. The stock has a fifty day moving average price of $12.96 and a 200-day moving average price of $13.01.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results 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 company’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 earnings per share. As a group, equities research analysts anticipate that Easterly Government Properties, Inc. will post 1.16 earnings per share for the current fiscal year.

Easterly Government Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 9.03%. The ex-dividend date of this dividend was Friday, November 15th. Easterly Government Properties’s dividend payout ratio is currently 588.89%.

Wall Street Analysts Forecast Growth

DEA has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded Easterly Government Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $13.00 to $15.00 in a report on Monday, October 14th. StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Truist Financial decreased their target price on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, December 6th.

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.