Penserra Capital Management LLC Boosts Stake in Easterly Government Properties, Inc. (NYSE:DEA)

Penserra Capital Management LLC lifted its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 23.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,829 shares of the real estate investment trust’s stock after buying an additional 15,655 shares during the period. Penserra Capital Management LLC’s holdings in Easterly Government Properties were worth $1,138,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its holdings in shares of Easterly Government Properties by 2.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 31,873 shares of the real estate investment trust’s stock valued at $394,000 after acquiring an additional 842 shares during the last quarter. Arizona State Retirement System boosted its holdings in Easterly Government Properties by 3.3% in the second quarter. Arizona State Retirement System now owns 27,221 shares of the real estate investment trust’s stock worth $337,000 after purchasing an additional 859 shares during the last quarter. Amalgamated Bank grew its position in Easterly Government Properties by 2.8% in the 2nd quarter. Amalgamated Bank now owns 31,221 shares of the real estate investment trust’s stock worth $386,000 after purchasing an additional 860 shares during the period. GAMMA Investing LLC raised its stake in Easterly Government Properties by 29.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 875 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Easterly Government Properties by 35.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 997 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Easterly Government Properties Price Performance

NYSE DEA opened at $12.48 on Wednesday. The business’s fifty day moving average is $13.40 and its 200 day moving average is $13.02. Easterly Government Properties, Inc. has a fifty-two week low of $10.94 and a fifty-two week high of $14.52. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.01 and a current ratio of 4.01. The company has a market capitalization of $1.32 billion, a PE ratio of 69.28 and a beta of 0.72.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.24). The company had revenue of $74.78 million for the quarter, compared to analysts’ expectations of $74.98 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 earnings per share. Sell-side analysts predict that Easterly Government Properties, Inc. will post 1.15 earnings per share for the current year.

Easterly Government Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.06 annualized dividend and a dividend yield of 8.50%. Easterly Government Properties’s payout ratio is 588.89%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group upgraded Easterly Government Properties from a “hold” rating to a “buy” rating and raised their price target for the stock from $13.00 to $15.00 in a research note on Monday, October 14th. Truist Financial boosted their price target on Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Thursday, August 29th. Finally, StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th.

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.