ExodusPoint Capital Management LP Buys 91,811 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

ExodusPoint Capital Management LP lifted its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 35.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 349,236 shares of the real estate investment trust’s stock after purchasing an additional 91,811 shares during the quarter. ExodusPoint Capital Management LP owned 0.33% of Easterly Government Properties worth $3,967,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in Easterly Government Properties by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 2,572,549 shares of the real estate investment trust’s stock valued at $29,230,000 after acquiring an additional 19,858 shares during the period. JPMorgan Chase & Co. increased its holdings in Easterly Government Properties by 67.6% in the fourth quarter. JPMorgan Chase & Co. now owns 762,183 shares of the real estate investment trust’s stock valued at $8,658,000 after purchasing an additional 307,369 shares during the period. Segall Bryant & Hamill LLC bought a new position in Easterly Government Properties during the 4th quarter worth $1,322,000. Vanguard Group Inc. grew its position in shares of Easterly Government Properties by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 11,159,553 shares of the real estate investment trust’s stock valued at $126,773,000 after buying an additional 44,202 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of Easterly Government Properties by 12.9% in the fourth quarter. LPL Financial LLC now owns 136,476 shares of the real estate investment trust’s stock valued at $1,550,000 after buying an additional 15,635 shares during the period. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Easterly Government Properties Stock Down 1.7 %

Shares of NYSE DEA opened at $10.08 on Monday. Easterly Government Properties, Inc. has a 12-month low of $9.90 and a 12-month high of $14.53. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. The firm has a market cap of $1.09 billion, a PE ratio of 55.97 and a beta of 0.87. The company’s fifty day simple moving average is $10.81 and its 200 day simple moving average is $11.91.

Easterly Government Properties (NYSE:DEA) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 EPS for the quarter, beating the consensus estimate of $0.07 by $0.22. The company had revenue of $78.25 million during the quarter, compared to the consensus estimate of $79.49 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $0.28 EPS. As a group, sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were given a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 10.52%. The ex-dividend date of this dividend was Wednesday, March 5th. Easterly Government Properties’s payout ratio is currently 557.89%.

Analyst Ratings Changes

DEA has been the topic of several analyst reports. Royal Bank of Canada reduced their target price on Easterly Government Properties from $12.00 to $11.00 and set an “underperform” rating on the stock in a report on Monday, March 10th. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Jefferies Financial Group initiated coverage on Easterly Government Properties in a research note on Monday, March 17th. They issued a “buy” rating and a $13.00 price objective on the stock.

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.