Gilman Hill Asset Management LLC Has $7.84 Million Stock Position in Easterly Government Properties, Inc. (NYSE:DEA)

Gilman Hill Asset Management LLC lessened its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 12.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 690,041 shares of the real estate investment trust’s stock after selling 100,512 shares during the quarter. Easterly Government Properties accounts for approximately 1.4% of Gilman Hill Asset Management LLC’s portfolio, making the stock its 18th biggest holding. Gilman Hill Asset Management LLC’s holdings in Easterly Government Properties were worth $7,839,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of Easterly Government Properties during the 3rd quarter valued at $856,000. Barclays PLC lifted its stake in Easterly Government Properties by 324.6% during the 3rd 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 in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Easterly Government Properties by 3.5% during the 3rd 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 in the last quarter. Victory Capital Management Inc. boosted its holdings in Easterly Government Properties by 4.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,932,660 shares of the real estate investment trust’s stock worth $26,246,000 after acquiring an additional 79,400 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Easterly Government Properties by 1.2% in the 3rd quarter. State Street Corp now owns 5,839,318 shares of the real estate investment trust’s stock worth $79,298,000 after acquiring an additional 66,663 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Truist Financial dropped their target price on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. StockNews.com cut Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. Finally, Jefferies Financial Group decreased their price objective on Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, January 2nd.

Easterly Government Properties Price Performance

DEA stock opened at $11.53 on Monday. Easterly Government Properties, Inc. has a 12 month low of $10.76 and a 12 month high of $14.52. 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 P/E ratio of 64.03 and a beta of 0.69. The firm has a 50 day moving average of $11.79 and a 200-day moving average of $12.89.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.24). Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The business had revenue of $74.78 million during the quarter, compared to analysts’ expectations of $74.98 million. During the same period in the previous year, the business earned $0.29 EPS. The business’s revenue was up 3.8% on a year-over-year basis. As a group, sell-side analysts predict that Easterly Government Properties, Inc. will post 1.16 earnings per share for the current fiscal year.

Easterly Government Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.265 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.06 dividend on an annualized basis and a yield of 9.20%. Easterly Government Properties’s dividend payout ratio is presently 588.89%.

Insider Transactions at Easterly Government Properties

In other news, CEO Darrell W. Crate acquired 10,000 shares of Easterly Government Properties stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of $10.91 per share, for a total transaction of $109,100.00. Following the transaction, the chief executive officer now owns 171,479 shares of the company’s stock, valued at $1,870,835.89. This trade represents a 6.19 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 8.10% of the company’s 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.