ExodusPoint Capital Management LP Raises Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

ExodusPoint Capital Management LP grew its position in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 35.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 approximately 0.33% of Easterly Government Properties worth $3,967,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its stake in Easterly Government Properties by 0.8% in the fourth 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 buying an additional 19,858 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Easterly Government Properties by 67.6% during the 4th quarter. JPMorgan Chase & Co. now owns 762,183 shares of the real estate investment trust's stock worth $8,658,000 after acquiring an additional 307,369 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in Easterly Government Properties during the fourth quarter worth approximately $1,322,000. Vanguard Group Inc. lifted its stake in Easterly Government Properties by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 11,159,553 shares of the real estate investment trust's stock worth $126,773,000 after purchasing an additional 44,202 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in 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 purchasing an additional 15,635 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Easterly Government Properties Stock Performance

DEA stock traded down $0.14 on Friday, hitting $8.10. The company's stock had a trading volume of 4,001,700 shares, compared to its average volume of 1,145,370. The stock has a market cap of $874.03 million, a price-to-earnings ratio of 44.97 and a beta of 0.87. The firm has a 50 day moving average of $10.50 and a two-hundred day moving average of $11.71. 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 1 year low of $7.79 and a 1 year high of $14.53.

Easterly Government Properties's stock is scheduled to reverse split before the market opens on Monday, April 28th. The 2-5 reverse split was announced on Wednesday, April 9th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, April 25th.

Easterly Government Properties (NYSE:DEA - Get Free Report) last released its earnings results 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 business had revenue of $78.25 million for the quarter, compared to analyst estimates of $79.49 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts predict that Easterly Government Properties, Inc. will post 1.17 EPS for the current fiscal year.

Easterly Government Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 13.09%. The ex-dividend date of this dividend was Wednesday, March 5th. Easterly Government Properties's dividend payout ratio (DPR) is presently 557.89%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Jefferies Financial Group started coverage on shares of Easterly Government Properties in a report on Monday, March 17th. They set a "buy" rating and a $13.00 price objective on the stock. Compass Point reissued a "neutral" rating and issued a $9.50 price target (down from $15.00) on shares of Easterly Government Properties in a research report on Thursday. StockNews.com raised Easterly Government Properties from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Royal Bank of Canada cut their target price on Easterly Government Properties from $12.00 to $11.00 and set an "underperform" rating on the stock in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $11.63.

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.