Penserra Capital Management LLC Has $952,000 Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Penserra Capital Management LLC grew its holdings in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 21.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,816 shares of the real estate investment trust's stock after purchasing an additional 15,599 shares during the period. Penserra Capital Management LLC owned about 0.08% of Easterly Government Properties worth $952,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DEA. Vanguard Group Inc. increased its holdings 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 buying an additional 44,202 shares during the last quarter. Geode Capital Management LLC increased its holdings in Easterly Government Properties by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 2,572,549 shares of the real estate investment trust's stock worth $29,230,000 after buying an additional 19,858 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in Easterly Government Properties by 4.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,258,518 shares of the real estate investment trust's stock worth $25,657,000 after buying an additional 97,286 shares during the last quarter. Invesco Ltd. increased its holdings in Easterly Government Properties by 48.7% during the fourth quarter. Invesco Ltd. now owns 2,056,248 shares of the real estate investment trust's stock worth $23,359,000 after buying an additional 673,270 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Easterly Government Properties by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,975,328 shares of the real estate investment trust's stock worth $22,440,000 after buying an additional 66,071 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Royal Bank Of Canada decreased their price objective on shares of Easterly Government Properties from $27.50 to $22.00 and set an "underperform" rating on the stock in a report on Monday, June 2nd. Jefferies Financial Group assumed coverage on shares of Easterly Government Properties in a report on Monday, March 17th. They issued a "buy" rating and a $32.50 price objective on the stock. Wall Street Zen downgraded shares of Easterly Government Properties from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Finally, Compass Point reiterated a "neutral" rating and issued a $23.75 price objective (down from $37.50) on shares of Easterly Government Properties in a report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $27.69.

Easterly Government Properties Trading Down 0.2%

DEA stock opened at $22.91 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 4.90 and a current ratio of 4.90. The company's 50-day simple moving average is $21.90 and its 200 day simple moving average is $24.70. Easterly Government Properties, Inc. has a 52 week low of $19.33 and a 52 week high of $36.31. The company has a market capitalization of $1.03 billion, a PE ratio of 54.55 and a beta of 0.94.

Easterly Government Properties (NYSE:DEA - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.73 EPS for the quarter, meeting the consensus estimate of $0.73. Easterly Government Properties had a net margin of 5.86% and a return on equity of 1.30%. The business had revenue of $78.68 million for the quarter, compared to the consensus estimate of $80.67 million. During the same period in the prior year, the company posted $0.29 earnings per share. Easterly Government Properties's revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current year.

Easterly Government Properties Cuts Dividend

The company also recently disclosed a dividend, which was paid on Saturday, May 17th. Investors of record on Tuesday, May 6th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a yield of 8.92%. Easterly Government Properties's dividend payout ratio is 171.43%.

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.

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