Easterly Government Properties, Inc. $DEA Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 51.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 114,839 shares of the real estate investment trust’s stock after purchasing an additional 38,935 shares during the quarter. Hsbc Holdings PLC’s holdings in Easterly Government Properties were worth $2,466,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Easterly Government Properties by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 4,831,169 shares of the real estate investment trust’s stock worth $102,372,000 after purchasing an additional 167,092 shares during the period. State Street Corp grew its holdings in Easterly Government Properties by 0.5% during the fourth quarter. State Street Corp now owns 2,497,275 shares of the real estate investment trust’s stock worth $52,917,000 after acquiring an additional 13,200 shares during the period. Geode Capital Management LLC grew its holdings in Easterly Government Properties by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,139,044 shares of the real estate investment trust’s stock worth $24,141,000 after acquiring an additional 9,577 shares during the period. Millennium Management LLC raised its position in Easterly Government Properties by 1,759.2% in the first quarter. Millennium Management LLC now owns 1,000,176 shares of the real estate investment trust’s stock worth $10,602,000 after acquiring an additional 946,381 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Easterly Government Properties by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 962,687 shares of the real estate investment trust’s stock valued at $20,399,000 after acquiring an additional 40,451 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DEA. Weiss Ratings raised shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Wall Street Zen lowered shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $23.11.

Easterly Government Properties Stock Performance

NYSE DEA opened at $25.30 on Friday. The business has a 50 day moving average price of $24.35 and a 200 day moving average price of $23.41. The company has a market capitalization of $1.18 billion, a P/E ratio of 105.42 and a beta of 0.97. Easterly Government Properties, Inc. has a 1-year low of $20.56 and a 1-year high of $25.96. The company has a debt-to-equity ratio of 1.26, a current ratio of 4.01 and a quick ratio of 4.01.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc is a real estate investment trust that specializes in the acquisition, development and management of commercial properties leased to U.S. government agencies. Structured as a triple-net lease REIT, the company focuses on single-tenant assets with long-term, credit-backed leases that transfer most property-level responsibilities—including taxes, insurance and maintenance—to its government tenants.

The firm’s portfolio encompasses a variety of facility types, including office buildings, training centers, laboratories and mission-critical installations used by federal agencies.