Easterly Government Properties, Inc. (DEA) Sees Significant Decrease in Short Interest
Easterly Government Properties, Inc. (NYSE:DEA) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 5,460,078 shares, a decline of 0.2% from the July 14th total of 5,472,433 shares. Approximately 15.1% of the company’s shares are short sold. Based on an average daily trading volume, of 196,084 shares, the days-to-cover ratio is presently 27.8 days.
Shares of Easterly Government Properties (DEA) traded down 1.15% on Tuesday, hitting $19.78. The stock had a trading volume of 234,293 shares. Easterly Government Properties has a 1-year low of $17.94 and a 1-year high of $21.81. The firm has a 50 day moving average of $20.10 and a 200-day moving average of $20.21. The firm has a market capitalization of $757.32 million, a price-to-earnings ratio of 197.80 and a beta of 0.56.
Easterly Government Properties (NYSE:DEA) last posted its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.29. The business had revenue of $30.60 million during the quarter, compared to the consensus estimate of $30.61 million. Easterly Government Properties had a return on equity of 0.58% and a net margin of 3.40%. The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share. Equities analysts predict that Easterly Government Properties will post $0.11 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Wednesday, September 13th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $1.00 annualized dividend and a dividend yield of 5.06%. Easterly Government Properties’s payout ratio is presently 1,000.10%.
Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Easterly Government Properties by 104.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 164,574 shares of the real estate investment trust’s stock valued at $3,294,000 after buying an additional 83,948 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Easterly Government Properties during the fourth quarter valued at about $1,287,000. Norges Bank acquired a new stake in Easterly Government Properties during the fourth quarter valued at about $310,000. Teachers Advisors LLC boosted its stake in Easterly Government Properties by 1.6% in the fourth quarter. Teachers Advisors LLC now owns 69,846 shares of the real estate investment trust’s stock valued at $1,398,000 after buying an additional 1,109 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in Easterly Government Properties during the first quarter valued at about $156,000. 90.12% of the stock is currently owned by institutional investors.
DEA has been the topic of several recent research reports. Zacks Investment Research raised Easterly Government Properties from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Monday, May 8th. Jefferies Group LLC reaffirmed a “buy” rating and set a $24.00 target price on shares of Easterly Government Properties in a report on Monday, May 22nd. Finally, BidaskClub downgraded Easterly Government Properties from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $22.13.
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About Easterly Government Properties
Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).
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