Public Employees Retirement System of Ohio Has $1.33 Million Position in Easterly Government Properties Inc (DEA)

Public Employees Retirement System of Ohio lifted its position in Easterly Government Properties Inc (NYSE:DEA) by 26.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,363 shares of the real estate investment trust’s stock after purchasing an additional 13,938 shares during the period. Public Employees Retirement System of Ohio owned about 0.11% of Easterly Government Properties worth $1,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Monetary Management Group Inc. acquired a new position in shares of Easterly Government Properties in the 2nd quarter valued at $119,000. Glen Harbor Capital Management LLC lifted its stake in shares of Easterly Government Properties by 61.7% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 7,150 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 2,728 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of Easterly Government Properties by 62.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 8,100 shares of the real estate investment trust’s stock valued at $160,000 after purchasing an additional 3,100 shares during the period. Meadow Creek Investment Management LLC lifted its stake in shares of Easterly Government Properties by 61.7% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 11,050 shares of the real estate investment trust’s stock valued at $218,000 after purchasing an additional 4,216 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Easterly Government Properties by 191.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,265 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 7,400 shares during the period.

In other news, Chairman Darrell W. Crate sold 8,125 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $20.00, for a total transaction of $162,500.00. Following the completion of the sale, the chairman now owns 53,125 shares of the company’s stock, valued at $1,062,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Darrell W. Crate sold 400,000 shares of the company’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $19.65, for a total transaction of $7,860,000.00. Following the sale, the chairman now directly owns 45,000 shares of the company’s stock, valued at approximately $884,250. The disclosure for this sale can be found here. In the last three months, insiders sold 434,250 shares of company stock valued at $8,542,390. 14.90% of the stock is owned by insiders.

Several brokerages recently commented on DEA. ValuEngine raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Friday, July 6th. Zacks Investment Research raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Monday, September 24th.

Shares of NYSE DEA opened at $17.70 on Friday. The firm has a market capitalization of $1.17 billion, a P/E ratio of 14.05, a P/E/G ratio of 3.67 and a beta of 0.45. The company has a quick ratio of 6.97, a current ratio of 6.97 and a debt-to-equity ratio of 0.46. Easterly Government Properties Inc has a one year low of $17.42 and a one year high of $22.32.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.28). The company had revenue of $36.97 million during the quarter, compared to analysts’ expectations of $37.04 million. Easterly Government Properties had a return on equity of 0.59% and a net margin of 3.51%. Equities research analysts expect that Easterly Government Properties Inc will post 1.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 27th. Investors of record on Thursday, September 13th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 5.88%. The ex-dividend date of this dividend was Wednesday, September 12th. Easterly Government Properties’s payout ratio is presently 82.54%.

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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Institutional Ownership by Quarter for Easterly Government Properties (NYSE:DEA)

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