Citadel Advisors LLC lessened its position in Easterly Government Properties Inc (NYSE:DEA) by 22.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 300,694 shares of the real estate investment trust’s stock after selling 88,230 shares during the period. Citadel Advisors LLC owned about 0.49% of Easterly Government Properties worth $5,825,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of DEA. PNC Financial Services Group Inc. lifted its position in Easterly Government Properties by 109.0% during the third quarter. PNC Financial Services Group Inc. now owns 5,874 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 3,064 shares during the period. Monetary Management Group Inc. bought a new position in Easterly Government Properties during the second quarter valued at approximately $119,000. Glen Harbor Capital Management LLC lifted its position in Easterly Government Properties by 61.7% during the second 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 position in Easterly Government Properties by 62.0% during the second 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. Finally, First Trust Advisors LP bought a new position in Easterly Government Properties during the third quarter valued at approximately $209,000.
DEA opened at $18.38 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.98 and a current ratio of 0.98. Easterly Government Properties Inc has a 1-year low of $17.39 and a 1-year high of $22.32. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 5.23 and a beta of 0.51.
Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. Easterly Government Properties had a net margin of 4.30% and a return on equity of 0.70%. The business had revenue of $39.40 million for the quarter, compared to the consensus estimate of $39.59 million. During the same period last year, the firm earned $0.32 earnings per share. The company’s quarterly revenue was up 16.2% on a year-over-year basis. On average, equities analysts anticipate that Easterly Government Properties Inc will post 1.18 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Thursday, December 13th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, December 12th. This represents a $1.04 annualized dividend and a yield of 5.66%. Easterly Government Properties’s payout ratio is presently 82.54%.
In other Easterly Government Properties news, CAO Alison M. Bernard sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $17.77, for a total value of $177,700.00. Following the transaction, the chief accounting officer now directly owns 10,501 shares in the company, valued at $186,602.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William C. Trimble sold 9,000 shares of the stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $18.00, for a total transaction of $162,000.00. Following the completion of the transaction, the chief executive officer now owns 90,713 shares in the company, valued at $1,632,834. The disclosure for this sale can be found here. Insiders sold 436,125 shares of company stock worth $8,541,840 over the last quarter. Insiders own 14.90% of the company’s stock.
DEA has been the topic of a number of research analyst reports. ValuEngine downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Zacks Investment Research upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Monday, September 24th. Finally, Boenning Scattergood initiated coverage on shares of Easterly Government Properties in a research report on Wednesday, November 28th. They set an “outperform” rating and a $23.00 price objective on the stock.
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.
Further Reading: What is an SEC Filing?
Receive News & Ratings for Easterly Government Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Easterly Government Properties and related companies with MarketBeat.com's FREE daily email newsletter.