Rhumbline Advisers raised its position in shares of Easterly Government Properties Inc (NYSE:DEA) by 15.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 237,904 shares of the real estate investment trust’s stock after acquiring an additional 32,273 shares during the period. Rhumbline Advisers owned approximately 0.33% of Easterly Government Properties worth $5,067,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of DEA. BlackRock Inc. grew its position in Easterly Government Properties by 8.1% during the second quarter. BlackRock Inc. now owns 11,660,213 shares of the real estate investment trust’s stock valued at $211,167,000 after acquiring an additional 874,410 shares during the period. Carlson Capital L P grew its position in Easterly Government Properties by 58.2% during the second quarter. Carlson Capital L P now owns 980,402 shares of the real estate investment trust’s stock valued at $17,755,000 after acquiring an additional 360,602 shares during the period. Morgan Stanley grew its position in Easterly Government Properties by 107.4% during the second quarter. Morgan Stanley now owns 582,902 shares of the real estate investment trust’s stock valued at $10,556,000 after acquiring an additional 301,810 shares during the period. AXA grew its position in Easterly Government Properties by 177.0% during the second quarter. AXA now owns 324,402 shares of the real estate investment trust’s stock valued at $5,875,000 after acquiring an additional 207,302 shares during the period. Finally, Vanguard Group Inc. grew its position in Easterly Government Properties by 2.7% during the second quarter. Vanguard Group Inc. now owns 7,239,439 shares of the real estate investment trust’s stock valued at $131,107,000 after acquiring an additional 190,513 shares during the period. 91.45% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on DEA shares. SunTrust Banks boosted their price target on Easterly Government Properties from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Compass Point started coverage on Easterly Government Properties in a research report on Monday, September 23rd. They set a “buy” rating and a $25.00 price target for the company. Raymond James boosted their price target on Easterly Government Properties from $19.50 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. Zacks Investment Research raised Easterly Government Properties from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Tuesday, October 15th. Finally, ValuEngine downgraded Easterly Government Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Easterly Government Properties has a consensus rating of “Buy” and an average target price of $22.33.
In other news, CEO William C. Trimble sold 9,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $20.68, for a total value of $186,120.00. Following the completion of the sale, the chief executive officer now owns 108,727 shares of the company’s stock, valued at $2,248,474.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 27,000 shares of company stock valued at $578,250 in the last ninety days. Company insiders own 12.10% of the company’s stock.
Shares of NYSE DEA opened at $22.86 on Friday. Easterly Government Properties Inc has a 1-year low of $15.16 and a 1-year high of $22.95. The business has a 50-day moving average of $21.71 and a 200-day moving average of $19.70. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 7.69 and a beta of 0.61.
Easterly Government Properties (NYSE:DEA) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.28). Easterly Government Properties had a return on equity of 0.74% and a net margin of 4.17%. The company had revenue of $57.60 million during the quarter, compared to analysts’ expectations of $54.96 million. During the same period in the previous year, the company earned $0.24 EPS. Easterly Government Properties’s quarterly revenue was up 46.2% on a year-over-year basis. Research analysts expect that Easterly Government Properties Inc will post 1.19 EPS for the current fiscal year.
The business also recently announced a dividend, which will be paid on Friday, December 27th. Stockholders of record on Wednesday, November 13th will be given a $0.26 dividend. This is an increase from Easterly Government Properties’s previous dividend of $0.21. The ex-dividend date is Tuesday, November 12th. Easterly Government Properties’s dividend payout ratio is presently 88.89%.
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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