Strs Ohio cut its position in Easterly Government Properties Inc (NYSE:DEA) by 9.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 95,374 shares of the real estate investment trust’s stock after selling 9,708 shares during the quarter. Strs Ohio owned about 0.16% of Easterly Government Properties worth $1,717,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of Easterly Government Properties by 1.6% in the fourth quarter. BlackRock Inc. now owns 10,993,248 shares of the real estate investment trust’s stock worth $172,375,000 after buying an additional 169,468 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Easterly Government Properties by 18.3% in the third quarter. Vanguard Group Inc now owns 6,535,031 shares of the real estate investment trust’s stock worth $126,583,000 after buying an additional 1,010,420 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Easterly Government Properties by 18.3% in the third quarter. Vanguard Group Inc. now owns 6,535,031 shares of the real estate investment trust’s stock worth $126,583,000 after buying an additional 1,010,420 shares during the last quarter. Cohen & Steers Inc. lifted its stake in shares of Easterly Government Properties by 16.8% in the fourth quarter. Cohen & Steers Inc. now owns 2,837,638 shares of the real estate investment trust’s stock worth $44,494,000 after buying an additional 407,761 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of Easterly Government Properties by 4.1% in the fourth quarter. Nuveen Asset Management LLC now owns 2,012,251 shares of the real estate investment trust’s stock worth $31,552,000 after buying an additional 79,246 shares during the last quarter.
In other news, CEO William C. Trimble sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $17.80, for a total transaction of $160,200.00. Following the completion of the transaction, the chief executive officer now directly owns 108,727 shares of the company’s stock, valued at approximately $1,935,340.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Alison M. Bernard sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $18.03, for a total transaction of $360,600.00. Following the transaction, the chief accounting officer now directly owns 20,501 shares of the company’s stock, valued at $369,633.03. The disclosure for this sale can be found here. Insiders sold a total of 54,250 shares of company stock worth $971,749 over the last quarter. 12.10% of the stock is currently owned by corporate insiders.
NYSE:DEA traded down $0.14 during mid-day trading on Wednesday, reaching $18.60. 374,400 shares of the company were exchanged, compared to its average volume of 430,737. Easterly Government Properties Inc has a 12 month low of $15.16 and a 12 month high of $20.59. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.72. The firm has a market cap of $1.27 billion, a P/E ratio of 15.90, a P/E/G ratio of 6.58 and a beta of 0.77.
Easterly Government Properties (NYSE:DEA) last released its earnings results on Tuesday, May 7th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.32). Easterly Government Properties had a net margin of 2.15% and a return on equity of 0.35%. The business had revenue of $50.60 million for the quarter, compared to analyst estimates of $49.73 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. As a group, equities analysts predict that Easterly Government Properties Inc will post 1.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Monday, June 10th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.59%. Easterly Government Properties’s dividend payout ratio is 88.89%.
Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. Citigroup lowered their price target on shares of Easterly Government Properties from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, March 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Easterly Government Properties has a consensus rating of “Hold” and an average price target of $21.00.
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Easterly Government Properties Profile
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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