Nisa Investment Advisors LLC lessened its holdings in Easterly Government Properties Inc (NYSE:DEA) by 2.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,320 shares of the real estate investment trust’s stock after selling 680 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Easterly Government Properties were worth $528,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in Easterly Government Properties by 10.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 862,821 shares of the real estate investment trust’s stock worth $16,712,000 after purchasing an additional 79,318 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Easterly Government Properties by 8.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 712,338 shares of the real estate investment trust’s stock worth $13,797,000 after purchasing an additional 57,524 shares during the last quarter. MetLife Investment Advisors LLC raised its holdings in Easterly Government Properties by 116.8% during the 3rd quarter. MetLife Investment Advisors LLC now owns 42,755 shares of the real estate investment trust’s stock worth $828,000 after purchasing an additional 23,037 shares during the last quarter. Teachers Advisors LLC raised its holdings in Easterly Government Properties by 18.1% during the 3rd quarter. Teachers Advisors LLC now owns 155,330 shares of the real estate investment trust’s stock worth $3,009,000 after purchasing an additional 23,773 shares during the last quarter. Finally, Cohen & Steers Inc. raised its holdings in Easterly Government Properties by 6.2% during the 3rd quarter. Cohen & Steers Inc. now owns 2,429,877 shares of the real estate investment trust’s stock worth $47,067,000 after purchasing an additional 142,600 shares during the last quarter.
Easterly Government Properties stock traded down $0.14 during midday trading on Wednesday, reaching $18.60. The stock had a trading volume of 374,400 shares, 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 stock has a market capitalization 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. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.32 and a current ratio of 1.32.
Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $50.60 million for the quarter, compared to the consensus estimate of $49.73 million. During the same quarter in the prior year, the company earned $0.31 earnings per share. The company’s quarterly revenue was up 40.6% on a year-over-year basis. Equities research analysts forecast that Easterly Government Properties Inc will post 1.19 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Monday, June 10th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 5.59%. The ex-dividend date is Friday, June 7th. Easterly Government Properties’s dividend payout ratio is presently 88.89%.
In other news, CAO Alison M. Bernard sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $18.03, for a total transaction of $360,600.00. Following the completion of the transaction, the chief accounting officer now owns 20,501 shares of the company’s stock, valued at $369,633.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Darrell W. Crate sold 8,125 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $18.10, for a total value of $147,062.50. Following the completion of the sale, the chairman now directly owns 64,154 shares of the company’s stock, valued at approximately $1,161,187.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,250 shares of company stock worth $971,749. Company insiders own 12.10% of the company’s stock.
Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Easterly Government Properties from a “buy” rating to a “sell” rating in a research report on Monday, May 13th. Citigroup lowered their target price on Easterly Government Properties from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, March 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $21.00.
Easterly Government Properties Company 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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