BlackRock Inc. raised its position in shares of Easterly Government Properties Inc (NYSE:DEA) by 10.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,540,399 shares of the real estate investment trust’s stock after purchasing an additional 720,309 shares during the quarter. BlackRock Inc. owned about 16.77% of Easterly Government Properties worth $153,822,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of DEA. Riverhead Capital Management LLC bought a new position in Easterly Government Properties during the 1st quarter valued at $102,000. SG Americas Securities LLC acquired a new stake in shares of Easterly Government Properties during the 4th quarter valued at $108,000. Meadow Creek Investment Management LLC acquired a new stake in shares of Easterly Government Properties during the 1st quarter valued at $139,000. LS Investment Advisors LLC acquired a new stake in shares of Easterly Government Properties during the 4th quarter valued at $142,000. Finally, QS Investors LLC acquired a new stake in shares of Easterly Government Properties during the 4th quarter valued at $149,000. 99.00% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on DEA shares. Zacks Investment Research upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. ValuEngine downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th. Three equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. Easterly Government Properties presently has an average rating of “Hold” and an average target price of $23.33.
In other news, Chairman Darrell W. Crate sold 160,000 shares of the stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $19.97, for a total transaction of $3,195,200.00. Following the completion of the sale, the chairman now owns 205,000 shares in the company, valued at approximately $4,093,850. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.90% of the stock is currently owned by corporate insiders.
Shares of NYSE:DEA opened at $19.48 on Friday. Easterly Government Properties Inc has a one year low of $19.03 and a one year high of $22.32. The firm has a market cap of $897.92 million, a PE ratio of 15.46 and a beta of 0.46. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.90 and a quick ratio of 1.90.
Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Tuesday, May 8th. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Easterly Government Properties had a net margin of 3.23% and a return on equity of 0.58%. The company had revenue of $35.97 million for the quarter, compared to analyst estimates of $38.53 million. During the same quarter last year, the company posted $0.31 EPS. Easterly Government Properties’s revenue was up 20.3% on a year-over-year basis. equities research analysts expect that Easterly Government Properties Inc will post 1.29 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Monday, June 11th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, June 8th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.34%. Easterly Government Properties’s dividend payout ratio (DPR) 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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