Easterly Government Properties Inc (NYSE:DEA) Chairman Darrell W. Crate sold 400,000 shares of the business’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $19.65, for a total value of $7,860,000.00. Following the transaction, the chairman now owns 45,000 shares of the company’s stock, valued at approximately $884,250. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of DEA traded up $0.17 during midday trading on Monday, reaching $19.94. The stock had a trading volume of 738,600 shares, compared to its average volume of 598,925. Easterly Government Properties Inc has a 52 week low of $18.73 and a 52 week high of $22.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 6.97 and a current ratio of 6.97. The company has a market capitalization of $1.20 billion, a PE ratio of 15.83, a P/E/G ratio of 3.77 and a beta of 0.44.
Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Tuesday, August 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.28). Easterly Government Properties had a return on equity of 0.59% and a net margin of 3.51%. The firm had revenue of $36.97 million during the quarter, compared to the consensus estimate of $37.04 million. equities research analysts forecast that Easterly Government Properties Inc will post 1.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Thursday, September 13th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend is Wednesday, September 12th. Easterly Government Properties’s dividend payout ratio is presently 82.54%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Riverhead Capital Management LLC bought a new stake in shares of Easterly Government Properties in the 1st quarter worth $102,000. Monetary Management Group Inc. bought a new stake in shares of Easterly Government Properties in the 2nd quarter worth $119,000. Stratos Wealth Partners LTD. raised its stake in shares of Easterly Government Properties by 2,500.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 6,500 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 6,250 shares in the last quarter. Meadow Creek Investment Management LLC bought a new stake in shares of Easterly Government Properties in the 1st quarter worth $139,000. Finally, Glen Harbor Capital Management LLC raised its stake in shares of Easterly Government Properties by 61.7% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 7,150 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 2,728 shares in the last quarter.
Separately, ValuEngine upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th.
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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