Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 9.2% in the third quarter, HoldingsChannel reports. The firm owned 24,784 shares of the real estate investment trust’s stock after acquiring an additional 2,086 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Easterly Government Properties were worth $555,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DEA. Glenmede Trust Co. NA grew its stake in Easterly Government Properties by 246.0% in the 2nd quarter. Glenmede Trust Co. NA now owns 1,519 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 1,080 shares during the period. Optimum Investment Advisors grew its stake in Easterly Government Properties by 78.9% in the 3rd quarter. Optimum Investment Advisors now owns 3,400 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 1,500 shares during the period. Assetmark Inc. purchased a new stake in Easterly Government Properties in the 2nd quarter worth approximately $84,000. Park Avenue Securities LLC acquired a new position in shares of Easterly Government Properties in the 3rd quarter valued at $201,000. Finally, Jane Street Group LLC acquired a new position in shares of Easterly Government Properties in the 2nd quarter valued at $210,000. 83.58% of the stock is owned by institutional investors and hedge funds.

DEA opened at $21.86 on Friday. The company has a 50-day moving average of $21.97 and a 200-day moving average of $23.47. The company has a market capitalization of $1.78 billion, a P/E ratio of 156.14 and a beta of 0.45. Easterly Government Properties, Inc. has a 1-year low of $19.00 and a 1-year high of $29.69. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.25 and a current ratio of 1.25.

Easterly Government Properties (NYSE:DEA) last released its earnings results on Saturday, November 7th. The real estate investment trust reported $0.05 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. The company had revenue of $61.10 million during the quarter, compared to the consensus estimate of $62.16 million. Easterly Government Properties had a net margin of 4.60% and a return on equity of 0.89%. The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 EPS. As a group, sell-side analysts expect that Easterly Government Properties, Inc. will post 1.25 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Wednesday, November 11th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Monday, November 9th. Easterly Government Properties’s payout ratio is currently 86.67%.

In related news, Chairman Darrell W. Crate sold 5,000 shares of the business’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $22.54, for a total transaction of $112,700.00. Following the completion of the sale, the chairman now owns 16,029 shares of the company’s stock, valued at approximately $361,293.66. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William C. Trimble sold 6,250 shares of the business’s stock in a transaction dated Monday, November 16th. The shares were sold at an average price of $22.07, for a total transaction of $137,937.50. Following the sale, the chief executive officer now directly owns 100,264 shares of the company’s stock, valued at approximately $2,212,826.48. The disclosure for this sale can be found here. Insiders sold a total of 43,750 shares of company stock valued at $991,400 in the last three months. Insiders own 9.90% of the company’s stock.

Several equities analysts recently weighed in on the stock. Royal Bank of Canada lowered shares of Easterly Government Properties from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $26.00 to $24.00 in a report on Wednesday, November 11th. ValuEngine upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. Zacks Investment Research upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, November 11th. Jefferies Financial Group reiterated a “buy” rating and issued a $28.00 price objective on shares of Easterly Government Properties in a report on Tuesday, August 11th. Finally, TheStreet lowered shares of Easterly Government Properties from a “b-” rating to a “c+” rating in a report on Tuesday, October 27th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Easterly Government Properties currently has a consensus rating of “Hold” and an average target price of $25.00.

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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Institutional Ownership by Quarter for Easterly Government Properties (NYSE:DEA)

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