Wells Fargo & Company MN raised its position in Easterly Government Properties Inc (NYSE:DEA) by 8.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 330,392 shares of the real estate investment trust’s stock after acquiring an additional 25,706 shares during the quarter. Wells Fargo & Company MN owned 0.73% of Easterly Government Properties worth $6,739,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. American International Group Inc. grew its position in Easterly Government Properties by 35.3% in the fourth quarter. American International Group Inc. now owns 33,747 shares of the real estate investment trust’s stock valued at $720,000 after acquiring an additional 8,811 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in Easterly Government Properties in the fourth quarter valued at approximately $243,000. Westwood Holdings Group Inc. grew its position in Easterly Government Properties by 3.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,242,918 shares of the real estate investment trust’s stock valued at $26,524,000 after acquiring an additional 37,510 shares in the last quarter. Deutsche Bank AG grew its position in Easterly Government Properties by 64.4% in the fourth quarter. Deutsche Bank AG now owns 719,014 shares of the real estate investment trust’s stock valued at $15,342,000 after acquiring an additional 281,638 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in Easterly Government Properties in the fourth quarter valued at approximately $229,000. 99.00% of the stock is owned by institutional investors.
In other news, Chairman Darrell W. Crate sold 160,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 24th. The shares were 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 of the company’s stock, valued at $4,093,850. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 14.90% of the stock is currently owned by company insiders.
Several brokerages have issued reports on DEA. Zacks Investment Research downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. ValuEngine downgraded shares of 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 assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $23.33.
DEA stock opened at $19.43 on Tuesday. Easterly Government Properties Inc has a twelve month low of $19.03 and a twelve month high of $22.32. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market cap of $909.26 million, a PE ratio of 15.42 and a beta of 0.46.
Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results on Tuesday, May 8th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Easterly Government Properties had a return on equity of 0.58% and a net margin of 3.23%. The company had revenue of $35.97 million for the quarter, compared to analyst estimates of $38.53 million. During the same period in the previous year, the business posted $0.31 EPS. The firm’s quarterly revenue was up 20.3% compared to the same quarter last year. analysts anticipate that Easterly Government Properties Inc will post 1.29 EPS for the current year.
The business also recently declared 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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date is Friday, June 8th. Easterly Government Properties’s payout ratio is currently 82.54%.
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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