Easterly Government Properties Inc (NYSE:DEA) Chairman Darrell W. Crate sold 8,125 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $18.10, for a total transaction of $147,062.50. Following the completion of the transaction, the chairman now owns 64,154 shares in the company, valued at $1,161,187.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of DEA opened at $17.60 on Friday. Easterly Government Properties Inc has a fifty-two week low of $15.16 and a fifty-two week high of $21.49. The company has a market cap of $1.07 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 5.09 and a beta of 0.79. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.75.
Easterly Government Properties (NYSE:DEA) last posted its earnings results on Thursday, February 28th. The real estate investment trust reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.30). The company had revenue of $48.20 million during the quarter, compared to analysts’ expectations of $46.72 million. Easterly Government Properties had a net margin of 3.55% and a return on equity of 0.58%. The company’s quarterly revenue was up 32.8% on a year-over-year basis. During the same period last year, the business earned $0.32 earnings per share. On average, research analysts forecast that Easterly Government Properties Inc will post 1.19 earnings per share for the current fiscal year.
Several equities analysts have recently commented on the stock. Citigroup decreased their price objective on shares of Easterly Government Properties from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, March 29th. Raymond James upgraded shares of Easterly Government Properties from a “market perform” rating to an “outperform” rating in a report on Tuesday, January 8th. Finally, Zacks Investment Research upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Wednesday, January 23rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $20.33.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in shares of Easterly Government Properties by 1.6% in the 4th quarter. BlackRock Inc. now owns 10,993,248 shares of the real estate investment trust’s stock worth $172,375,000 after acquiring an additional 169,468 shares during the period. Vanguard Group Inc. grew its holdings in shares of Easterly Government Properties by 18.3% during the third quarter. Vanguard Group Inc. now owns 6,535,031 shares of the real estate investment trust’s stock worth $126,583,000 after buying an additional 1,010,420 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of Easterly Government Properties by 18.3% during the third quarter. Vanguard Group Inc now owns 6,535,031 shares of the real estate investment trust’s stock worth $126,583,000 after buying an additional 1,010,420 shares in the last quarter. Cohen & Steers Inc. grew its holdings in shares of Easterly Government Properties by 16.8% during the fourth quarter. Cohen & Steers Inc. now owns 2,837,638 shares of the real estate investment trust’s stock worth $44,494,000 after buying an additional 407,761 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Easterly Government Properties by 18.2% during the third quarter. Renaissance Technologies LLC now owns 2,166,200 shares of the real estate investment trust’s stock worth $41,959,000 after buying an additional 333,300 shares in the last quarter.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.baseballdailydigest.com/news/2019/04/21/easterly-government-properties-inc-dea-chairman-sells-147062-50-in-stock.html.
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.
Featured Article: What is an investor looking for in an SEC filing?
Receive News & Ratings for Easterly Government Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Easterly Government Properties and related companies with MarketBeat.com's FREE daily email newsletter.