Easterly Government Properties Inc (NYSE:DEA) Chairman Darrell W. Crate Sells 8,125 Shares

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.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date of this dividend was Wednesday, March 13th. Easterly Government Properties’s dividend payout ratio is currently 88.89%.

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.

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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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