Bank of New York Mellon Corp Has $14.52 Million Stake in Easterly Government Properties Inc (NYSE:DEA)

Bank of New York Mellon Corp boosted its stake in Easterly Government Properties Inc (NYSE:DEA) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 925,750 shares of the real estate investment trust’s stock after purchasing an additional 62,929 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.52% of Easterly Government Properties worth $14,515,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Teachers Advisors LLC increased its stake in Easterly Government Properties by 18.1% in the 3rd quarter. Teachers Advisors LLC now owns 155,330 shares of the real estate investment trust’s stock worth $3,009,000 after purchasing an additional 23,773 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Easterly Government Properties by 7.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,278 shares of the real estate investment trust’s stock valued at $240,000 after buying an additional 1,001 shares during the period. IndexIQ Advisors LLC increased its stake in shares of Easterly Government Properties by 30.2% during the third quarter. IndexIQ Advisors LLC now owns 53,679 shares of the real estate investment trust’s stock valued at $1,040,000 after buying an additional 12,439 shares during the period. GW&K Investment Management LLC increased its stake in shares of Easterly Government Properties by 2.0% during the fourth quarter. GW&K Investment Management LLC now owns 1,212,011 shares of the real estate investment trust’s stock valued at $19,004,000 after buying an additional 23,208 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Easterly Government Properties by 1.6% during the fourth quarter. BlackRock Inc. now owns 10,993,248 shares of the real estate investment trust’s stock valued at $172,375,000 after buying an additional 169,468 shares during the period.

Several equities research analysts recently weighed in on DEA shares. Citigroup dropped their price target on Easterly Government Properties from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, March 29th. Zacks Investment Research lowered Easterly Government Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Finally, Raymond James upgraded Easterly Government Properties from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 8th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $20.33.

Shares of NYSE DEA traded up $0.14 during mid-day trading on Friday, hitting $17.91. 283,511 shares of the stock traded hands, compared to its average volume of 400,304. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.75. Easterly Government Properties Inc has a 52 week low of $15.16 and a 52 week high of $21.49. The firm has a market capitalization of $1.09 billion, a PE ratio of 15.31, a P/E/G ratio of 5.14 and a beta of 0.79.

Easterly Government Properties (NYSE:DEA) last released its earnings results on Thursday, February 28th. The real estate investment trust reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.30). Easterly Government Properties had a return on equity of 0.58% and a net margin of 3.55%. The company had revenue of $48.20 million during the quarter, compared to the consensus estimate of $46.72 million. During the same period last year, the firm posted $0.32 earnings per share. The company’s revenue was up 32.8% compared to the same quarter last year. On average, research analysts anticipate that Easterly Government Properties Inc will post 1.19 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 5.81%. The ex-dividend date was Wednesday, March 13th. Easterly Government Properties’s dividend payout ratio (DPR) is 88.89%.

In other news, Chairman Darrell W. Crate sold 8,125 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $17.33, for a total transaction of $140,806.25. Following the transaction, the chairman now directly owns 64,154 shares of the company’s stock, valued at $1,111,788.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William C. Trimble sold 9,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $17.80, for a total value of $160,200.00. Following the transaction, the chief executive officer now directly owns 108,727 shares in the company, valued at $1,935,340.60. The disclosure for this sale can be found here. Insiders sold 45,250 shares of company stock worth $808,669 over the last three months. Corporate insiders own 14.90% of the company’s stock.

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

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