Easterly Government Properties Inc (DEA) Holdings Boosted by Forsta AP Fonden

Forsta AP Fonden raised its stake in shares of Easterly Government Properties Inc (NYSE:DEA) by 75.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,000 shares of the real estate investment trust’s stock after acquiring an additional 8,200 shares during the period. Forsta AP Fonden’s holdings in Easterly Government Properties were worth $342,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Pearl River Capital LLC purchased a new stake in shares of Easterly Government Properties during the 4th quarter valued at $27,000. Private Capital Group LLC increased its position in shares of Easterly Government Properties by 62.8% during the 4th quarter. Private Capital Group LLC now owns 1,879 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 725 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new stake in shares of Easterly Government Properties during the 4th quarter valued at $47,000. Huntington National Bank purchased a new stake in shares of Easterly Government Properties during the 1st quarter valued at $51,000. Finally, Barnett & Company Inc. increased its position in shares of Easterly Government Properties by 62.5% during the 4th quarter. Barnett & Company Inc. now owns 5,200 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 2,000 shares during the last quarter.

Several brokerages recently weighed in on DEA. Zacks Investment Research lowered Easterly Government Properties from a “buy” rating to a “sell” rating in a report on Monday, May 13th. Citigroup decreased their price objective on Easterly Government Properties from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, March 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $21.00.

In related news, CAO Alison M. Bernard sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $18.03, for a total value of $360,600.00. Following the completion of the sale, the chief accounting officer now owns 20,501 shares in the company, valued at approximately $369,633.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William C. Trimble sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $17.80, for a total value of $160,200.00. Following the completion of the sale, the chief executive officer now owns 108,727 shares of the company’s stock, valued at approximately $1,935,340.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,250 shares of company stock valued at $971,749. Corporate insiders own 12.10% of the company’s stock.

DEA stock opened at $18.74 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.72. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 6.58 and a beta of 0.77. Easterly Government Properties Inc has a twelve month low of $15.16 and a twelve month high of $20.59.

Easterly Government Properties (NYSE:DEA) last posted its earnings results on Tuesday, May 7th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.32). The company had revenue of $50.60 million for the quarter, compared to analysts’ expectations of $49.73 million. Easterly Government Properties had a net margin of 2.15% and a return on equity of 0.35%. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 EPS. Sell-side analysts expect that Easterly Government Properties Inc will post 1.19 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Monday, June 10th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.55%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 88.89%.

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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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