Sei Investments Co. grew its holdings in Easterly Government Properties Inc (NYSE:DEA) by 3.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 258,998 shares of the real estate investment trust’s stock after buying an additional 7,555 shares during the quarter. Sei Investments Co. owned 0.57% of Easterly Government Properties worth $5,284,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Riverhead Capital Management LLC purchased a new stake in Easterly Government Properties during the 1st quarter worth about $102,000. SG Americas Securities LLC acquired a new position in shares of Easterly Government Properties during the fourth quarter worth approximately $108,000. Stratos Wealth Partners LTD. boosted its position in shares of Easterly Government Properties by 2,500.0% during the first quarter. Stratos Wealth Partners LTD. now owns 6,500 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 6,250 shares during the period. LS Investment Advisors LLC acquired a new position in shares of Easterly Government Properties during the fourth quarter worth approximately $142,000. Finally, Meadow Creek Investment Management LLC acquired a new position in shares of Easterly Government Properties during the first quarter worth approximately $139,000. Institutional investors and hedge funds own 99.00% of the company’s stock.
DEA has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. ValuEngine downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th. Three analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. Easterly Government Properties presently has a consensus rating of “Hold” and an average price target of $23.33.
DEA traded down $0.14 during trading on Friday, reaching $19.31. The stock had a trading volume of 40,105 shares, compared to its average volume of 1,032,866. The company has a market capitalization of $897.92 million, a price-to-earnings ratio of 15.44 and a beta of 0.46. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.90 and a quick ratio of 1.90. Easterly Government Properties Inc has a 1-year low of $19.03 and a 1-year high of $22.32.
Easterly Government Properties (NYSE:DEA) last released its 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 firm had revenue of $35.97 million during the quarter, compared to analyst estimates of $38.53 million. During the same quarter last year, the company earned $0.31 earnings per share. The business’s revenue for the quarter was up 20.3% on a year-over-year basis. equities analysts expect that Easterly Government Properties Inc will post 1.29 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Investors of record on Monday, June 11th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend is Friday, June 8th. Easterly Government Properties’s dividend payout ratio (DPR) is presently 82.54%.
In related news, Chairman Darrell W. Crate sold 160,000 shares of the stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $19.97, for a total value of $3,195,200.00. Following the completion of the transaction, the chairman now owns 205,000 shares of the company’s stock, valued at $4,093,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 14.90% of the company’s stock.
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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