Monetary Management Group Inc. bought a new position in Easterly Government Properties Inc (NYSE:DEA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,000 shares of the real estate investment trust’s stock, valued at approximately $119,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in DEA. BlackRock Inc. raised its holdings in Easterly Government Properties by 20.3% in the 2nd quarter. BlackRock Inc. now owns 9,073,828 shares of the real estate investment trust’s stock worth $179,299,000 after acquiring an additional 1,533,429 shares during the period. Centersquare Investment Management LLC acquired a new position in Easterly Government Properties in the second quarter valued at about $14,549,000. TD Asset Management Inc. acquired a new position in Easterly Government Properties in the second quarter valued at about $7,197,000. Citadel Advisors LLC boosted its position in Easterly Government Properties by 1,043.7% in the second quarter. Citadel Advisors LLC now owns 388,924 shares of the real estate investment trust’s stock valued at $7,686,000 after buying an additional 354,917 shares in the last quarter. Finally, Peregrine Capital Management LLC acquired a new position in Easterly Government Properties in the second quarter valued at about $6,748,000.
Shares of NYSE DEA opened at $20.12 on Thursday. Easterly Government Properties Inc has a 1-year low of $18.73 and a 1-year high of $22.32. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 15.97, a P/E/G ratio of 3.84 and a beta of 0.44. The company has a quick ratio of 6.97, a current ratio of 6.97 and a debt-to-equity ratio of 0.46.
Easterly Government Properties (NYSE:DEA) last announced its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.28). Easterly Government Properties had a return on equity of 0.59% and a net margin of 3.51%. The company had revenue of $36.97 million during the quarter, compared to the consensus estimate of $37.04 million. equities research analysts anticipate that Easterly Government Properties Inc will post 1.17 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Thursday, September 13th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date of this dividend is Wednesday, September 12th. Easterly Government Properties’s dividend payout ratio is presently 82.54%.
A number of equities analysts have commented on DEA shares. Zacks Investment Research lowered shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. ValuEngine upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Friday, July 6th.
In related news, CEO William C. Trimble sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $19.75, for a total transaction of $177,750.00. Following the completion of the sale, the chief executive officer now directly owns 90,713 shares of the company’s stock, valued at $1,791,581.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Darrell W. Crate sold 8,125 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $20.00, for a total transaction of $162,500.00. Following the sale, the chairman now directly owns 53,125 shares of the company’s stock, valued at $1,062,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,250 shares of company stock valued at $502,750. Insiders own 14.90% of the company’s stock.
About Easterly Government Properties
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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