First National Bank of Omaha lifted its stake in Easterly Government Properties Inc (NYSE:DEA) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,216 shares of the real estate investment trust’s stock after purchasing an additional 994 shares during the period. First National Bank of Omaha owned 0.15% of Easterly Government Properties worth $2,242,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. FTB Advisors Inc. bought a new position in Easterly Government Properties in the third quarter valued at approximately $30,000. Usca Ria LLC bought a new stake in Easterly Government Properties in the 3rd quarter valued at $43,000. First Mercantile Trust Co. bought a new stake in Easterly Government Properties in the 2nd quarter valued at $44,000. Huntington National Bank lifted its position in Easterly Government Properties by 35.5% in the 3rd quarter. Huntington National Bank now owns 3,816 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Eii Capital Management Inc. acquired a new stake in Easterly Government Properties in the 3rd quarter valued at $87,000. 91.45% of the stock is owned by institutional investors and hedge funds.
Shares of Easterly Government Properties stock traded down $0.02 on Friday, reaching $22.84. 348,655 shares of the stock were exchanged, compared to its average volume of 519,249. The firm’s 50 day moving average is $21.71 and its 200-day moving average is $19.70. Easterly Government Properties Inc has a one year low of $15.16 and a one year high of $22.95. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $1.56 billion, a PE ratio of 19.52, a P/E/G ratio of 7.69 and a beta of 0.61.
Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.28). Easterly Government Properties had a return on equity of 0.74% and a net margin of 4.17%. The firm had revenue of $57.60 million for the quarter, compared to the consensus estimate of $54.96 million. During the same period last year, the company posted $0.24 EPS. The business’s revenue was up 46.2% on a year-over-year basis. On average, equities research analysts expect that Easterly Government Properties Inc will post 1.19 EPS for the current fiscal year.
The firm also recently declared a dividend, which will be paid on Friday, December 27th. Shareholders of record on Wednesday, November 13th will be given a $0.26 dividend. This is a boost from Easterly Government Properties’s previous dividend of $0.21. The ex-dividend date of this dividend is Tuesday, November 12th. Easterly Government Properties’s dividend payout ratio is 88.89%.
In other Easterly Government Properties news, CEO William C. Trimble sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $20.68, for a total value of $186,120.00. Following the completion of the transaction, the chief executive officer now directly owns 108,727 shares in the company, valued at approximately $2,248,474.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 27,000 shares of company stock valued at $578,250. Corporate insiders own 12.10% of the company’s stock.
Several equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, October 15th. Compass Point assumed coverage on shares of Easterly Government Properties in a research note on Monday, September 23rd. They set a “buy” rating and a $25.00 price objective on the stock. ValuEngine lowered shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Raymond James boosted their price objective on shares of Easterly Government Properties from $19.50 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. Finally, SunTrust Banks boosted their price objective on shares of Easterly Government Properties from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Easterly Government Properties currently has an average rating of “Buy” and an average price target of $22.33.
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.
Read More: High-Yield Dividend Stocks
Receive News & Ratings for Easterly Government Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Easterly Government Properties and related companies with MarketBeat.com's FREE daily email newsletter.