Easterly Government Properties Inc (NYSE:DEA) Shares Purchased by Swiss National Bank

Swiss National Bank lifted its holdings in Easterly Government Properties Inc (NYSE:DEA) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 113,210 shares of the real estate investment trust’s stock after acquiring an additional 2,300 shares during the quarter. Swiss National Bank’s holdings in Easterly Government Properties were worth $2,050,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Bank of Montreal Can increased its position in shares of Easterly Government Properties by 3.0% during the first quarter. Bank of Montreal Can now owns 21,433 shares of the real estate investment trust’s stock valued at $386,000 after acquiring an additional 623 shares during the last quarter. Mason Street Advisors LLC increased its position in shares of Easterly Government Properties by 3.6% during the first quarter. Mason Street Advisors LLC now owns 19,559 shares of the real estate investment trust’s stock valued at $352,000 after acquiring an additional 672 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Easterly Government Properties by 2.0% during the second quarter. New York State Teachers Retirement System now owns 42,683 shares of the real estate investment trust’s stock valued at $773,000 after acquiring an additional 845 shares during the last quarter. Piedmont Investment Advisors Inc. increased its position in shares of Easterly Government Properties by 5.9% during the first quarter. Piedmont Investment Advisors Inc. now owns 15,325 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 857 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in shares of Easterly Government Properties by 183.6% during the first quarter. Advisory Services Network LLC now owns 1,421 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 920 shares during the last quarter. Hedge funds and other institutional investors own 81.26% of the company’s stock.

Shares of DEA stock traded down $0.04 during trading on Friday, reaching $20.96. The company’s stock had a trading volume of 1,157 shares, compared to its average volume of 963,543. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 7.40 and a beta of 0.60. The stock’s 50-day moving average price is $19.77 and its 200 day moving average price is $18.56. Easterly Government Properties Inc has a 1-year low of $15.16 and a 1-year high of $21.22.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.21). The business had revenue of $52.75 million during the quarter, compared to analyst estimates of $52.29 million. Easterly Government Properties had a net margin of 4.17% and a return on equity of 0.74%. The company’s revenue for the quarter was up 42.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 EPS. On average, sell-side analysts anticipate that Easterly Government Properties Inc will post 1.19 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend is Wednesday, September 11th. Easterly Government Properties’s dividend payout ratio (DPR) is currently 88.89%.

A number of equities research analysts have weighed in on DEA shares. ValuEngine upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating in a research report on Monday, August 12th. Raymond James lifted their price target on shares of Easterly Government Properties from $19.50 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. Finally, Zacks Investment Research cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $21.00.

In related news, Chairman Darrell W. Crate sold 8,125 shares of Easterly Government Properties stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $18.31, for a total value of $148,768.75. Following the completion of the transaction, the chairman now owns 64,154 shares in the company, valued at $1,174,659.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William C. Trimble sold 9,000 shares of Easterly Government Properties stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $19.14, for a total transaction of $172,260.00. Following the completion of the transaction, the chief executive officer now owns 108,727 shares of the company’s stock, valued at approximately $2,081,034.78. The disclosure for this sale can be found here. Insiders sold 47,750 shares of company stock valued at $903,413 in the last 90 days. Company insiders own 12.10% 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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Institutional Ownership by Quarter for Easterly Government Properties (NYSE:DEA)

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