State of Alaska Department of Revenue Boosts Holdings in Easterly Government Properties Inc (NYSE:DEA)

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State of Alaska Department of Revenue raised its holdings in Easterly Government Properties Inc (NYSE:DEA) by 23.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 61,143 shares of the real estate investment trust’s stock after acquiring an additional 11,460 shares during the period. State of Alaska Department of Revenue’s holdings in Easterly Government Properties were worth $1,301,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Strs Ohio increased its position in Easterly Government Properties by 6.4% during the second quarter. Strs Ohio now owns 101,524 shares of the real estate investment trust’s stock worth $1,838,000 after purchasing an additional 6,150 shares during the last quarter. AXA increased its position in shares of Easterly Government Properties by 177.0% in the second quarter. AXA now owns 324,402 shares of the real estate investment trust’s stock worth $5,875,000 after acquiring an additional 207,302 shares in the last quarter. Dupont Capital Management Corp acquired a new stake in shares of Easterly Government Properties in the second quarter worth $1,116,000. New York State Teachers Retirement System increased its position in shares of Easterly Government Properties by 2.0% in the second quarter. New York State Teachers Retirement System now owns 42,683 shares of the real estate investment trust’s stock worth $773,000 after acquiring an additional 845 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Easterly Government Properties by 5.2% in the first quarter. US Bancorp DE now owns 19,536 shares of the real estate investment trust’s stock valued at $351,000 after purchasing an additional 974 shares during the period. 91.23% of the stock is currently owned by institutional investors.

In other Easterly Government Properties news, CEO William C. Trimble sold 9,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $21.30, for a total transaction of $191,700.00. Following the transaction, the chief executive officer now directly owns 108,727 shares in the company, valued at approximately $2,315,885.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Darrell W. Crate sold 8,125 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $18.47, for a total transaction of $150,068.75. Following the transaction, the chairman now owns 64,154 shares in the company, valued at $1,184,924.38. The disclosure for this sale can be found here. Insiders have sold a total of 35,125 shares of company stock worth $700,149 over the last quarter. 12.10% of the stock is currently owned by insiders.

Shares of DEA stock opened at $21.57 on Friday. Easterly Government Properties Inc has a twelve month low of $15.16 and a twelve month high of $21.79. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $1.54 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 7.52 and a beta of 0.61. The firm has a fifty day simple moving average of $21.03 and a 200-day simple moving average of $19.15.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.21). Easterly Government Properties had a net margin of 4.17% and a return on equity of 0.74%. The company had revenue of $52.75 million for the quarter, compared to the consensus estimate of $52.29 million. During the same quarter last year, the company earned $0.29 earnings per share. The company’s revenue was up 42.7% compared to the same quarter last year. Equities research analysts predict that Easterly Government Properties Inc will post 1.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.04 dividend on an annualized basis and a yield of 4.82%. Easterly Government Properties’s dividend payout ratio (DPR) is 88.89%.

Several research analysts have recently weighed in on the stock. Raymond James upped their target price on shares of Easterly Government Properties from $19.50 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. Zacks Investment Research downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Thursday, September 12th. ValuEngine downgraded shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. SunTrust Banks upped their target price on shares of Easterly Government Properties from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Finally, Compass Point assumed coverage on shares of Easterly Government Properties in a research note on Monday, September 23rd. They issued a “buy” rating and a $25.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $21.83.

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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Institutional Ownership by Quarter for Easterly Government Properties (NYSE:DEA)

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