Easterly Government Properties, Inc. (NYSE:DEA) Position Cut by NGAM Advisors L.P.
NGAM Advisors L.P. cut its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,922 shares of the real estate investment trust’s stock after selling 4,163 shares during the period. NGAM Advisors L.P.’s holdings in Easterly Government Properties were worth $3,036,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in DEA. Bank of Montreal Can purchased a new position in Easterly Government Properties during the first quarter valued at approximately $156,000. Orinda Asset Management LLC purchased a new position in Easterly Government Properties during the first quarter valued at approximately $198,000. Prudential Financial Inc. purchased a new position in Easterly Government Properties during the first quarter valued at approximately $202,000. Teacher Retirement System of Texas purchased a new position in Easterly Government Properties during the first quarter valued at approximately $212,000. Finally, Dubuque Bank & Trust Co. purchased a new position in Easterly Government Properties during the first quarter valued at approximately $213,000. 91.90% of the stock is currently owned by hedge funds and other institutional investors.
Easterly Government Properties, Inc. (NYSE:DEA) opened at 19.90 on Friday. The firm has a 50-day moving average of $20.39 and a 200 day moving average of $20.21. Easterly Government Properties, Inc. has a 12-month low of $17.94 and a 12-month high of $21.81. The company has a market capitalization of $762.27 million, a price-to-earnings ratio of 199.00 and a beta of 0.56.
Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by $0.29. Easterly Government Properties had a return on equity of 0.58% and a net margin of 3.40%. The firm had revenue of $30.60 million during the quarter, compared to analysts’ expectations of $30.61 million. During the same period in the previous year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. Analysts expect that Easterly Government Properties, Inc. will post $0.14 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Wednesday, September 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date is Tuesday, September 12th. Easterly Government Properties’s payout ratio is 1,000.10%.
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Several research firms have commented on DEA. Zacks Investment Research raised shares of Easterly Government Properties from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Thursday, April 20th. BidaskClub lowered shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $24.00 target price on shares of Easterly Government Properties in a report on Monday, May 22nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Easterly Government Properties currently has a consensus rating of “Hold” and a consensus price target of $22.13.
About Easterly Government Properties
Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).
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