Metropolitan Life Insurance Co. NY cut its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 0.1% during the first quarter, Holdings Channel reports. The firm owned 25,347 shares of the real estate investment trust’s stock after selling 16 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Easterly Government Properties were worth $502,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in Easterly Government Properties during the fourth quarter valued at $310,000. Dimensional Fund Advisors LP boosted its position in Easterly Government Properties by 104.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 164,574 shares of the real estate investment trust’s stock valued at $3,294,000 after buying an additional 83,948 shares during the period. Westpac Banking Corp boosted its position in Easterly Government Properties by 13.1% in the first quarter. Westpac Banking Corp now owns 80,314 shares of the real estate investment trust’s stock valued at $1,589,000 after buying an additional 9,300 shares during the period. Prudential Financial Inc. bought a new position in Easterly Government Properties during the first quarter valued at $202,000. Finally, Princeton Capital Management Inc. boosted its position in Easterly Government Properties by 52.0% in the first quarter. Princeton Capital Management Inc. now owns 54,973 shares of the real estate investment trust’s stock valued at $1,088,000 after buying an additional 18,801 shares during the period. Hedge funds and other institutional investors own 91.90% of the company’s stock.

Easterly Government Properties, Inc. (NYSE DEA) traded down 0.65% during mid-day trading on Friday, reaching $19.77. 356,222 shares of the company’s stock were exchanged. Easterly Government Properties, Inc. has a 12 month low of $17.94 and a 12 month high of $21.81. The firm has a market cap of $756.93 million, a price-to-earnings ratio of 197.70 and a beta of 0.56. The stock has a 50-day moving average of $20.36 and a 200-day moving average of $20.20.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.29. The company had revenue of $30.60 million during the quarter, compared to the consensus estimate of $30.61 million. Easterly Government Properties had a net margin of 3.40% and a return on equity of 0.58%. Easterly Government Properties’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 EPS. Analysts anticipate that Easterly Government Properties, Inc. will post $0.10 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Wednesday, September 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend is Tuesday, September 12th. Easterly Government Properties’s payout ratio is 1,000.10%.

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DEA has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Thursday, April 20th. Jefferies Group LLC boosted their price objective on shares of Easterly Government Properties from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Finally, BidaskClub cut shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price 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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Institutional Ownership by Quarter for Easterly Government Properties (NYSE:DEA)

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