Meadow Creek Investment Management LLC Boosts Position in Easterly Government Properties Inc (DEA)
Meadow Creek Investment Management LLC increased its position in shares of Easterly Government Properties Inc (NYSE:DEA) by 61.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,050 shares of the real estate investment trust’s stock after acquiring an additional 4,216 shares during the period. Meadow Creek Investment Management LLC’s holdings in Easterly Government Properties were worth $218,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of DEA. BlackRock Inc. lifted its stake in Easterly Government Properties by 20.3% during the 2nd quarter. BlackRock Inc. now owns 9,073,828 shares of the real estate investment trust’s stock worth $179,299,000 after acquiring an additional 1,533,429 shares in the last quarter. Centersquare Investment Management LLC acquired a new position in Easterly Government Properties during the 2nd quarter worth about $14,549,000. TD Asset Management Inc. acquired a new position in Easterly Government Properties during the 2nd quarter worth about $7,197,000. Peregrine Capital Management LLC acquired a new position in Easterly Government Properties during the 2nd quarter worth about $6,748,000. Finally, AEW Capital Management L P lifted its stake in Easterly Government Properties by 19.9% during the 2nd quarter. AEW Capital Management L P now owns 2,025,428 shares of the real estate investment trust’s stock worth $40,022,000 after acquiring an additional 335,581 shares in the last quarter.
Shares of NYSE DEA opened at $19.95 on Tuesday. The company has a current ratio of 6.97, a quick ratio of 6.97 and a debt-to-equity ratio of 0.46. Easterly Government Properties Inc has a 1-year low of $18.73 and a 1-year high of $22.32. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 3.76 and a beta of 0.44.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Thursday, September 13th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 12th. This represents a $1.04 annualized dividend and a yield of 5.21%. Easterly Government Properties’s dividend payout ratio (DPR) is 82.54%.
In other Easterly Government Properties news, CEO William C. Trimble sold 9,000 shares of the company’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $19.75, for a total transaction of $177,750.00. Following the sale, the chief executive officer now owns 90,713 shares in the company, valued at approximately $1,791,581.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Darrell W. Crate sold 8,125 shares of the company’s stock in a transaction dated Monday, July 9th. The stock was sold at an average price of $20.00, for a total value of $162,500.00. Following the sale, the chairman now owns 53,125 shares in the company, valued at approximately $1,062,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,250 shares of company stock worth $502,750. 14.90% of the stock is owned by company insiders.
Several brokerages have weighed in on DEA. ValuEngine upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Zacks Investment Research downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Monday, May 14th.
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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