Darrell W. Crate Sells 400,000 Shares of Easterly Government Properties Inc (DEA) Stock
Easterly Government Properties Inc (NYSE:DEA) Chairman Darrell W. Crate sold 400,000 shares of the business’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $19.65, for a total transaction of $7,860,000.00. Following the completion of the transaction, the chairman now owns 45,000 shares in the company, valued at $884,250. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
NYSE:DEA opened at $19.68 on Wednesday. The company has a current ratio of 6.97, a quick ratio of 6.97 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 3.74 and a beta of 0.44. Easterly Government Properties Inc has a 1-year low of $18.73 and a 1-year high of $22.32.
Easterly Government Properties (NYSE:DEA) last posted its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.28). The firm had revenue of $36.97 million during the quarter, compared to analyst estimates of $37.04 million. Easterly Government Properties had a net margin of 3.51% and a return on equity of 0.59%. equities analysts expect that Easterly Government Properties Inc will post 1.17 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of DEA. Riverhead Capital Management LLC acquired a new position in shares of Easterly Government Properties in the 1st quarter worth approximately $102,000. Monetary Management Group Inc. acquired a new position in shares of Easterly Government Properties in the 2nd quarter worth approximately $119,000. Stratos Wealth Partners LTD. lifted its holdings in shares of Easterly Government Properties by 2,500.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 6,500 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 6,250 shares during the last quarter. Meadow Creek Investment Management LLC acquired a new position in shares of Easterly Government Properties in the 1st quarter worth approximately $139,000. Finally, Glen Harbor Capital Management LLC lifted its holdings in shares of Easterly Government Properties by 61.7% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 7,150 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 2,728 shares during the last quarter.
Separately, ValuEngine upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Friday, July 6th.
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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