Easterly Government Properties Inc (NYSE:DEA) Shares Sold by Ladenburg Thalmann Financial Services Inc.

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Ladenburg Thalmann Financial Services Inc. cut its stake in Easterly Government Properties Inc (NYSE:DEA) by 4.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,850 shares of the real estate investment trust’s stock after selling 1,804 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Easterly Government Properties were worth $668,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DEA. Advisory Services Network LLC grew its holdings in shares of Easterly Government Properties by 183.6% during the 1st quarter. Advisory Services Network LLC now owns 1,421 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 920 shares during the period. First Mercantile Trust Co. purchased a new position in shares of Easterly Government Properties during the 2nd quarter worth $44,000. MML Investors Services LLC grew its holdings in shares of Easterly Government Properties by 6.6% during the 2nd quarter. MML Investors Services LLC now owns 10,733 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 665 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of Easterly Government Properties by 13.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 11,300 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 1,300 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Easterly Government Properties by 20.7% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,700 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 2,353 shares during the period. Institutional investors and hedge funds own 91.23% of the company’s stock.

Shares of Easterly Government Properties stock opened at $21.57 on Friday. The business has a 50-day moving average of $21.03 and a 200 day moving average of $19.15. Easterly Government Properties Inc has a 12 month low of $15.16 and a 12 month high of $21.79. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 7.52 and a beta of 0.61. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.26 and a quick ratio of 1.26.

Easterly Government Properties (NYSE:DEA) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $52.75 million for the quarter, compared to analysts’ expectations of $52.29 million. During the same quarter last year, the business earned $0.29 earnings per share. The business’s revenue was up 42.7% compared to the same quarter last year. Equities research analysts anticipate that Easterly Government Properties Inc will post 1.19 earnings per share for the current year.

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

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

In related news, CEO William C. Trimble sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $21.30, for a total transaction of $191,700.00. Following the completion of the transaction, the chief executive officer now directly owns 108,727 shares in the company, valued at approximately $2,315,885.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Darrell W. Crate sold 8,125 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $18.47, for a total value of $150,068.75. Following the transaction, the chairman now owns 64,154 shares of the company’s stock, 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 valued at $700,149 over the last 90 days. 12.10% of the stock is currently owned by company insiders.

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.

Read More: Return on Investment (ROI)

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

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