Tower Research Capital LLC TRC Has $50,000 Position in Easterly Government Properties Inc (NYSE:DEA)

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Tower Research Capital LLC TRC increased its stake in shares of Easterly Government Properties Inc (NYSE:DEA) by 109.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,336 shares of the real estate investment trust’s stock after buying an additional 1,223 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Easterly Government Properties were worth $50,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Easterly Government Properties by 6.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 30,821 shares of the real estate investment trust’s stock valued at $555,000 after purchasing an additional 1,907 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Easterly Government Properties by 11.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the real estate investment trust’s stock valued at $468,000 after purchasing an additional 2,600 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in shares of Easterly Government Properties by 2.0% in the 2nd quarter. New York State Teachers Retirement System now owns 42,683 shares of the real estate investment trust’s stock valued at $773,000 after purchasing an additional 845 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Easterly Government Properties by 13.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 11,300 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Easterly Government Properties by 12.3% in the 2nd quarter. Arizona State Retirement System now owns 105,518 shares of the real estate investment trust’s stock valued at $1,911,000 after purchasing an additional 11,567 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

DEA has been the topic of a number of research analyst reports. ValuEngine downgraded Easterly Government Properties from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Compass Point initiated coverage on Easterly Government Properties in a report on Monday, September 23rd. They issued a “buy” rating and a $25.00 target price on the stock. Zacks Investment Research raised Easterly Government Properties from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Tuesday, October 15th. Raymond James raised their target price on Easterly Government Properties from $19.50 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. Finally, SunTrust Banks raised their target price on Easterly Government Properties from $20.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.20.

Shares of DEA opened at $23.09 on Tuesday. Easterly Government Properties Inc has a 52 week low of $15.16 and a 52 week high of $23.36. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 8.10 and a beta of 0.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.30 and a current ratio of 2.30. The stock has a fifty day moving average of $22.49 and a 200-day moving average of $20.30.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.28). Easterly Government Properties had a net margin of 3.04% and a return on equity of 0.57%. The firm had revenue of $57.60 million during the quarter, compared to the consensus estimate of $54.96 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The firm’s revenue was up 46.2% on a year-over-year basis. As a group, equities analysts forecast that Easterly Government Properties Inc will post 1.2 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Wednesday, November 13th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.50%. This is a boost from Easterly Government Properties’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, November 12th. Easterly Government Properties’s dividend payout ratio is presently 88.89%.

In related news, CEO William C. Trimble sold 9,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $2,315,885.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.10% of the stock is currently owned by corporate insiders.

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

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