Easterly Government Properties, Inc. (NYSE:DEA) Chairman Darrell W. Crate Sells 2,000 Shares of Stock

Easterly Government Properties, Inc. (NYSE:DEA) Chairman Darrell W. Crate sold 2,000 shares of Easterly Government Properties stock in a transaction on Friday, September 10th. The stock was sold at an average price of $20.80, for a total value of $41,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Darrell W. Crate also recently made the following trade(s):

  • On Monday, July 26th, Darrell W. Crate sold 5,000 shares of Easterly Government Properties stock. The stock was sold at an average price of $22.22, for a total value of $111,100.00.

Easterly Government Properties stock opened at $21.02 on Wednesday. The stock’s 50 day moving average is $21.79 and its 200 day moving average is $21.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $1.76 billion, a P/E ratio of 80.85 and a beta of 0.43. Easterly Government Properties, Inc. has a one year low of $19.64 and a one year high of $23.97.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Tuesday, August 3rd. The real estate investment trust reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.23). The company had revenue of $68.60 million during the quarter, compared to analyst estimates of $67.82 million. Easterly Government Properties had a return on equity of 1.66% and a net margin of 8.38%. Easterly Government Properties’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 earnings per share. Equities analysts anticipate that Easterly Government Properties, Inc. will post 1.31 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 24th. Investors of record on Thursday, August 12th were paid a $0.265 dividend. This is a positive change from Easterly Government Properties’s previous quarterly dividend of $0.26. This represents a $1.06 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date was Wednesday, August 11th. Easterly Government Properties’s payout ratio is currently 84.13%.

A number of research analysts recently commented on DEA shares. Zacks Investment Research cut Easterly Government Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, August 24th. Raymond James lifted their price target on Easterly Government Properties from $24.00 to $24.50 and gave the company an “outperform” rating in a research note on Wednesday, August 4th. Finally, TheStreet raised Easterly Government Properties from a “c+” rating to a “b-” rating in a research note on Thursday, July 29th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Easterly Government Properties has an average rating of “Buy” and an average target price of $25.08.

A number of institutional investors and hedge funds have recently modified their holdings of DEA. Victory Capital Management Inc. increased its holdings in shares of Easterly Government Properties by 8,062.7% during the second quarter. Victory Capital Management Inc. now owns 1,089,144 shares of the real estate investment trust’s stock valued at $22,960,000 after acquiring an additional 1,075,801 shares in the last quarter. BlackRock Inc. grew its holdings in Easterly Government Properties by 5.2% during the first quarter. BlackRock Inc. now owns 15,209,958 shares of the real estate investment trust’s stock worth $315,305,000 after buying an additional 756,345 shares in the last quarter. Peregrine Capital Management LLC bought a new stake in Easterly Government Properties during the second quarter worth $14,568,000. Janus Henderson Group PLC grew its holdings in Easterly Government Properties by 42.7% during the first quarter. Janus Henderson Group PLC now owns 2,007,009 shares of the real estate investment trust’s stock worth $41,605,000 after buying an additional 600,173 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Easterly Government Properties during the first quarter worth $11,908,000. 86.24% of the stock is currently owned by hedge funds and other institutional investors.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc operates as a real estate investment trust, which engages in the acquisition, development, and management of commercial properties that are leased to U.S. Government agencies. The company was founded on October 10, 2014 and is headquartered in Washington, DC.

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Insider Buying and Selling by Quarter for Easterly Government Properties (NYSE:DEA)

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