Russell Investments Group Ltd. Has $683,000 Holdings in Easterly Government Properties, Inc. (DEA)

Russell Investments Group Ltd. lowered its position in Easterly Government Properties, Inc. (NYSE:DEA) by 8.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,563 shares of the real estate investment trust’s stock after selling 2,963 shares during the period. Russell Investments Group Ltd. owned about 0.09% of Easterly Government Properties worth $683,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of DEA. Teachers Advisors LLC raised its position in shares of Easterly Government Properties by 1.6% in the fourth quarter. Teachers Advisors LLC now owns 69,846 shares of the real estate investment trust’s stock worth $1,398,000 after acquiring an additional 1,109 shares during the period. Bank of Montreal Can acquired a new position in shares of Easterly Government Properties in the first quarter worth about $156,000. Wells Fargo & Company MN raised its position in shares of Easterly Government Properties by 0.3% in the first quarter. Wells Fargo & Company MN now owns 232,680 shares of the real estate investment trust’s stock worth $4,604,000 after acquiring an additional 643 shares during the period. Great West Life Assurance Co. Can raised its position in shares of Easterly Government Properties by 47.3% in the first quarter. Great West Life Assurance Co. Can now owns 16,307 shares of the real estate investment trust’s stock worth $323,000 after acquiring an additional 5,237 shares during the period. Finally, American Century Companies Inc. acquired a new position in shares of Easterly Government Properties in the first quarter worth about $277,000. Institutional investors and hedge funds own 96.30% of the company’s stock.

A number of brokerages have weighed in on DEA. Zacks Investment Research upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. BidaskClub downgraded shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $24.00 price objective on shares of Easterly Government Properties in a research report on Monday, May 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Easterly Government Properties has a consensus rating of “Hold” and a consensus target price of $22.13.

Easterly Government Properties, Inc. (DEA) traded down 0.79% during mid-day trading on Friday, hitting $19.99. 1,153,361 shares of the stock were exchanged. Easterly Government Properties, Inc. has a one year low of $17.94 and a one year high of $21.07. The company has a 50-day moving average price of $20.01 and a 200-day moving average price of $20.30. The company has a market cap of $765.36 million, a P/E ratio of 199.90 and a beta of 0.56.

Easterly Government Properties (NYSE:DEA) last released its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.29). Easterly Government Properties had a return on equity of 0.58% and a net margin of 3.40%. The firm had revenue of $30.60 million during the quarter, compared to analyst estimates of $30.61 million. During the same quarter last year, the business posted $0.30 EPS. The firm’s revenue was up 22.9% on a year-over-year basis. Analysts forecast that Easterly Government Properties, Inc. will post $0.11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Wednesday, September 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Tuesday, September 12th. Easterly Government Properties’s dividend payout ratio (DPR) is presently 1,000.10%.

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About Easterly Government Properties

Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).

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

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