State of Alaska Department of Revenue Boosts Stock Position in Easterly Government Properties Inc (NYSE:DEA)

State of Alaska Department of Revenue boosted its holdings in Easterly Government Properties Inc (NYSE:DEA) by 23.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,143 shares of the real estate investment trust’s stock after purchasing an additional 11,460 shares during the period. State of Alaska Department of Revenue owned about 0.09% of Easterly Government Properties worth $1,301,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DEA. Raymond James & Associates lifted its position in shares of Easterly Government Properties by 19.6% during the 1st quarter. Raymond James & Associates now owns 104,294 shares of the real estate investment trust’s stock valued at $1,878,000 after buying an additional 17,078 shares during the last quarter. US Bancorp DE lifted its position in shares of Easterly Government Properties by 5.2% during the 1st quarter. US Bancorp DE now owns 19,536 shares of the real estate investment trust’s stock valued at $351,000 after buying an additional 974 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Easterly Government Properties by 57.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 22,436 shares of the real estate investment trust’s stock valued at $404,000 after buying an additional 8,182 shares during the last quarter. State of Wisconsin Investment Board lifted its position in shares of Easterly Government Properties by 32.4% during the 1st quarter. State of Wisconsin Investment Board now owns 662,600 shares of the real estate investment trust’s stock valued at $11,933,000 after buying an additional 162,107 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. lifted its position in shares of Easterly Government Properties by 4.1% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 299,518 shares of the real estate investment trust’s stock valued at $5,394,000 after buying an additional 11,725 shares during the last quarter. 91.23% of the stock is currently owned by institutional investors and hedge funds.

In other Easterly Government Properties news, CEO William C. Trimble sold 9,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $20.68, for a total value of $186,120.00. Following the transaction, the chief executive officer now directly owns 108,727 shares in the company, valued at approximately $2,248,474.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Darrell W. Crate sold 8,125 shares of the 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 sale, 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 sold a total of 35,125 shares of company stock worth $700,149 over the last 90 days. Corporate insiders own 12.10% of the company’s stock.

NYSE:DEA opened at $21.57 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26. Easterly Government Properties Inc has a 52-week low of $15.16 and a 52-week high of $21.79. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 7.52 and a beta of 0.61. The business’s fifty day moving average is $21.03 and its 200 day moving average is $19.15.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.08 earnings per share (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 company had revenue of $52.75 million for the quarter, compared to the consensus estimate of $52.29 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The business’s revenue for the quarter was up 42.7% compared to the same quarter last year. Equities analysts predict that Easterly Government Properties Inc will post 1.19 EPS for the current fiscal year.

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

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

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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