Easterly Government Properties, Inc. (NYSE:DEA) Shares Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC reduced its position in Easterly Government Properties, Inc. (NYSE:DEA) by 28.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,395 shares of the real estate investment trust’s stock after selling 4,979 shares during the quarter. Quadrant Capital Group LLC’s holdings in Easterly Government Properties were worth $141,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in Easterly Government Properties by 3.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 48,846 shares of the real estate investment trust’s stock valued at $663,000 after acquiring an additional 1,637 shares during the last quarter. Quantinno Capital Management LP purchased a new position in Easterly Government Properties in the third quarter valued at approximately $142,000. State Street Corp raised its holdings in Easterly Government Properties by 1.2% in the third quarter. State Street Corp now owns 5,839,318 shares of the real estate investment trust’s stock valued at $79,298,000 after buying an additional 66,663 shares during the period. National Bank of Canada FI raised its holdings in Easterly Government Properties by 430.2% in the third quarter. National Bank of Canada FI now owns 49,905 shares of the real estate investment trust’s stock valued at $678,000 after buying an additional 40,492 shares during the period. Finally, Barclays PLC raised its stake in shares of Easterly Government Properties by 324.6% during the third quarter. Barclays PLC now owns 165,212 shares of the real estate investment trust’s stock valued at $2,244,000 after purchasing an additional 126,306 shares during the period. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Easterly Government Properties Price Performance

Shares of Easterly Government Properties stock opened at $9.55 on Thursday. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07. The company’s 50-day moving average price is $10.62 and its two-hundred day moving average price is $11.79. Easterly Government Properties, Inc. has a 52 week low of $8.81 and a 52 week high of $14.53. The stock has a market cap of $1.03 billion, a PE ratio of 53.06 and a beta of 0.87.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.22. The firm had revenue of $78.25 million for the quarter, compared to analysts’ expectations of $79.49 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. Easterly Government Properties’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. As a group, sell-side analysts anticipate that Easterly Government Properties, Inc. will post 1.17 EPS for the current fiscal year.

Easterly Government Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were paid a $0.265 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.06 annualized dividend and a dividend yield of 11.10%. Easterly Government Properties’s payout ratio is 557.89%.

Wall Street Analysts Forecast Growth

DEA has been the topic of a number of analyst reports. Jefferies Financial Group started coverage on shares of Easterly Government Properties in a research note on Monday, March 17th. They set a “buy” rating and a $13.00 price objective on the stock. Royal Bank of Canada reduced their price target on shares of Easterly Government Properties from $12.00 to $11.00 and set an “underperform” rating for the company in a report on Monday, March 10th. Finally, StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th.

Easterly Government Properties Company 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.