Easterly Government Properties Inc (NYSE:DEA) Chairman Darrell W. Crate Sells 5,000 Shares

Easterly Government Properties Inc (NYSE:DEA) Chairman Darrell W. Crate sold 5,000 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $23.08, for a total value of $115,400.00. Following the transaction, the chairman now directly owns 16,029 shares in the company, valued at $369,949.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NYSE DEA opened at $23.00 on Wednesday. Easterly Government Properties Inc has a fifty-two week low of $17.90 and a fifty-two week high of $29.69. The stock’s 50-day moving average is $24.30 and its two-hundred day moving average is $24.55. The firm has a market cap of $1.73 billion, a P/E ratio of 19.33 and a beta of 0.43. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.16 and a quick ratio of 1.16.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.28). Easterly Government Properties had a net margin of 4.06% and a return on equity of 0.79%. The company had revenue of $58.22 million for the quarter, compared to analyst estimates of $59.84 million. During the same period in the prior year, the company posted $0.29 EPS. The business’s revenue was up 15.0% on a year-over-year basis. On average, equities analysts expect that Easterly Government Properties Inc will post 1.23 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, May 14th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date was Wednesday, May 13th. Easterly Government Properties’s dividend payout ratio is 86.67%.

Several hedge funds and other institutional investors have recently bought and sold shares of DEA. Sunbelt Securities Inc. acquired a new position in shares of Easterly Government Properties during the 4th quarter worth about $4,124,000. KBC Group NV acquired a new stake in Easterly Government Properties in the 1st quarter valued at approximately $28,000. Synovus Financial Corp increased its position in Easterly Government Properties by 1,722.8% in the 1st quarter. Synovus Financial Corp now owns 1,677 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 1,585 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Easterly Government Properties during the first quarter worth approximately $43,000. Finally, Chevy Chase Trust Holdings Inc. bought a new stake in shares of Easterly Government Properties in the fourth quarter valued at approximately $71,000. 95.45% of the stock is owned by institutional investors and hedge funds.

Several research firms have weighed in on DEA. SunTrust Banks lifted their target price on Easterly Government Properties from $22.00 to $24.00 and gave the company a “hold” rating in a research note on Wednesday, May 27th. Zacks Investment Research downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Friday, June 26th. Royal Bank of Canada reiterated a “buy” rating and issued a $26.00 target price on shares of Easterly Government Properties in a research report on Monday, March 9th. Jefferies Financial Group lifted their target price on shares of Easterly Government Properties from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Finally, Citigroup upped their price target on shares of Easterly Government Properties from $23.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $26.71.

About Easterly Government Properties

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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