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

Easterly Government Properties Inc (NYSE:DEA) Chairman Darrell W. Crate sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $24.06, for a total transaction of $120,300.00. Following the completion of the transaction, the chairman now owns 16,029 shares of the company’s stock, valued at approximately $385,657.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE:DEA opened at $23.66 on Wednesday. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 236.60 and a beta of 0.43. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.97 and a quick ratio of 0.97. The stock’s 50 day simple moving average is $24.28 and its two-hundred day simple moving average is $24.52. Easterly Government Properties Inc has a 1 year low of $19.00 and a 1 year high of $29.69.

Easterly Government Properties (NYSE:DEA) last issued its earnings results on Tuesday, August 4th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.26). Easterly Government Properties had a net margin of 3.10% and a return on equity of 0.60%. The firm had revenue of $60.53 million for the quarter, compared to the consensus estimate of $60.78 million. During the same period last year, the firm earned $0.29 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, analysts anticipate that Easterly Government Properties Inc will post 1.24 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Thursday, August 13th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.40%. Easterly Government Properties’s payout ratio is 86.67%.

A number of hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in shares of Easterly Government Properties by 1.9% during the second quarter. Principal Financial Group Inc. now owns 574,260 shares of the real estate investment trust’s stock valued at $13,277,000 after acquiring an additional 10,875 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in Easterly Government Properties by 46.5% in the second quarter. Nuveen Asset Management LLC now owns 855,011 shares of the real estate investment trust’s stock valued at $19,767,000 after purchasing an additional 271,333 shares during the period. Shikiar Asset Management Inc. boosted its holdings in Easterly Government Properties by 25.8% in the second quarter. Shikiar Asset Management Inc. now owns 182,890 shares of the real estate investment trust’s stock valued at $4,228,000 after purchasing an additional 37,515 shares during the period. AQR Capital Management LLC boosted its holdings in Easterly Government Properties by 31.4% in the second quarter. AQR Capital Management LLC now owns 22,990 shares of the real estate investment trust’s stock valued at $532,000 after purchasing an additional 5,500 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in Easterly Government Properties in the second quarter valued at $580,000. Institutional investors own 94.77% of the company’s stock.

Several equities analysts recently commented on the stock. SunTrust Banks upped their price target on shares of Easterly Government Properties from $22.00 to $24.00 and gave the company a “hold” rating in a research note on Wednesday, May 27th. Citigroup reduced their price target on shares of Easterly Government Properties from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, August 24th. Jefferies Financial Group reiterated a “buy” rating and issued a $28.00 price objective on shares of Easterly Government Properties in a report on Tuesday, August 11th. Zacks Investment Research lowered shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a report on Friday, September 11th. Finally, ValuEngine upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Monday, August 3rd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.71.

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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