Easterly Government Properties Inc (NYSE:DEA) CAO Alison M. Bernard bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were acquired at an average cost of $19.75 per share, with a total value of $39,500.00. Following the purchase, the chief accounting officer now directly owns 501 shares of the company’s stock, valued at $9,894.75. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
Easterly Government Properties Inc (NYSE DEA) traded up $0.28 during midday trading on Friday, reaching $20.12. The company had a trading volume of 803,857 shares, compared to its average volume of 461,672. Easterly Government Properties Inc has a fifty-two week low of $19.03 and a fifty-two week high of $22.32. The firm has a market capitalization of $893.97, a PE ratio of 200.32 and a beta of 0.58. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.73.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Tuesday, March 13th will be paid a dividend of $0.26 per share. The ex-dividend date is Monday, March 12th. This represents a $1.04 annualized dividend and a yield of 5.17%. Easterly Government Properties’s dividend payout ratio is currently 1,040.10%.
DEA has been the subject of several recent analyst reports. Zacks Investment Research raised Easterly Government Properties from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Monday, December 25th. SunTrust Banks reaffirmed a “buy” rating and set a $23.00 target price on shares of Easterly Government Properties in a research note on Monday, January 22nd.
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in Easterly Government Properties by 138.1% in the fourth quarter. BlackRock Inc. now owns 6,820,090 shares of the real estate investment trust’s stock worth $145,541,000 after acquiring an additional 3,955,615 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Easterly Government Properties by 80.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,965,681 shares of the real estate investment trust’s stock worth $41,948,000 after acquiring an additional 874,481 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in Easterly Government Properties by 3.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,242,918 shares of the real estate investment trust’s stock worth $26,524,000 after acquiring an additional 37,510 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in Easterly Government Properties by 30.2% in the third quarter. Neuberger Berman Group LLC now owns 1,125,198 shares of the real estate investment trust’s stock worth $23,258,000 after acquiring an additional 261,188 shares in the last quarter. Finally, State Street Corp boosted its holdings in Easterly Government Properties by 11.6% in the second quarter. State Street Corp now owns 955,605 shares of the real estate investment trust’s stock worth $20,019,000 after acquiring an additional 99,546 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.
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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).
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