Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Easterly Government Properties Inc (NYSE:DEA) by 15.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 45,374 shares of the real estate investment trust’s stock after buying an additional 6,163 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.10% of Easterly Government Properties worth $926,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in DEA. BlackRock Inc. boosted its holdings in shares of Easterly Government Properties by 138.1% during the 4th quarter. BlackRock Inc. now owns 6,820,090 shares of the real estate investment trust’s stock worth $145,541,000 after buying an additional 3,955,615 shares during the period. Renaissance Technologies LLC boosted its holdings in Easterly Government Properties by 80.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,965,681 shares of the real estate investment trust’s stock valued at $41,948,000 after purchasing an additional 874,481 shares during the period. Bank of New York Mellon Corp boosted its holdings in Easterly Government Properties by 101.8% in the 4th quarter. Bank of New York Mellon Corp now owns 644,039 shares of the real estate investment trust’s stock valued at $13,744,000 after purchasing an additional 324,869 shares during the period. Deutsche Bank AG boosted its holdings in Easterly Government Properties by 64.4% in the 4th quarter. Deutsche Bank AG now owns 719,014 shares of the real estate investment trust’s stock valued at $15,342,000 after purchasing an additional 281,638 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in Easterly Government Properties by 896.6% in the 4th quarter. Two Sigma Investments LP now owns 219,514 shares of the real estate investment trust’s stock valued at $4,684,000 after purchasing an additional 197,487 shares during the period. 98.29% of the stock is owned by institutional investors and hedge funds.
DEA has been the subject of a number of recent research reports. SunTrust Banks reissued a “buy” rating and issued a $23.00 price objective on shares of Easterly Government Properties in a report on Monday, January 22nd. Zacks Investment Research raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th.
Easterly Government Properties opened at $19.86 on Friday, according to MarketBeat.com. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $907.52 million, a price-to-earnings ratio of 15.76 and a beta of 0.48. Easterly Government Properties Inc has a 12-month low of $19.03 and a 12-month high of $22.32.
Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Tuesday, May 8th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.02). The business had revenue of $35.97 million during the quarter, compared to the consensus estimate of $38.53 million. Easterly Government Properties had a net margin of 3.23% and a return on equity of 0.58%. The business’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. research analysts forecast that Easterly Government Properties Inc will post 1.29 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Monday, June 11th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date is Friday, June 8th. Easterly Government Properties’s dividend payout ratio is currently 82.54%.
In other Easterly Government Properties news, CAO Alison M. Bernard acquired 2,000 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was purchased at an average price of $19.75 per share, with a total value of $39,500.00. Following the acquisition, the chief accounting officer now directly owns 501 shares of the company’s stock, valued at approximately $9,894.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 14.90% of the company’s stock.
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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