Nisa Investment Advisors LLC cut its holdings in shares of Easterly Government Properties Inc (NYSE:DEA) by 45.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,967 shares of the real estate investment trust’s stock after selling 26,937 shares during the period. Nisa Investment Advisors LLC’s holdings in Easterly Government Properties were worth $759,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in DEA. V3 Capital Management L.P. acquired a new position in Easterly Government Properties in the 3rd quarter valued at about $42,334,000. BlackRock Inc. lifted its position in Easterly Government Properties by 8.1% during the 2nd quarter. BlackRock Inc. now owns 11,660,213 shares of the real estate investment trust’s stock worth $211,167,000 after acquiring an additional 874,410 shares during the period. State Street Corp grew its stake in shares of Easterly Government Properties by 8.4% in the 3rd quarter. State Street Corp now owns 4,007,248 shares of the real estate investment trust’s stock valued at $85,354,000 after purchasing an additional 308,954 shares during the last quarter. Morgan Stanley grew its stake in shares of Easterly Government Properties by 107.4% in the 2nd quarter. Morgan Stanley now owns 582,902 shares of the real estate investment trust’s stock valued at $10,556,000 after purchasing an additional 301,810 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Easterly Government Properties by 2.7% in the second quarter. Vanguard Group Inc. now owns 7,239,439 shares of the real estate investment trust’s stock valued at $131,107,000 after purchasing an additional 190,513 shares during the period. Institutional investors and hedge funds own 91.67% of the company’s stock.
In other news, CEO William C. Trimble sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $23.02, for a total value of $207,180.00. Following the completion of the sale, the chief executive officer now directly owns 94,014 shares of the company’s stock, valued at approximately $2,164,202.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 27,000 shares of company stock valued at $619,200 over the last three months. Insiders own 12.10% of the company’s stock.
Several equities research analysts have recently commented on the company. Raymond James cut Easterly Government Properties from an “outperform” rating to a “market perform” rating and set a $24.00 price target for the company. in a research note on Tuesday, January 7th. ValuEngine lowered shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. SunTrust Banks cut shares of Easterly Government Properties from a “buy” rating to a “hold” rating and set a $23.00 price objective on the stock. in a research note on Wednesday, January 15th. Finally, Zacks Investment Research downgraded shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a research report on Friday, January 3rd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Easterly Government Properties currently has an average rating of “Hold” and an average price target of $23.00.
NYSE DEA opened at $24.06 on Tuesday. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $1.79 billion, a P/E ratio of 267.36, a P/E/G ratio of 8.17 and a beta of 0.62. Easterly Government Properties Inc has a 52-week low of $17.20 and a 52-week high of $24.33. The firm has a 50-day moving average price of $23.35 and a 200 day moving average price of $21.66.
Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.28). Easterly Government Properties had a net margin of 3.04% and a return on equity of 0.57%. The business had revenue of $57.60 million during the quarter, compared to analysts’ expectations of $54.96 million. During the same period in the prior year, the firm posted $0.24 EPS. Easterly Government Properties’s revenue for the quarter was up 46.2% compared to the same quarter last year. On average, equities research analysts expect that Easterly Government Properties Inc will post 1.2 earnings per share for the current fiscal year.
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.
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