Longfellow Investment Management Co. LLC boosted its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 543.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 703,758 shares of the real estate investment trust's stock after buying an additional 594,449 shares during the period. Easterly Government Properties accounts for about 1.8% of Longfellow Investment Management Co. LLC's investment portfolio, making the stock its 13th biggest holding. Longfellow Investment Management Co. LLC owned approximately 1.57% of Easterly Government Properties worth $7,460,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Easterly Government Properties by 0.6% during the first quarter. Vanguard Group Inc. now owns 11,221,717 shares of the real estate investment trust's stock worth $118,950,000 after purchasing an additional 62,164 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Easterly Government Properties by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 2,572,549 shares of the real estate investment trust's stock worth $29,230,000 after purchasing an additional 19,858 shares in the last quarter. Balyasny Asset Management L.P. increased its position in shares of Easterly Government Properties by 4.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,258,518 shares of the real estate investment trust's stock worth $25,657,000 after purchasing an additional 97,286 shares in the last quarter. Invesco Ltd. increased its position in shares of Easterly Government Properties by 2.9% during the first quarter. Invesco Ltd. now owns 2,116,599 shares of the real estate investment trust's stock worth $22,436,000 after purchasing an additional 60,351 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Easterly Government Properties by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,001,924 shares of the real estate investment trust's stock worth $21,220,000 after purchasing an additional 26,596 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company's stock.
Analysts Set New Price Targets
DEA has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Easterly Government Properties from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. BMO Capital Markets raised shares of Easterly Government Properties from a "strong sell" rating to a "hold" rating and set a $25.00 price target for the company in a report on Wednesday, July 16th. Finally, Royal Bank Of Canada cut their target price on Easterly Government Properties from $27.50 to $22.00 and set an "underperform" rating on the stock in a research report on Monday, June 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $27.15.
Check Out Our Latest Stock Analysis on DEA
Easterly Government Properties Stock Performance
Shares of NYSE DEA traded down $0.06 during mid-day trading on Wednesday, hitting $22.36. The stock had a trading volume of 757,092 shares, compared to its average volume of 440,905. The company has a debt-to-equity ratio of 1.24, a quick ratio of 3.75 and a current ratio of 3.75. The company has a 50 day moving average of $22.63 and a two-hundred day moving average of $23.70. Easterly Government Properties, Inc. has a twelve month low of $19.33 and a twelve month high of $36.31. The firm has a market cap of $1.01 billion, a PE ratio of 54.54 and a beta of 0.94.
Easterly Government Properties (NYSE:DEA - Get Free Report) last released its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. The firm had revenue of $80.37 million for the quarter, compared to the consensus estimate of $81.73 million. Easterly Government Properties had a return on equity of 1.26% and a net margin of 5.54%. The firm's revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. Research analysts predict that Easterly Government Properties, Inc. will post 1.17 EPS for the current fiscal year.
Easterly Government Properties Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Wednesday, August 13th. Easterly Government Properties's dividend payout ratio (DPR) is currently 175.61%.
Easterly Government Properties Company Profile
(
Free Report)
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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