Montag A & Associates Inc. bought a new stake in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,180 shares of the real estate investment trust's stock, valued at approximately $129,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sterling Capital Management LLC increased its position in shares of Easterly Government Properties by 814.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,110 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 2,770 shares during the last quarter. Quarry LP increased its stake in shares of Easterly Government Properties by 604.0% in the fourth quarter. Quarry LP now owns 5,878 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 5,043 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Easterly Government Properties during the fourth quarter worth approximately $70,000. Parvin Asset Management LLC acquired a new stake in Easterly Government Properties in the 4th quarter valued at approximately $87,000. Finally, Quantbot Technologies LP acquired a new position in Easterly Government Properties during the 4th quarter worth $97,000. 86.51% of the stock is owned by institutional investors and hedge funds.
Easterly Government Properties Stock Performance
NYSE:DEA traded down $0.09 during mid-day trading on Friday, hitting $22.71. 59,076 shares of the company's stock traded hands, compared to its average volume of 596,938. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 1.14. The firm has a 50 day moving average of $22.41 and a two-hundred day moving average of $24.35. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 54.06 and a beta of 0.94. Easterly Government Properties, Inc. has a 12 month low of $19.33 and a 12 month high of $36.31.
Easterly Government Properties (NYSE:DEA - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.73. The business had revenue of $78.68 million for the quarter, compared to the consensus estimate of $80.67 million. Easterly Government Properties had a net margin of 5.86% and a return on equity of 1.30%. Easterly Government Properties's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted $0.29 earnings per share. On average, equities analysts forecast that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current fiscal year.
Easterly Government Properties Cuts Dividend
The business also recently disclosed a dividend, which was paid on Saturday, May 17th. Stockholders of record on Tuesday, May 6th were given a dividend of $0.45 per share. This represents a dividend yield of 8.92%. The ex-dividend date of this dividend was Monday, May 5th. Easterly Government Properties's dividend payout ratio is currently 171.43%.
Analysts Set New Price Targets
DEA has been the topic of a number of research analyst reports. Wall Street Zen lowered Easterly Government Properties from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Compass Point reiterated a "neutral" rating and issued a $23.75 target price (down previously from $37.50) on shares of Easterly Government Properties in a report on Thursday, April 10th. BMO Capital Markets upgraded Easterly Government Properties from a "strong sell" rating to a "hold" rating and set a $25.00 price objective for the company in a report on Wednesday, July 16th. Finally, Royal Bank Of Canada reduced their target price on shares of Easterly Government Properties from $27.50 to $22.00 and set an "underperform" rating for the company in a research note on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Easterly Government Properties has a consensus rating of "Hold" and an average price target of $27.15.
Read Our Latest Stock Analysis on Easterly Government Properties
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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