AEW Capital Management L P Purchases 4,756 Shares of Easterly Government Properties, Inc. (DEA)

AEW Capital Management L P boosted its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 0.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,889,413 shares of the real estate investment trust’s stock after buying an additional 4,756 shares during the period. AEW Capital Management L P owned approximately 5.11% of Easterly Government Properties worth $40,604,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in Easterly Government Properties by 9.2% in the first quarter. Bank of New York Mellon Corp now owns 268,499 shares of the real estate investment trust’s stock valued at $5,313,000 after buying an additional 22,540 shares in the last quarter. American Century Companies Inc. purchased a new position in Easterly Government Properties during the first quarter valued at $277,000. IndexIQ Advisors LLC boosted its position in Easterly Government Properties by 17.3% in the first quarter. IndexIQ Advisors LLC now owns 39,668 shares of the real estate investment trust’s stock valued at $785,000 after buying an additional 5,859 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Easterly Government Properties by 47.3% in the first quarter. Great West Life Assurance Co. Can now owns 16,307 shares of the real estate investment trust’s stock valued at $323,000 after buying an additional 5,237 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Easterly Government Properties by 0.3% in the first quarter. Wells Fargo & Company MN now owns 232,680 shares of the real estate investment trust’s stock valued at $4,604,000 after buying an additional 643 shares in the last quarter. 90.12% of the stock is owned by institutional investors.

Shares of Easterly Government Properties, Inc. (DEA) opened at 19.70 on Friday. Easterly Government Properties, Inc. has a 12-month low of $17.94 and a 12-month high of $21.81. The company’s 50-day moving average price is $20.12 and its 200 day moving average price is $20.20. The company has a market cap of $754.25 million, a price-to-earnings ratio of 197.00 and a beta of 0.56.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by $0.29. The company had revenue of $30.60 million for the quarter, compared to analyst estimates of $30.61 million. Easterly Government Properties had a net margin of 3.40% and a return on equity of 0.58%. Easterly Government Properties’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. Equities analysts predict that Easterly Government Properties, Inc. will post $0.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 12th. This represents a $1.00 dividend on an annualized basis and a yield of 5.08%. Easterly Government Properties’s dividend payout ratio (DPR) is currently 1,000.10%.

ILLEGAL ACTIVITY WARNING: “[[title]]” was published by [[site]] and is owned by of [[site]]. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at [[permalink]].

Several research firms have recently weighed in on DEA. Zacks Investment Research cut Easterly Government Properties from a “buy” rating to a “sell” rating in a research report on Monday, June 19th. BidaskClub lowered Easterly Government Properties from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $24.00 target price on shares of Easterly Government Properties in a report on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.13.

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).