Security National Trust Co. maintained its stake in Easterly Government Properties, Inc. (NYSE:DEA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,000 shares of the real estate investment trust’s stock at the end of the second quarter. Security National Trust Co.’s holdings in Easterly Government Properties were worth $168,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Bank of Montreal Can acquired a new stake in Easterly Government Properties during the first quarter valued at approximately $156,000. Legal & General Group Plc boosted its stake in Easterly Government Properties by 7.8% in the second quarter. Legal & General Group Plc now owns 8,528 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 619 shares during the period. Prudential Financial Inc. acquired a new stake in Easterly Government Properties during the first quarter valued at approximately $202,000. Teacher Retirement System of Texas acquired a new stake in Easterly Government Properties during the first quarter valued at approximately $212,000. Finally, Dubuque Bank & Trust Co. acquired a new stake in Easterly Government Properties during the first quarter valued at approximately $213,000. 90.12% of the stock is currently owned by institutional investors.
Easterly Government Properties, Inc. (NYSE: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 stock has a market capitalization of $754.25 million, a PE ratio of 197.00 and a beta of 0.56. The firm has a 50-day moving average price of $20.12 and a 200 day moving average price of $20.20.
Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.29. The firm had revenue of $30.60 million for the quarter, compared to analysts’ expectations of $30.61 million. Easterly Government Properties had a net margin of 3.40% and a return on equity of 0.58%. The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 EPS. Equities analysts anticipate that Easterly Government Properties, Inc. will post $0.11 earnings per share for the current year.
The company 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 of this dividend is Tuesday, September 12th. This represents a $1.00 annualized dividend and a yield of 5.08%. Easterly Government Properties’s payout ratio is presently 1,000.10%.
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Several research firms recently commented on DEA. BidaskClub cut Easterly Government Properties from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Jefferies Group LLC reaffirmed a “buy” rating and set a $24.00 price objective on shares of Easterly Government Properties in a research report on Monday, May 22nd. Finally, Zacks Investment Research raised Easterly Government Properties from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Monday, May 8th. 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’s stock. Easterly Government Properties has a consensus rating of “Hold” and an average price target of $22.13.
Easterly Government Properties Company Profile
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).
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