American Century Companies Inc. purchased a new position in shares of Easterly Government Properties Inc (NYSE:DEA) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 29,490 shares of the real estate investment trust’s stock, valued at approximately $602,000. American Century Companies Inc. owned about 0.07% of Easterly Government Properties as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Easterly Government Properties during the 4th quarter worth $108,000. LS Investment Advisors LLC acquired a new position in shares of Easterly Government Properties during the 4th quarter worth $142,000. QS Investors LLC acquired a new position in shares of Easterly Government Properties during the 4th quarter worth $149,000. State of Alaska Department of Revenue acquired a new position in shares of Easterly Government Properties during the 4th quarter worth $186,000. Finally, Ellington Management Group LLC acquired a new position in shares of Easterly Government Properties during the 4th quarter worth $211,000. 99.00% of the stock is owned by institutional investors and hedge funds.
In other news, Chairman Darrell W. Crate sold 160,000 shares of the company’s stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $19.97, for a total transaction of $3,195,200.00. Following the completion of the transaction, the chairman now owns 205,000 shares of the company’s stock, valued at approximately $4,093,850. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 14.90% of the company’s stock.
Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Tuesday, May 8th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.02). Easterly Government Properties had a net margin of 3.23% and a return on equity of 0.58%. The company had revenue of $35.97 million for the quarter, compared to analyst estimates of $38.53 million. During the same period in the prior year, the company earned $0.31 EPS. The company’s revenue was up 20.3% compared to the same quarter last year. research analysts predict that Easterly Government Properties Inc will post 1.29 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Monday, June 11th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date is Friday, June 8th. Easterly Government Properties’s dividend payout ratio is currently 82.54%.
Several research analysts have recently issued reports on DEA shares. Zacks Investment Research raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. ValuEngine downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.33.
About Easterly Government Properties
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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