Easterly Government Properties Inc (NYSE:DEA) CEO William C. Trimble sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $23.02, for a total transaction of $207,180.00. Following the sale, the chief executive officer now directly owns 94,014 shares in the company, valued at approximately $2,164,202.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of NYSE DEA traded up $0.06 during midday trading on Wednesday, reaching $23.12. 681,793 shares of the stock were exchanged, compared to its average volume of 579,015. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 8.10 and a beta of 0.62. Easterly Government Properties Inc has a twelve month low of $15.16 and a twelve month high of $23.36. The firm has a 50-day simple moving average of $22.51 and a two-hundred day simple moving average of $20.32. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.76.
Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). The firm had revenue of $57.60 million for the quarter, compared to analyst estimates of $54.96 million. Easterly Government Properties had a return on equity of 0.57% and a net margin of 3.04%. Easterly Government Properties’s revenue for the quarter was up 46.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 EPS. Research analysts expect that Easterly Government Properties Inc will post 1.2 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in DEA. V3 Capital Management L.P. acquired a new stake in Easterly Government Properties in the 3rd quarter valued at $42,334,000. BlackRock Inc. grew its stake in Easterly Government Properties by 8.1% in the 2nd quarter. BlackRock Inc. now owns 11,660,213 shares of the real estate investment trust’s stock valued at $211,167,000 after acquiring an additional 874,410 shares during the period. Carlson Capital L P grew its stake in Easterly Government Properties by 58.2% in the 2nd quarter. Carlson Capital L P now owns 980,402 shares of the real estate investment trust’s stock valued at $17,755,000 after acquiring an additional 360,602 shares during the period. State Street Corp grew its stake in Easterly Government Properties by 8.4% in the 3rd quarter. State Street Corp now owns 4,007,248 shares of the real estate investment trust’s stock valued at $85,354,000 after acquiring an additional 308,954 shares during the period. Finally, Morgan Stanley grew its stake in Easterly Government Properties by 107.4% in the 2nd quarter. Morgan Stanley now owns 582,902 shares of the real estate investment trust’s stock valued at $10,556,000 after acquiring an additional 301,810 shares during the period. 93.91% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on DEA. Raymond James raised their price objective on shares of Easterly Government Properties from $19.50 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. ValuEngine cut shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. SunTrust Banks raised their price objective on shares of Easterly Government Properties from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Zacks Investment Research raised shares of Easterly Government Properties from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, October 15th. Finally, Compass Point began coverage on shares of Easterly Government Properties in a research note on Monday, September 23rd. They set a “buy” rating and a $25.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $22.20.
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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