M&R Capital Management Inc. grew its holdings in Easterly Government Properties Inc (NYSE:DEA) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,995 shares of the real estate investment trust’s stock after buying an additional 600 shares during the period. M&R Capital Management Inc.’s holdings in Easterly Government Properties were worth $492,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in DEA. Glenmede Trust Co. NA lifted its position in shares of Easterly Government Properties by 246.0% in the second quarter. Glenmede Trust Co. NA now owns 1,519 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,080 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Easterly Government Properties in the 1st quarter valued at $43,000. Assetmark Inc. bought a new position in Easterly Government Properties during the 2nd quarter worth $84,000. Exane Derivatives bought a new stake in shares of Easterly Government Properties in the second quarter valued at about $117,000. Finally, Jane Street Group LLC bought a new stake in shares of Easterly Government Properties in the second quarter valued at about $210,000. 94.77% of the stock is owned by institutional investors.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Easterly Government Properties from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Wednesday. Jefferies Financial Group reissued a “buy” rating and issued a $28.00 target price on shares of Easterly Government Properties in a research report on Tuesday, August 11th. Citigroup reduced their target price on shares of Easterly Government Properties from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Monday, August 24th. Finally, ValuEngine raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Monday, August 3rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $25.50.
Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.26). Easterly Government Properties had a return on equity of 0.60% and a net margin of 3.10%. The firm had revenue of $60.53 million for the quarter, compared to the consensus estimate of $60.78 million. During the same period in the prior year, the company earned $0.29 EPS. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. Equities research analysts expect that Easterly Government Properties Inc will post 1.24 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Thursday, August 13th were issued a $0.26 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.56%. Easterly Government Properties’s dividend payout ratio (DPR) is currently 86.67%.
In other news, Chairman Darrell W. Crate sold 5,000 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $25.59, for a total value of $127,950.00. Following the completion of the transaction, the chairman now owns 16,029 shares of the company’s stock, valued at $410,182.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William C. Trimble sold 6,250 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $23.81, for a total transaction of $148,812.50. Following the completion of the transaction, the chief executive officer now directly owns 100,264 shares of the company’s stock, valued at approximately $2,387,285.84. The disclosure for this sale can be found here. Insiders sold 73,750 shares of company stock valued at $1,743,475 in the last three months. Company insiders own 9.90% of the company’s stock.
Easterly Government Properties Profile
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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