Easterly Government Properties Inc (DEA) Shares Sold by Teachers Insurance & Annuity Association of America

Teachers Insurance & Annuity Association of America cut its position in Easterly Government Properties Inc (NYSE:DEA) by 34.9% during the first quarter, Holdings Channel reports. The fund owned 55,989 shares of the real estate investment trust’s stock after selling 30,065 shares during the period. Teachers Insurance & Annuity Association of America’s holdings in Easterly Government Properties were worth $1,008,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Easterly Government Properties by 7.3% in the fourth quarter. Bank of New York Mellon Corp now owns 925,750 shares of the real estate investment trust’s stock worth $14,515,000 after acquiring an additional 62,929 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Easterly Government Properties by 18.1% in the third quarter. Teachers Advisors LLC now owns 155,330 shares of the real estate investment trust’s stock worth $3,009,000 after acquiring an additional 23,773 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Easterly Government Properties by 7.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,278 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 1,001 shares during the last quarter. Tributary Capital Management LLC boosted its stake in shares of Easterly Government Properties by 13.4% in the first quarter. Tributary Capital Management LLC now owns 1,341,045 shares of the real estate investment trust’s stock worth $24,152,000 after acquiring an additional 158,159 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its stake in shares of Easterly Government Properties by 2.0% in the fourth quarter. GW&K Investment Management LLC now owns 1,212,011 shares of the real estate investment trust’s stock worth $19,004,000 after acquiring an additional 23,208 shares during the last quarter.

In other Easterly Government Properties news, Chairman Darrell W. Crate sold 8,125 shares of Easterly Government Properties stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $18.10, for a total value of $147,062.50. Following the sale, the chairman now owns 64,154 shares in the company, valued at $1,161,187.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William C. Trimble sold 9,000 shares of Easterly Government Properties stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $18.12, for a total value of $163,080.00. Following the completion of the sale, the chief executive officer now owns 108,727 shares in the company, valued at approximately $1,970,133.24. The disclosure for this sale can be found here. Insiders sold 54,250 shares of company stock worth $971,749 in the last 90 days. Company insiders own 12.10% of the company’s stock.



NYSE DEA traded up $0.16 on Tuesday, reaching $18.36. 3,983 shares of the company were exchanged, compared to its average volume of 411,014. The firm has a market capitalization of $1.24 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 5.18 and a beta of 0.77. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.18 and a current ratio of 1.32. Easterly Government Properties Inc has a fifty-two week low of $15.16 and a fifty-two week high of $20.96.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.32). The company had revenue of $50.60 million for the quarter, compared to analyst estimates of $49.73 million. Easterly Government Properties had a return on equity of 0.35% and a net margin of 2.15%. The business’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period last year, the firm posted $0.31 EPS. As a group, sell-side analysts forecast that Easterly Government Properties Inc will post 1.19 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Monday, June 10th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.04 dividend on an annualized basis and a yield of 5.66%. Easterly Government Properties’s dividend payout ratio is currently 88.89%.

A number of research firms have weighed in on DEA. Zacks Investment Research lowered Easterly Government Properties from a “buy” rating to a “sell” rating in a research note on Monday. Citigroup lowered their price objective on Easterly Government Properties from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, March 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $21.00.

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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.

See Also: Retained Earnings

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Institutional Ownership by Quarter for Easterly Government Properties (NYSE:DEA)

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