Easterly Government Properties Inc (NYSE:DEA) CAO Alison M. Bernard sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $17.77, for a total value of $177,700.00. Following the sale, the chief accounting officer now owns 10,501 shares in the company, valued at $186,602.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NYSE DEA traded down $0.08 during midday trading on Friday, hitting $18.06. The company’s stock had a trading volume of 264,254 shares, compared to its average volume of 522,056. The company has a debt-to-equity ratio of 0.64, a quick ratio of 6.97 and a current ratio of 0.98. Easterly Government Properties Inc has a 12-month low of $17.42 and a 12-month high of $22.32. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 3.42 and a beta of 0.52.
Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. Easterly Government Properties had a return on equity of 0.70% and a net margin of 4.30%. The firm had revenue of $39.40 million for the quarter, compared to the consensus estimate of $39.59 million. During the same period in the prior year, the business posted $0.32 earnings per share. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. Sell-side analysts predict that Easterly Government Properties Inc will post 1.17 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in shares of Easterly Government Properties by 109.0% in the third quarter. PNC Financial Services Group Inc. now owns 5,874 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 3,064 shares during the period. Monetary Management Group Inc. purchased a new stake in shares of Easterly Government Properties in the second quarter worth approximately $119,000. Glen Harbor Capital Management LLC raised its holdings in shares of Easterly Government Properties by 61.7% in the second quarter. Glen Harbor Capital Management LLC now owns 7,150 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 2,728 shares during the period. Riverhead Capital Management LLC raised its holdings in shares of Easterly Government Properties by 62.0% in the second quarter. Riverhead Capital Management LLC now owns 8,100 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 3,100 shares during the period. Finally, First Trust Advisors LP purchased a new stake in shares of Easterly Government Properties in the third quarter worth approximately $209,000.
Several equities research analysts have recently weighed in on the company. ValuEngine downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Zacks Investment Research upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Monday, September 24th.
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Easterly Government Properties Company 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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