Alison M. Bernard Sells 10,000 Shares of Easterly Government Properties Inc (DEA) Stock

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.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Thursday, December 13th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, December 12th. This represents a $1.04 annualized dividend and a dividend yield of 5.76%. Easterly Government Properties’s payout ratio is 82.54%.

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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