Texas Permanent School Fund Grows Stock Holdings in Easterly Government Properties Inc (NYSE:DEA)

Texas Permanent School Fund increased its stake in shares of Easterly Government Properties Inc (NYSE:DEA) by 5.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,476 shares of the real estate investment trust’s stock after buying an additional 2,311 shares during the quarter. Texas Permanent School Fund owned about 0.07% of Easterly Government Properties worth $1,033,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. California Public Employees Retirement System grew its holdings in shares of Easterly Government Properties by 285.3% during the third quarter. California Public Employees Retirement System now owns 136,170 shares of the real estate investment trust’s stock worth $2,900,000 after buying an additional 100,827 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Easterly Government Properties by 29.1% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 101,605 shares of the real estate investment trust’s stock worth $2,164,000 after buying an additional 22,920 shares during the last quarter. Usca Ria LLC purchased a new position in shares of Easterly Government Properties during the third quarter worth about $43,000. State of Tennessee Treasury Department grew its holdings in shares of Easterly Government Properties by 12.8% during the third quarter. State of Tennessee Treasury Department now owns 51,500 shares of the real estate investment trust’s stock worth $1,097,000 after buying an additional 5,830 shares during the last quarter. Finally, Sargent Investment Group LLC grew its holdings in shares of Easterly Government Properties by 118.9% during the third quarter. Sargent Investment Group LLC now owns 177,195 shares of the real estate investment trust’s stock worth $3,774,000 after buying an additional 96,233 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO William C. Trimble sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $21.30, for a total value of $191,700.00. Following the completion of the sale, the chief executive officer now owns 108,727 shares in the company, valued at $2,315,885.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders sold 27,000 shares of company stock valued at $578,250. 12.10% of the stock is owned by insiders.

NYSE:DEA traded up $0.06 during mid-day trading on Wednesday, reaching $22.74. The stock had a trading volume of 515,300 shares, compared to its average volume of 576,799. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.30 and a current ratio of 2.30. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 7.97 and a beta of 0.61. Easterly Government Properties Inc has a twelve month low of $15.16 and a twelve month high of $23.00. The business has a 50 day simple moving average of $21.86 and a 200 day simple moving average of $19.80.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.28). The firm had revenue of $57.60 million during the quarter, compared to analyst estimates of $54.96 million. Easterly Government Properties had a net margin of 3.04% and a return on equity of 0.57%. Easterly Government Properties’s revenue for the quarter was up 46.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 EPS. As a group, sell-side analysts expect that Easterly Government Properties Inc will post 1.19 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Wednesday, November 13th will be given a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.04 dividend on an annualized basis and a yield of 4.57%. This is an increase from Easterly Government Properties’s previous quarterly dividend of $0.21. Easterly Government Properties’s dividend payout ratio (DPR) is presently 88.89%.

A number of equities analysts recently issued reports on DEA shares. SunTrust Banks raised their price target on Easterly Government Properties from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Zacks Investment Research raised Easterly Government Properties from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Tuesday, October 15th. Compass Point started coverage on Easterly Government Properties in a report on Monday, September 23rd. They set a “buy” rating and a $25.00 price target on the stock. ValuEngine lowered Easterly Government Properties from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Raymond James raised their price objective on shares of Easterly Government Properties from $19.50 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $22.33.

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.

Further Reading: Oversold

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

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