Easterly Government Properties, Inc. (NYSE:DEA - Get Free Report) CEO Darrell W. Crate bought 10,000 shares of Easterly Government Properties stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average cost of $10.91 per share, with a total value of $109,100.00. Following the completion of the purchase, the chief executive officer now owns 171,479 shares in the company, valued at approximately $1,870,835.89. This trade represents a 6.19 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
Shares of DEA stock traded down $0.13 during trading on Monday, reaching $11.04. 2,123,702 shares of the company's stock were exchanged, compared to its average volume of 981,044. The firm's fifty day moving average price is $12.77 and its 200-day moving average price is $13.01. Easterly Government Properties, Inc. has a twelve month low of $10.76 and a twelve month high of $14.52. The stock has a market capitalization of $1.17 billion, a PE ratio of 61.33 and a beta of 0.69. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07.
Easterly Government Properties (NYSE:DEA - Get Free Report) last posted its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.24). The firm had revenue of $74.78 million during the quarter, compared to analyst estimates of $74.98 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. Easterly Government Properties's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 EPS. As a group, sell-side analysts anticipate that Easterly Government Properties, Inc. will post 1.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were paid a $0.265 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.06 annualized dividend and a dividend yield of 9.60%. Easterly Government Properties's dividend payout ratio (DPR) is presently 588.89%.
Several research analysts recently commented on DEA shares. Jefferies Financial Group upgraded shares of Easterly Government Properties from a "hold" rating to a "buy" rating and increased their target price for the stock from $13.00 to $15.00 in a report on Monday, October 14th. StockNews.com raised Easterly Government Properties from a "sell" rating to a "hold" rating in a research report on Thursday, October 10th. Finally, Truist Financial lowered their target price on shares of Easterly Government Properties from $14.00 to $13.00 and set a "hold" rating on the stock in a report on Friday, December 6th.
Get Our Latest Stock Report on DEA
Hedge funds have recently bought and sold shares of the business. Daiwa Securities Group Inc. raised its holdings in Easterly Government Properties by 2.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 31,873 shares of the real estate investment trust's stock valued at $394,000 after acquiring an additional 842 shares in the last quarter. Arizona State Retirement System lifted its position in Easterly Government Properties by 3.3% during the second quarter. Arizona State Retirement System now owns 27,221 shares of the real estate investment trust's stock worth $337,000 after purchasing an additional 859 shares during the period. Amalgamated Bank grew its stake in Easterly Government Properties by 2.8% during the second quarter. Amalgamated Bank now owns 31,221 shares of the real estate investment trust's stock worth $386,000 after buying an additional 860 shares in the last quarter. GAMMA Investing LLC increased its holdings in Easterly Government Properties by 29.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 875 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Easterly Government Properties by 35.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 997 shares during the period. 86.51% of the stock is owned by institutional investors.
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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