Easterly Government Properties, Inc. (DEA) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 6.9% during the first quarter, Holdings Channel reports. The institutional investor owned 17,080 shares of the real estate investment trust’s stock after buying an additional 1,100 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Easterly Government Properties were worth $338,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bank of Montreal Can purchased a new position in shares of Easterly Government Properties during the first quarter worth $156,000. Orinda Asset Management LLC purchased a new position in shares of Easterly Government Properties during the first quarter worth $198,000. Prudential Financial Inc. purchased a new position in shares of Easterly Government Properties during the first quarter worth $202,000. Teacher Retirement System of Texas purchased a new position in shares of Easterly Government Properties during the first quarter worth $212,000. Finally, Dubuque Bank & Trust Co. purchased a new position in shares of Easterly Government Properties during the first quarter worth $213,000. Institutional investors and hedge funds own 91.56% of the company’s stock.

Shares of Easterly Government Properties, Inc. (DEA) opened at 20.49 on Thursday. The stock has a market cap of $757.56 million, a PE ratio of 200.88 and a beta of 0.60. The company’s 50-day moving average price is $20.73 and its 200-day moving average price is $20.21. Easterly Government Properties, Inc. has a 52-week low of $17.94 and a 52-week high of $21.81.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.28. The business had revenue of $29.89 million for the quarter, compared to analyst estimates of $28.14 million. Easterly Government Properties had a net margin of 3.46% and a return on equity of 0.56%. The firm’s quarterly revenue was up 24.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. Analysts expect that Easterly Government Properties, Inc. will post $0.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 29th. Investors of record on Wednesday, June 14th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.88%. This is a positive change from Easterly Government Properties’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, June 12th. Easterly Government Properties’s payout ratio is presently 1,000.10%.

TRADEMARK VIOLATION NOTICE: This story was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. & international trademark and copyright laws. The original version of this story can be viewed at https://sportsperspectives.com/2017/07/20/easterly-government-properties-inc-dea-shares-bought-by-nomura-asset-management-co-ltd.html.

A number of analysts recently commented on the company. Zacks Investment Research upgraded Easterly Government Properties from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Thursday, April 20th. BidaskClub cut Easterly Government Properties from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $24.00 price objective on shares of Easterly Government Properties in a research report on Monday, May 22nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.13.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).

Want to see what other hedge funds are holding DEA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Easterly Government Properties, Inc. (NYSE:DEA).

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

Receive News & Ratings for Easterly Government Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Easterly Government Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply