Swiss National Bank Raises Holdings in Easterly Government Properties Inc (DEA)

Swiss National Bank raised its position in Easterly Government Properties Inc (NYSE:DEA) by 32.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,010 shares of the real estate investment trust’s stock after buying an additional 24,600 shares during the quarter. Swiss National Bank owned 0.22% of Easterly Government Properties worth $1,996,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. grew its holdings in Easterly Government Properties by 10.6% in the 1st quarter. BlackRock Inc. now owns 7,540,399 shares of the real estate investment trust’s stock valued at $153,822,000 after buying an additional 720,309 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Easterly Government Properties by 1.6% during the 1st quarter. JPMorgan Chase & Co. now owns 4,480,179 shares of the real estate investment trust’s stock worth $91,396,000 after purchasing an additional 70,064 shares in the last quarter. AEW Capital Management L P grew its holdings in shares of Easterly Government Properties by 19.9% during the 2nd quarter. AEW Capital Management L P now owns 2,025,428 shares of the real estate investment trust’s stock worth $40,022,000 after purchasing an additional 335,581 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Easterly Government Properties by 12.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,397,368 shares of the real estate investment trust’s stock worth $28,506,000 after purchasing an additional 154,450 shares in the last quarter. Finally, Tributary Capital Management LLC grew its holdings in shares of Easterly Government Properties by 11.6% during the 2nd quarter. Tributary Capital Management LLC now owns 1,201,318 shares of the real estate investment trust’s stock worth $23,738,000 after purchasing an additional 125,273 shares in the last quarter.

DEA opened at $19.77 on Friday. The firm has a market cap of $1.20 billion, a PE ratio of 16.05, a P/E/G ratio of 3.77 and a beta of 0.44. Easterly Government Properties Inc has a 52-week low of $18.73 and a 52-week high of $22.32. The company has a current ratio of 6.97, a quick ratio of 6.97 and a debt-to-equity ratio of 0.46.

Easterly Government Properties (NYSE:DEA) last released its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.28). The company had revenue of $36.97 million for the quarter, compared to analyst estimates of $37.04 million. Easterly Government Properties had a return on equity of 0.59% and a net margin of 3.51%. equities analysts forecast that Easterly Government Properties Inc will post 1.17 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Thursday, September 13th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 5.26%. The ex-dividend date is Wednesday, September 12th. Easterly Government Properties’s dividend payout ratio (DPR) is currently 82.54%.

In other news, CEO William C. Trimble sold 9,000 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $19.96, for a total transaction of $179,640.00. Following the sale, the chief executive officer now directly owns 90,713 shares of the company’s stock, valued at approximately $1,810,631.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Darrell W. Crate sold 8,125 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $20.00, for a total value of $162,500.00. Following the sale, the chairman now owns 53,125 shares of the company’s stock, valued at $1,062,500. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,375 shares of company stock worth $844,890. 14.90% of the stock is currently owned by insiders.

Separately, ValuEngine raised Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Friday, July 6th.

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.

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

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