Royal Bank of Canada lifted its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,064 shares of the real estate investment trust’s stock after buying an additional 630 shares during the period. Royal Bank of Canada owned approximately 0.11% of Easterly Government Properties worth $882,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of DEA. Advisor Group Inc. raised its stake in Easterly Government Properties by 30.8% during the second quarter. Advisor Group Inc. now owns 5,625 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 1,326 shares during the period. Legal & General Group Plc raised its stake in Easterly Government Properties by 7.8% during the second quarter. Legal & General Group Plc now owns 8,528 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 619 shares during the period. Prudential Financial Inc. purchased a new position in Easterly Government Properties during the first quarter worth about $202,000. Dubuque Bank & Trust Co. raised its stake in Easterly Government Properties by 8.7% during the second quarter. Dubuque Bank & Trust Co. now owns 11,697 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 940 shares during the period. Finally, Suntrust Banks Inc. raised its stake in Easterly Government Properties by 9.6% during the second quarter. Suntrust Banks Inc. now owns 15,317 shares of the real estate investment trust’s stock worth $320,000 after purchasing an additional 1,347 shares during the period. 96.24% of the stock is currently owned by hedge funds and other institutional investors.
Easterly Government Properties, Inc. (NYSE:DEA) opened at $20.41 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.71 and a current ratio of 1.71. Easterly Government Properties, Inc. has a 52 week low of $17.94 and a 52 week high of $21.81. The company has a market cap of $794.54, a PE ratio of 16.59 and a beta of 0.55.
Easterly Government Properties (NYSE:DEA) last issued its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.29). Easterly Government Properties had a return on equity of 0.58% and a net margin of 3.40%. The firm had revenue of $30.60 million for the quarter, compared to analysts’ expectations of $30.61 million. During the same period last year, the firm earned $0.30 earnings per share. Easterly Government Properties’s revenue for the quarter was up 22.9% on a year-over-year basis. equities analysts predict that Easterly Government Properties, Inc. will post 1.26 EPS for the current fiscal year.
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A number of brokerages have commented on DEA. Jefferies Group LLC reaffirmed a “buy” rating and set a $24.00 target price on shares of Easterly Government Properties in a research note on Tuesday, October 10th. Zacks Investment Research raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, BidaskClub downgraded shares of Easterly Government Properties from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th.
Easterly Government Properties 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).
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