Princeton Capital Management Inc. Has $392,000 Position in Easterly Government Properties Inc. (DEA)
Princeton Capital Management Inc. raised its position in shares of Easterly Government Properties Inc. (NYSE:DEA) by 24.0% during the second quarter, Holdings Channel reports. The institutional investor owned 19,847 shares of the real estate investment trust’s stock after buying an additional 3,846 shares during the period. Princeton Capital Management Inc. owned about 0.08% of Easterly Government Properties worth $392,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Punch & Associates Investment Management Inc. acquired a new stake in Easterly Government Properties during the second quarter worth $2,360,000. Columbia Partners L L C Investment Management boosted its stake in Easterly Government Properties by 28.3% in the first quarter. Columbia Partners L L C Investment Management now owns 372,926 shares of the real estate investment trust’s stock worth $6,906,000 after buying an additional 82,183 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Easterly Government Properties by 18.4% in the first quarter. Nuveen Asset Management LLC now owns 428,838 shares of the real estate investment trust’s stock worth $7,942,000 after buying an additional 66,512 shares in the last quarter. Boothbay Fund Management LLC boosted its stake in Easterly Government Properties by 88.2% in the first quarter. Boothbay Fund Management LLC now owns 81,211 shares of the real estate investment trust’s stock worth $1,504,000 after buying an additional 38,051 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Easterly Government Properties by 84.8% in the first quarter. Renaissance Technologies LLC now owns 75,600 shares of the real estate investment trust’s stock worth $1,400,000 after buying an additional 34,700 shares in the last quarter. Institutional investors own 57.84% of the company’s stock.
Easterly Government Properties Inc. (NYSE:DEA) traded down 0.61% during mid-day trading on Tuesday, hitting $19.41. The stock had a trading volume of 239,178 shares. Easterly Government Properties Inc. has a one year low of $15.71 and a one year high of $20.82. The company has a 50 day moving average price of $19.53 and a 200 day moving average price of $18.99. The stock has a market cap of $680.55 million, a P/E ratio of 262.30 and a beta of 0.59.
Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Monday, August 8th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. Easterly Government Properties had a net margin of 2.17% and a return on equity of 0.31%. The company earned $24.90 million during the quarter, compared to analysts’ expectations of $23.53 million. During the same period in the previous year, the company earned $0.26 EPS. The business’s quarterly revenue was up 29.4% compared to the same quarter last year. On average, equities analysts anticipate that Easterly Government Properties Inc. will post $1.19 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Friday, August 26th were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, August 24th. This represents a $0.92 annualized dividend and a dividend yield of 4.74%. Easterly Government Properties’s dividend payout ratio is presently 1,314.47%.
A number of analysts have weighed in on DEA shares. Zacks Investment Research cut Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Friday, September 2nd. Citigroup Inc. raised their price target on Easterly Government Properties from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, July 7th.
In other Easterly Government Properties news, Director Cynthia A. Fisher purchased 18,448 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was purchased at an average cost of $19.68 per share, with a total value of $363,056.64. Following the transaction, the director now owns 53,999 shares in the company, valued at $1,062,700.32. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Mead purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were acquired at an average cost of $19.72 per share, with a total value of $39,440.00. The disclosure for this purchase can be found here. Insiders own 18.10% of the company’s stock.
Easterly Government Properties Company Profile
Easterly Government Properties, Inc is a real estate investment trust (REIT). The Company is focused primarily on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies, such as the Drug Enforcement Administration, Federal Bureau of Investigation, Internal Revenue Service, Patent and Trademark Office, Customs and Border Protection, U.S.
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