Teachers Insurance & Annuity Association of America boosted its position in Easterly Government Properties Inc (NYSE:DEA) by 6.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,363 shares of the real estate investment trust’s stock after purchasing an additional 3,677 shares during the period. Teachers Insurance & Annuity Association of America’s holdings in Easterly Government Properties were worth $1,193,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Peregrine Capital Management LLC purchased a new position in Easterly Government Properties in the second quarter valued at approximately $6,748,000. Schwab Charles Investment Management Inc. lifted its stake in Easterly Government Properties by 14.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 515,734 shares of the real estate investment trust’s stock valued at $10,521,000 after purchasing an additional 66,515 shares during the last quarter. US Bancorp DE lifted its stake in Easterly Government Properties by 41.0% in the first quarter. US Bancorp DE now owns 10,003 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 2,910 shares during the last quarter. Princeton Capital Management LLC lifted its stake in Easterly Government Properties by 6.2% in the first quarter. Princeton Capital Management LLC now owns 63,521 shares of the real estate investment trust’s stock valued at $1,296,000 after purchasing an additional 3,723 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Easterly Government Properties by 8.8% in the first quarter. Rhumbline Advisers now owns 109,633 shares of the real estate investment trust’s stock valued at $2,237,000 after purchasing an additional 8,872 shares during the last quarter. Institutional investors and hedge funds own 99.10% of the company’s stock.

DEA has been the topic of several research analyst reports. Zacks Investment Research downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Monday, May 14th. ValuEngine downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th.

In other Easterly Government Properties news, Chairman Darrell W. Crate sold 160,000 shares of the stock in a transaction on Thursday, May 24th. The stock was sold at an average price of $19.97, for a total transaction of $3,195,200.00. Following the sale, the chairman now owns 205,000 shares in the company, valued at $4,093,850. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Darrell W. Crate sold 8,125 shares of the 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 in the company, valued at approximately $1,062,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,250 shares of company stock worth $3,697,950. Company insiders own 14.90% of the company’s stock.

NYSE:DEA opened at $20.45 on Friday. The firm has a market cap of $916.26 million, a price-to-earnings ratio of 16.23, a P/E/G ratio of 3.68 and a beta of 0.41. Easterly Government Properties Inc has a 1 year low of $18.73 and a 1 year 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 posted 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 analysts’ expectations of $37.04 million. Easterly Government Properties had a return on equity of 0.59% and a net margin of 3.51%. analysts predict that Easterly Government Properties Inc will post 1.19 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Thursday, September 13th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 12th. This represents a $1.04 annualized dividend and a dividend yield of 5.09%. Easterly Government Properties’s dividend payout ratio is currently 82.54%.

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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