Penn Capital Management Co. Inc. Takes Position in Easterly Government Properties Inc (DEA)
Penn Capital Management Co. Inc. purchased a new stake in Easterly Government Properties Inc (NYSE:DEA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 326,978 shares of the real estate investment trust’s stock, valued at approximately $5,889,000.
Other hedge funds also recently modified their holdings of the company. BlackRock Inc. grew its stake in Easterly Government Properties by 1.6% during the fourth quarter. BlackRock Inc. now owns 10,993,248 shares of the real estate investment trust’s stock worth $172,375,000 after purchasing an additional 169,468 shares during the period. Vanguard Group Inc. grew its stake in Easterly Government Properties by 18.3% during the third quarter. Vanguard Group Inc. now owns 6,535,031 shares of the real estate investment trust’s stock worth $126,583,000 after purchasing an additional 1,010,420 shares during the period. Cohen & Steers Inc. grew its stake in Easterly Government Properties by 16.8% during the fourth quarter. Cohen & Steers Inc. now owns 2,837,638 shares of the real estate investment trust’s stock worth $44,494,000 after purchasing an additional 407,761 shares during the period. Nuveen Asset Management LLC grew its stake in Easterly Government Properties by 4.1% during the fourth quarter. Nuveen Asset Management LLC now owns 2,012,251 shares of the real estate investment trust’s stock worth $31,552,000 after purchasing an additional 79,246 shares during the period. Finally, Deprince Race & Zollo Inc. grew its stake in Easterly Government Properties by 20.8% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,891,930 shares of the real estate investment trust’s stock worth $29,665,000 after purchasing an additional 325,486 shares during the period.
Shares of Easterly Government Properties stock opened at $18.65 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.72. Easterly Government Properties Inc has a 52 week low of $15.16 and a 52 week high of $20.59. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 6.37 and a beta of 0.77.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Monday, June 10th will be paid a $0.26 dividend. The ex-dividend date is Friday, June 7th. This represents a $1.04 dividend on an annualized basis and a yield of 5.58%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 88.89%.
In other Easterly Government Properties news, Chairman Darrell W. Crate sold 8,125 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $18.10, for a total value of $147,062.50. Following the completion of the sale, the chairman now owns 64,154 shares of the company’s stock, valued at $1,161,187.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William C. Trimble sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $18.12, for a total value of $163,080.00. Following the completion of the sale, the chief executive officer now directly owns 108,727 shares of the company’s stock, valued at approximately $1,970,133.24. The disclosure for this sale can be found here. Insiders sold 54,250 shares of company stock valued at $971,749 in the last three months. Insiders own 12.10% of the company’s stock.
Several equities research analysts recently commented on the company. Zacks Investment Research cut Easterly Government Properties from a “buy” rating to a “sell” rating in a research note on Monday. Citigroup decreased their target price on Easterly Government Properties from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, March 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Easterly Government Properties has a consensus rating of “Hold” and a consensus price target of $21.00.
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Easterly Government Properties Company Profile
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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