Principal Financial Group Inc. raised its holdings in Easterly Government Properties Inc (NYSE:DEA) by 5.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 344,673 shares of the real estate investment trust’s stock after buying an additional 16,362 shares during the quarter. Principal Financial Group Inc.’s holdings in Easterly Government Properties were worth $7,031,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Comerica Bank raised its holdings in shares of Easterly Government Properties by 5.5% in the first quarter. Comerica Bank now owns 50,136 shares of the real estate investment trust’s stock valued at $1,014,000 after purchasing an additional 2,622 shares during the last quarter. US Bancorp DE raised its holdings in shares of 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. Dubuque Bank & Trust Co. raised its holdings in shares of Easterly Government Properties by 23.5% in the first quarter. Dubuque Bank & Trust Co. now owns 16,409 shares of the real estate investment trust’s stock valued at $335,000 after purchasing an additional 3,119 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Easterly Government Properties by 26.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,718 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 3,334 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Easterly Government Properties by 2.4% in the first quarter. Asset Management One Co. Ltd. now owns 146,844 shares of the real estate investment trust’s stock valued at $2,996,000 after purchasing an additional 3,381 shares during the last quarter. 99.10% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman Darrell W. Crate sold 160,000 shares of the firm’s stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $19.97, for a total transaction of $3,195,200.00. Following the completion of the sale, the chairman now owns 205,000 shares in the company, valued at $4,093,850. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Darrell W. Crate sold 8,125 shares of the firm’s stock in a transaction dated Monday, July 9th. The stock was sold at an average price of $20.00, for a total transaction of $162,500.00. Following the sale, the chairman now owns 53,125 shares of the company’s stock, valued at approximately $1,062,500. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,250 shares of company stock valued at $3,697,950. 14.90% of the stock is currently owned by corporate insiders.

Shares of DEA stock opened at $20.45 on Friday. The stock has a market capitalization of $916.26 million, a PE ratio of 16.23, a PEG ratio of 3.68 and a beta of 0.41. The company has a debt-to-equity ratio of 0.46, a current ratio of 6.97 and a quick ratio of 6.97. Easterly Government Properties Inc has a one year low of $18.73 and a one year high of $22.32.

Easterly Government Properties (NYSE:DEA) last announced its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.28). The firm had revenue of $36.97 million during the quarter, compared to analysts’ expectations of $37.04 million. Easterly Government Properties had a net margin of 3.51% and a return on equity of 0.59%. equities research analysts anticipate that Easterly Government Properties Inc will post 1.19 earnings per share for the current fiscal year.

The company 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 $0.26 dividend. The ex-dividend date 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%.

Several analysts have recently commented on DEA shares. Zacks Investment Research downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Monday, May 14th. ValuEngine upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Friday, July 6th.

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

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