Easterly Government Properties Inc (DEA) CEO William C. Trimble Sells 9,000 Shares

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Easterly Government Properties Inc (NYSE:DEA) CEO William C. Trimble sold 9,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $18.12, for a total transaction of $163,080.00. Following the completion of the transaction, the chief executive officer now directly owns 108,727 shares in the company, valued at approximately $1,970,133.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Easterly Government Properties stock traded up $0.32 during midday trading on Friday, hitting $18.34. 270,616 shares of the stock were exchanged, compared to its average volume of 400,780. Easterly Government Properties Inc has a 1 year low of $15.16 and a 1 year high of $21.49. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 5.20 and a beta of 0.77. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.18 and a quick ratio of 1.18.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results on Thursday, February 28th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.30). Easterly Government Properties had a return on equity of 0.58% and a net margin of 3.55%. The firm had revenue of $48.20 million for the quarter, compared to analysts’ expectations of $46.72 million. During the same period last year, the firm earned $0.32 EPS. The business’s quarterly revenue was up 32.8% on a year-over-year basis. Analysts forecast that Easterly Government Properties Inc will post 1.19 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Easterly Government Properties by 1.6% during the 4th quarter. BlackRock Inc. now owns 10,993,248 shares of the real estate investment trust’s stock worth $172,375,000 after acquiring an additional 169,468 shares in the last quarter. Vanguard Group Inc grew its holdings in Easterly Government Properties by 18.3% during the 3rd quarter. Vanguard Group Inc now owns 6,535,031 shares of the real estate investment trust’s stock worth $126,583,000 after acquiring an additional 1,010,420 shares in the last quarter. Vanguard Group Inc. grew its holdings in Easterly Government Properties by 18.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,535,031 shares of the real estate investment trust’s stock worth $126,583,000 after acquiring an additional 1,010,420 shares in the last quarter. Cohen & Steers Inc. grew its holdings in Easterly Government Properties by 16.8% during the 4th quarter. Cohen & Steers Inc. now owns 2,837,638 shares of the real estate investment trust’s stock worth $44,494,000 after acquiring an additional 407,761 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in Easterly Government Properties by 4.1% during the 4th quarter. Nuveen Asset Management LLC now owns 2,012,251 shares of the real estate investment trust’s stock worth $31,552,000 after acquiring an additional 79,246 shares in the last quarter.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, January 3rd. Citigroup cut their target price on shares of Easterly Government Properties from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, March 29th. Finally, Raymond James raised shares of Easterly Government Properties from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 8th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Easterly Government Properties has a consensus rating of “Buy” and a consensus price target of $20.33.

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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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