Wells Fargo & Company MN Lowers Stock Holdings in Easterly Government Properties Inc (NYSE:DEA)

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Wells Fargo & Company MN lowered its holdings in shares of Easterly Government Properties Inc (NYSE:DEA) by 14.5% during the second quarter, HoldingsChannel.com reports. The firm owned 270,510 shares of the real estate investment trust’s stock after selling 45,956 shares during the period. Wells Fargo & Company MN’s holdings in Easterly Government Properties were worth $4,899,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. boosted its position in Easterly Government Properties by 10.5% during the first quarter. JPMorgan Chase & Co. now owns 4,347,180 shares of the real estate investment trust’s stock worth $78,292,000 after purchasing an additional 413,255 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in Easterly Government Properties by 20.8% during the first quarter. Westwood Holdings Group Inc. now owns 1,819,909 shares of the real estate investment trust’s stock worth $32,777,000 after purchasing an additional 312,908 shares in the last quarter. Kennedy Capital Management Inc. boosted its position in Easterly Government Properties by 208.7% during the first quarter. Kennedy Capital Management Inc. now owns 916,732 shares of the real estate investment trust’s stock worth $16,510,000 after purchasing an additional 619,807 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Easterly Government Properties by 14.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 813,155 shares of the real estate investment trust’s stock worth $12,750,000 after purchasing an additional 100,817 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its position in Easterly Government Properties by 172.6% during the first quarter. Federated Investors Inc. PA now owns 708,781 shares of the real estate investment trust’s stock worth $12,765,000 after purchasing an additional 448,781 shares in the last quarter. Institutional investors own 91.23% of the company’s stock.

DEA has been the topic of a number of recent analyst reports. ValuEngine upgraded Easterly Government Properties from a “hold” rating to a “buy” rating in a research report on Monday, August 12th. Raymond James increased their price target on Easterly Government Properties from $19.50 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. SunTrust Banks increased their price target on Easterly Government Properties from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Finally, Zacks Investment Research downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $21.20.

In other news, Chairman Darrell W. Crate sold 8,125 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $18.47, for a total value of $150,068.75. Following the transaction, the chairman now owns 64,154 shares in the company, valued at $1,184,924.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William C. Trimble sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $20.68, for a total value of $186,120.00. Following the completion of the transaction, the chief executive officer now owns 108,727 shares in the company, valued at approximately $2,248,474.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,250 shares of company stock worth $819,578. Company insiders own 12.10% of the company’s stock.

Shares of NYSE DEA traded up $0.06 during midday trading on Thursday, hitting $20.97. The stock had a trading volume of 10,292 shares, compared to its average volume of 624,980. The company has a market capitalization of $1.50 billion, a PE ratio of 17.96, a P/E/G ratio of 7.36 and a beta of 0.60. The stock has a 50 day simple moving average of $20.34 and a 200-day simple moving average of $18.74. Easterly Government Properties Inc has a 1 year low of $15.16 and a 1 year high of $21.38. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.78.

Easterly Government Properties (NYSE:DEA) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.21). The firm had revenue of $52.75 million during the quarter, compared to analysts’ expectations of $52.29 million. Easterly Government Properties had a net margin of 4.17% and a return on equity of 0.74%. The business’s revenue was up 42.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 EPS. As a group, analysts expect 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 26th. Stockholders of record on Thursday, September 12th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $1.04 annualized dividend and a dividend yield of 4.96%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 88.89%.

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

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