Blueshift Asset Management LLC Acquires New Holdings in Easterly Government Properties Inc (DEA)

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Blueshift Asset Management LLC acquired a new stake in Easterly Government Properties Inc (NYSE:DEA) during the 4th quarter, HoldingsChannel reports. The firm acquired 12,454 shares of the real estate investment trust’s stock, valued at approximately $195,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sargent Investment Group LLC bought a new stake in shares of Easterly Government Properties during the fourth quarter worth $409,000. Advisor Group Inc. increased its position in shares of Easterly Government Properties by 8.6% during the fourth quarter. Advisor Group Inc. now owns 14,232 shares of the real estate investment trust’s stock worth $223,000 after acquiring an additional 1,133 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Easterly Government Properties by 13.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,858 shares of the real estate investment trust’s stock worth $264,000 after acquiring an additional 2,041 shares in the last quarter. Texas Permanent School Fund increased its position in shares of Easterly Government Properties by 4.8% during the fourth quarter. Texas Permanent School Fund now owns 39,799 shares of the real estate investment trust’s stock worth $624,000 after acquiring an additional 1,805 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Easterly Government Properties by 7.3% in the fourth quarter. Bank of New York Mellon Corp now owns 925,750 shares of the real estate investment trust’s stock valued at $14,515,000 after purchasing an additional 62,929 shares in the last quarter.

A number of research analysts recently weighed in on DEA shares. Boenning Scattergood started coverage on shares of Easterly Government Properties in a research report on Wednesday, November 28th. They issued an “outperform” rating and a $23.00 target price for the company. Royal Bank of Canada raised shares of Easterly Government Properties from a “sector perform” rating to an “outperform” rating in a research report on Friday, December 14th. Raymond James raised shares of Easterly Government Properties from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 8th. Finally, Zacks Investment Research raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, December 25th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $21.00.

In related news, CAO Alison M. Bernard sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $18.03, for a total value of $360,600.00. Following the completion of the transaction, the chief accounting officer now owns 20,501 shares of the company’s stock, valued at $369,633.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 14.90% of the stock is currently owned by company insiders.

Easterly Government Properties stock opened at $17.76 on Friday. The firm has a market capitalization of $1.08 billion, a P/E ratio of 15.09 and a beta of 0.79. Easterly Government Properties Inc has a 1-year low of $15.16 and a 1-year high of $21.49. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.75.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 14th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date is Wednesday, March 13th.

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

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