Oppenheimer & Co. Inc. Takes $278,000 Position in Easterly Government Properties Inc (DEA)

Oppenheimer & Co. Inc. acquired 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 SEC. The institutional investor acquired 13,605 shares of the real estate investment trust’s stock, valued at approximately $278,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Easterly Government Properties by 138.1% in the 4th quarter. BlackRock Inc. now owns 6,820,090 shares of the real estate investment trust’s stock valued at $145,541,000 after buying an additional 3,955,615 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Easterly Government Properties by 80.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,965,681 shares of the real estate investment trust’s stock valued at $41,948,000 after buying an additional 874,481 shares during the last quarter. Westwood Holdings Group Inc. boosted its holdings in shares of Easterly Government Properties by 3.1% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,242,918 shares of the real estate investment trust’s stock valued at $26,524,000 after buying an additional 37,510 shares during the last quarter. GW&K Investment Management LLC boosted its holdings in shares of Easterly Government Properties by 0.5% in the 4th quarter. GW&K Investment Management LLC now owns 889,145 shares of the real estate investment trust’s stock valued at $18,974,000 after buying an additional 4,049 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Easterly Government Properties by 64.4% in the 4th quarter. Deutsche Bank AG now owns 719,014 shares of the real estate investment trust’s stock valued at $15,342,000 after buying an additional 281,638 shares during the last quarter. 98.29% of the stock is owned by institutional investors.

In other Easterly Government Properties news, CAO Alison M. Bernard purchased 2,000 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was acquired at an average price of $19.75 per share, with a total value of $39,500.00. Following the acquisition, the chief accounting officer now directly owns 501 shares of the company’s stock, valued at approximately $9,894.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 14.90% of the company’s stock.

Several research firms have recently commented on DEA. Zacks Investment Research downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Monday. SunTrust Banks reissued a “buy” rating and issued a $23.00 price objective on shares of Easterly Government Properties in a report on Monday, January 22nd.

Easterly Government Properties opened at $19.80 on Friday, according to MarketBeat. The company has a market capitalization of $906.60 million, a PE ratio of 15.75 and a beta of 0.48. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.90 and a quick ratio of 1.90. Easterly Government Properties Inc has a 12 month low of $19.81 and a 12 month high of $20.23.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings data on Tuesday, May 8th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $35.97 million during the quarter, compared to analyst estimates of $38.53 million. Easterly Government Properties had a net margin of 3.23% and a return on equity of 0.58%. The company’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS. sell-side analysts forecast that Easterly Government Properties Inc will post 1.29 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Monday, June 11th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 5.25%. The ex-dividend date of this dividend is Friday, June 8th. Easterly Government Properties’s dividend payout ratio is 82.54%.

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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