Easterly Government Properties Inc (NYSE:DEA) CEO Sells $179,640.00 in Stock

Easterly Government Properties Inc (NYSE:DEA) CEO William C. Trimble sold 9,000 shares of Easterly Government Properties stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $19.96, for a total value of $179,640.00. Following the transaction, the chief executive officer now directly owns 90,713 shares in the company, valued at approximately $1,810,631.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Easterly Government Properties stock remained flat at $$18.24 during mid-day trading on Friday. The company had a trading volume of 241,491 shares, compared to its average volume of 599,231. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 3.67 and a beta of 0.45. Easterly Government Properties Inc has a 1-year low of $18.17 and a 1-year high of $22.32. The company has a quick ratio of 6.97, a current ratio of 6.97 and a debt-to-equity ratio of 0.46.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.28). The business had revenue of $36.97 million for the quarter, compared to the consensus estimate of $37.04 million. Easterly Government Properties had a return on equity of 0.59% and a net margin of 3.51%. On average, research analysts anticipate that Easterly Government Properties Inc will post 1.17 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 27th. Investors of record on Thursday, September 13th were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, September 12th. This represents a $1.04 dividend on an annualized basis and a yield of 5.70%. Easterly Government Properties’s dividend payout ratio (DPR) is currently 82.54%.

Several brokerages recently issued reports on DEA. ValuEngine raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Zacks Investment Research raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Monday, September 24th.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Easterly Government Properties by 20.3% in the second quarter. BlackRock Inc. now owns 9,073,828 shares of the real estate investment trust’s stock valued at $179,299,000 after buying an additional 1,533,429 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Easterly Government Properties by 1.6% in the first quarter. JPMorgan Chase & Co. now owns 4,480,179 shares of the real estate investment trust’s stock valued at $91,396,000 after buying an additional 70,064 shares during the period. AEW Capital Management L P raised its stake in shares of Easterly Government Properties by 19.9% in the second quarter. AEW Capital Management L P now owns 2,025,428 shares of the real estate investment trust’s stock valued at $40,022,000 after buying an additional 335,581 shares during the period. Renaissance Technologies LLC raised its stake in shares of Easterly Government Properties by 14.3% in the second quarter. Renaissance Technologies LLC now owns 1,832,900 shares of the real estate investment trust’s stock valued at $36,218,000 after buying an additional 229,100 shares during the period. Finally, Westwood Holdings Group Inc. raised its stake in shares of Easterly Government Properties by 12.4% in the first quarter. Westwood Holdings Group Inc. now owns 1,397,368 shares of the real estate investment trust’s stock valued at $28,506,000 after buying an additional 154,450 shares during the period.

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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