Janus Capital Management LLC Decreases Stake in Easterly Government Properties, Inc. (NYSE:DEA)
Janus Capital Management LLC cut its position in Easterly Government Properties, Inc. (NYSE:DEA) by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,075,079 shares of the real estate investment trust’s stock after selling 1,727 shares during the period. Janus Capital Management LLC owned about 2.91% of Easterly Government Properties worth $21,276,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of DEA. Dubuque Bank & Trust Co. acquired a new stake in Easterly Government Properties during the first quarter valued at approximately $213,000. Independent Portfolio Consultants Inc. acquired a new position in shares of Easterly Government Properties during the first quarter worth approximately $840,000. Orinda Asset Management LLC acquired a new position in shares of Easterly Government Properties during the first quarter worth approximately $198,000. First National Bank of Omaha boosted its position in shares of Easterly Government Properties by 38.1% in the first quarter. First National Bank of Omaha now owns 66,063 shares of the real estate investment trust’s stock worth $1,307,000 after buying an additional 18,225 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Easterly Government Properties during the first quarter worth approximately $156,000. 91.76% of the stock is currently owned by institutional investors.
Shares of Easterly Government Properties, Inc. (NYSE DEA) traded down 0.50% on Thursday, reaching $19.82. The company’s stock had a trading volume of 182,020 shares. The firm has a 50 day moving average price of $20.60 and a 200-day moving average price of $20.21. The stock has a market cap of $735.14 million, a PE ratio of 180.18 and a beta of 0.57. Easterly Government Properties, Inc. has a 12-month low of $17.94 and a 12-month high of $21.81.
Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.28. The company had revenue of $29.89 million during the quarter, compared to analyst estimates of $28.14 million. Easterly Government Properties had a net margin of 3.46% and a return on equity of 0.56%. The business’s revenue was up 24.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. Equities research analysts expect that Easterly Government Properties, Inc. will post $0.14 EPS for the current year.
A number of brokerages recently commented on DEA. Zacks Investment Research raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Jefferies Group LLC raised their price objective on Easterly Government Properties from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, April 18th. Finally, BidaskClub downgraded Easterly Government Properties from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $22.13.
Easterly Government Properties Company Profile
Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).
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