Easterly Government Properties, Inc. (NYSE:DEA) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 5,460,078 shares, a drop of 0.2% from the July 14th total of 5,472,433 shares. Based on an average daily volume of 196,084 shares, the days-to-cover ratio is currently 27.8 days. Approximately 15.1% of the shares of the company are short sold.

Easterly Government Properties (DEA) opened at 19.84 on Friday. The firm’s 50-day moving average is $20.02 and its 200-day moving average is $20.21. The company has a market cap of $759.61 million, a price-to-earnings ratio of 198.40 and a beta of 0.56. Easterly Government Properties 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, August 8th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.29. The firm had revenue of $30.60 million during the quarter, compared to analyst estimates of $30.61 million. Easterly Government Properties had a return on equity of 0.58% and a net margin of 3.40%. The business’s revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 earnings per share. On average, analysts anticipate that Easterly Government Properties will post $0.11 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend is Tuesday, September 12th. Easterly Government Properties’s dividend payout ratio (DPR) is currently 1,000.10%.

A number of institutional investors have recently added to or reduced their stakes in DEA. Public Employees Retirement System of Ohio increased its stake in Easterly Government Properties by 3.6% in the second quarter. Public Employees Retirement System of Ohio now owns 27,816 shares of the real estate investment trust’s stock worth $583,000 after buying an additional 974 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in Easterly Government Properties by 35.8% in the second quarter. Westwood Holdings Group Inc. now owns 740,318 shares of the real estate investment trust’s stock valued at $15,510,000 after buying an additional 195,240 shares in the last quarter. Susquehanna International Group LLP increased its stake in Easterly Government Properties by 46.9% in the second quarter. Susquehanna International Group LLP now owns 92,575 shares of the real estate investment trust’s stock valued at $1,939,000 after buying an additional 29,540 shares in the last quarter. California State Teachers Retirement System increased its stake in Easterly Government Properties by 2.8% in the second quarter. California State Teachers Retirement System now owns 65,853 shares of the real estate investment trust’s stock valued at $1,380,000 after buying an additional 1,769 shares in the last quarter. Finally, M&R Capital Management Inc. purchased a new stake in Easterly Government Properties during the second quarter valued at about $579,000. 90.12% of the stock is currently owned by institutional investors.

A number of equities analysts have weighed in on the stock. BidaskClub lowered shares of Easterly Government Properties from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Jefferies Group LLC reiterated a “buy” rating and set a $24.00 target price on shares of Easterly Government Properties in a research report on Monday, May 22nd. Finally, Zacks Investment Research upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Monday, May 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $22.13.

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About Easterly Government Properties

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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