Easterly Government Properties, Inc. (DEA) Short Interest Update
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.
COPYRIGHT VIOLATION WARNING: “Easterly Government Properties, Inc. (DEA) Short Interest Update” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/08/27/easterly-government-properties-inc-dea-short-interest-update.html.
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).
Receive News & Stock Ratings for Easterly Government Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Easterly Government Properties Inc. and related stocks with our FREE daily email newsletter.