Westpac Banking Corp decreased its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 50.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 78,814 shares of the real estate investment trust’s stock after selling 81,814 shares during the quarter. Westpac Banking Corp owned about 0.21% of Easterly Government Properties worth $1,651,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can bought a new position in shares of Easterly Government Properties in the 1st quarter worth $156,000. Legal & General Group Plc lifted its holdings in shares of Easterly Government Properties by 7.8% in the 2nd quarter. Legal & General Group Plc now owns 8,528 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 619 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of Easterly Government Properties in the 1st quarter worth $202,000. Teacher Retirement System of Texas bought a new position in shares of Easterly Government Properties in the 1st quarter worth $212,000. Finally, Dubuque Bank & Trust Co. lifted its holdings in shares of Easterly Government Properties by 8.7% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 11,697 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 940 shares in the last quarter. 96.30% of the stock is owned by institutional investors.

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Easterly Government Properties, Inc. (NYSE DEA) opened at 20.04 on Friday. Easterly Government Properties, Inc. has a one year low of $17.94 and a one year high of $21.81. The company has a market capitalization of $767.27 million, a PE ratio of 200.40 and a beta of 0.56. The company has a 50 day moving average price of $19.92 and a 200-day moving average price of $20.20.

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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.29. The firm had revenue of $30.60 million during the quarter, compared to analysts’ expectations of $30.61 million. Easterly Government Properties had a return on equity of 0.58% and a net margin of 3.40%. Easterly Government Properties’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 earnings per share. Analysts expect that Easterly Government Properties, Inc. will post $0.11 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Wednesday, September 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $1.00 annualized dividend and a yield of 4.99%. Easterly Government Properties’s payout ratio is 1,000.10%.

A number of brokerages recently issued reports on DEA. Zacks Investment Research upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub cut Easterly Government Properties from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $24.00 target price on shares of Easterly Government Properties in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Easterly Government Properties currently has an average rating of “Hold” and an average price target of $22.13.

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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Institutional Ownership by Quarter for Easterly Government Properties (NYSE:DEA)

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