Easterly Government Properties, Inc. (NYSE: DEA) Short interest rate up 116.7% in August
Easterly Government Properties, Inc. (NYSE: DEA) saw significant growth in short-term interest in August. As of August 31, there was short interest totaling 11,810,000 shares, an increase of 116.7% from the total of 5,450,000 shares as of August 15. Based on an average daily volume of 666,000 shares, the short-term interest rate is currently 17.7 days.
Meanwhile, CEO William C. Trimble sold 9,000 shares of the company in a transaction that took place on Thursday, August 12. The shares were sold at an average price of $ 21.65, for a total trade of $ 194,850.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In addition, President Darrell W. Crate sold 5,000 shares of the company in a transaction that took place on Friday, June 25. The stock was sold at an average price of $ 21.40, for a total trade of $ 107,000.00. As a result of the sale, the President now owns 7,428 shares of the company, valued at $ 158,959.20. Disclosure of this sale can be found here. Insiders sold 45,000 shares of the company valued at $ 978,150 during the last quarter. Insiders own 9.0% of the company’s shares.
Hedge funds and other institutional investors have recently changed their holdings of stocks. Dark Forest Capital Management LP acquired a new stake in shares of Easterly Government Properties during the second quarter valued at $ 38,000. Advisory Services Network LLC acquired a new equity stake in Easterly Government Properties during the second quarter valued at $ 42,000. Quantbot Technologies LP acquired a new stake in shares of Easterly Government Properties during the first quarter valued at $ 74,000. Heritage Wealth Management LLC increased its position in Easterly Government Properties by 59.9% in the second quarter. Heritage Wealth Management LLC now owns 3,714 real estate investment trust shares worth $ 78,000 after acquiring an additional 1,391 shares in the last quarter. Finally, Huntington National Bank increased its position in Easterly Government Properties by 20.8% in the second quarter. Huntington National Bank now owns 4,061 Real Estate Investment Trust shares worth $ 86,000 after acquiring 700 more shares in the last quarter. 86.24% of the shares are held by hedge funds and other institutional investors.
DEA shares traded down $ 0.11 during trading hours on Thursday, reaching $ 21.10. The stock had a trade volume of 19,143 shares, compared to its average volume of 653,409. The company has a market cap of $ 1.77 billion, a PE ratio of 81.58 and a beta of 0 , 43. Easterly Government Properties has a twelve month low of $ 19.64 and a twelve month high of $ 23.91. The stock’s 50-day moving average is $ 21.79 and its 200-day moving average is $ 21.39. The company has a debt to equity ratio of 0.78, a current ratio of 1.22, and a rapid ratio of 1.22.
Easterly Government Properties (NYSE: DEA) last released its quarterly earnings data on Tuesday, August 3. The REIT reported earnings of $ 0.10 per share for the quarter, missing Thomson Reuters’ consensus estimate of $ 0.33 ($ 0.23). The company posted revenue of $ 68.60 million in the quarter, compared to analysts’ estimates of $ 67.82 million. Easterly Government Properties had a net margin of 8.38% and a return on equity of 1.66%. Easterly Government Properties revenue increased 13.4% from the same quarter last year. During the same period of the previous year, the company posted earnings per share of $ 0.31. As a group, stock analysts predict Easterly Government Properties will post earnings per share of 1.31 for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 24. Investors of record on Thursday, August 12, received a dividend of $ 0.265 per share. The ex-dividend date was Wednesday August 11. This is an increase from the previous quarterly dividend of $ 0.26 from Easterly Government Properties. This represents an annualized dividend of $ 1.06 and a dividend yield of 5.02%. Easterly Government Properties’ dividend payout ratio (DPR) is currently 84.13%.
A number of stock analysts have recently published reports on the company. Zacks Investment Research downgraded Eastern Government Properties’ rating from a “buy” rating to a “hold” rating in a report released on Tuesday, August 24. Raymond James raised his price target on Eastern government properties from $ 24.00 to $ 24.50 and gave the company an “outperformance” rating in a report released on Wednesday, August 4. Finally, TheStreet upgraded Eastern government properties from a “c +” rating to a “b-” rating in a report released on Thursday, July 29. Two equity research analysts rated the stock with a conservation rating and five gave the stock a buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $ 25.08.
About Eastern Government Properties
Easterly Government Properties, Inc. operates as a real estate investment trust, which engages in the acquisition, development and management of commercial properties that are leased to US government agencies. The company was founded on October 10, 2014 and is headquartered in Washington, DC.
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