Monashee Investment Management adds Easterly Government Properties Inc (DEA) to its portfolio

Easterly Government Properties Inc (DEA) : Monashee Investment Management added new position in Easterly Government Properties Inc during the most recent quarter end. The investment management firm now holds 25,586 shares of Easterly Government Properties Inc which is valued at $510,952 , the company said in a statement filed on Aug 2, 2016 with the SEC.Easterly Government Properties Inc makes up approximately 0.78% of Monashee Investment Management’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in DEA in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 3,448 shares of Easterly Government Properties Inc which is valued at $68,857.California State Teachers Retirement System boosted its stake in DEA in the latest quarter, The investment management firm added 20,711 additional shares and now holds a total of 49,984 shares of Easterly Government Properties Inc which is valued at $998,180. Ngam Advisors added DEA to its portfolio by purchasing 64,239 company shares during the most recent quarter which is valued at $1,282,853. Easterly Government Properties Inc makes up approx 0.02% of Ngam Advisors’s portfolio.American Century Companies Inc reduced its stake in DEA by selling 23,419 shares or 7.45% in the most recent quarter. The Hedge Fund company now holds 290,893 shares of DEA which is valued at $5,814,951. Easterly Government Properties Inc makes up approx 0.01% of American Century Companies Inc’s portfolio.

Easterly Government Properties Inc closed down -0.35 points or -1.75% at $19.6 with 4,32,330 shares getting traded on Monday. Post opening the session at $19.75, the shares hit an intraday low of $19.15 and an intraday high of $19.75 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Easterly Government Properties Inc reported $0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $0.31. The company had revenue of $24.92 million for the quarter, compared to analysts expectations of $23.53 million. The company’s revenue was up 29.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Easterly Government Properties Inc. is a real estate investment trust (REIT). The Company is focused primarily on the acquisition development and management of Class A commercial properties that are leased to the United States Government agencies. The Company wholly owns approximately 29 properties in the United States including 26 properties that are leased primarily to the United States Government tenant agencies and three properties that are entirely leased to private tenants encompassing approximately 2.1 million square feet in the aggregate. It focuses on acquiring developing and managing the United States General Services Administration (GSA)-leased properties that are essential to supporting the mission of the tenant agency and strive to be a partner of choice for the United States Government working closely with the GSA to meet the needs and objectives of the tenant agency.

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