Easterly Government Properties, Inc. (NYSE:DEA) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in Easterly Government Properties, Inc. (NYSE:DEA) by 12.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,047 shares of the real estate investment trust’s stock after selling 15,478 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Easterly Government Properties worth $1,216,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Easterly Government Properties by 478.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 672,306 shares of the real estate investment trust’s stock valued at $9,130,000 after buying an additional 556,148 shares during the period. Quest Partners LLC purchased a new stake in shares of Easterly Government Properties during the 3rd quarter valued at about $3,449,000. Harbor Capital Advisors Inc. raised its holdings in shares of Easterly Government Properties by 145.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 224,825 shares of the real estate investment trust’s stock valued at $3,053,000 after buying an additional 133,367 shares during the period. Barclays PLC raised its holdings in shares of Easterly Government Properties by 324.6% during the 3rd quarter. Barclays PLC now owns 165,212 shares of the real estate investment trust’s stock valued at $2,244,000 after buying an additional 126,306 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Easterly Government Properties by 4.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,932,660 shares of the real estate investment trust’s stock valued at $26,246,000 after buying an additional 79,400 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Darrell W. Crate purchased 10,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $10.91 per share, for a total transaction of $109,100.00. Following the acquisition, the chief executive officer now owns 171,479 shares of the company’s stock, valued at $1,870,835.89. The trade was a 6.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 8.10% of the company’s stock.

Easterly Government Properties Price Performance

DEA stock opened at $10.80 on Monday. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. Easterly Government Properties, Inc. has a 52-week low of $10.45 and a 52-week high of $14.52. The stock’s 50 day moving average is $11.19 and its two-hundred day moving average is $12.48. The company has a market capitalization of $1.14 billion, a PE ratio of 59.97 and a beta of 0.70.

Easterly Government Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th will be issued a $0.265 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.82%. Easterly Government Properties’s dividend payout ratio (DPR) is 588.89%.

Wall Street Analyst Weigh In

Several research firms have issued reports on DEA. Jefferies Financial Group dropped their price objective on Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Truist Financial dropped their price objective on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, December 6th. Finally, StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Monday, January 27th.

About Easterly Government Properties

Easterly Government Properties, Inc (NYSE: DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.