State of Tennessee Treasury Department bought a new stake in shares of Easterly Government Properties Inc (NYSE:DEA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 35,315 shares of the real estate investment trust’s stock, valued at approximately $754,000. State of Tennessee Treasury Department owned approximately 0.08% of Easterly Government Properties at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Citadel Advisors LLC increased its holdings in Easterly Government Properties by 8.4% in the 4th quarter. Citadel Advisors LLC now owns 134,725 shares of the real estate investment trust’s stock worth $2,875,000 after acquiring an additional 10,423 shares in the last quarter. American International Group Inc. increased its holdings in Easterly Government Properties by 35.3% in the 4th quarter. American International Group Inc. now owns 33,747 shares of the real estate investment trust’s stock worth $720,000 after acquiring an additional 8,811 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in Easterly Government Properties in the 4th quarter worth $1,852,000. BlackRock Inc. increased its holdings in Easterly Government Properties by 138.1% in the 4th quarter. BlackRock Inc. now owns 6,820,090 shares of the real estate investment trust’s stock worth $145,541,000 after acquiring an additional 3,955,615 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Easterly Government Properties by 101.8% in the 4th quarter. Bank of New York Mellon Corp now owns 644,039 shares of the real estate investment trust’s stock worth $13,744,000 after acquiring an additional 324,869 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.
In other Easterly Government Properties news, CAO Alison M. Bernard bought 2,000 shares of the stock in a transaction on Tuesday, March 13th. The shares were bought at an average price of $19.75 per share, with a total value of $39,500.00. Following the purchase, the chief accounting officer now directly owns 501 shares in the company, valued at approximately $9,894.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.60% of the company’s stock.
Shares of Easterly Government Properties Inc (NYSE DEA) opened at $19.84 on Friday. Easterly Government Properties Inc has a one year low of $19.03 and a one year high of $22.32. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.73. The stock has a market cap of $893.97, a price-to-earnings ratio of 15.78 and a beta of 0.58.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Tuesday, March 13th will be paid a dividend of $0.26 per share. The ex-dividend date is Monday, March 12th. This represents a $1.04 annualized dividend and a yield of 5.24%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 1,040.10%.
DEA has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Easterly Government Properties from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Monday, December 25th. SunTrust Banks reissued a “buy” rating and issued a $23.00 price target on shares of Easterly Government Properties in a report on Monday, January 22nd.
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Easterly Government Properties Company Profile
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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