New York State Common Retirement Fund Sells 544,893 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

New York State Common Retirement Fund decreased its position in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 51.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 505,354 shares of the real estate investment trust's stock after selling 544,893 shares during the period. New York State Common Retirement Fund owned 0.48% of Easterly Government Properties worth $5,741,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in Easterly Government Properties during the third quarter valued at $856,000. Barclays PLC boosted its position in Easterly Government Properties by 324.6% during the third quarter. Barclays PLC now owns 165,212 shares of the real estate investment trust's stock valued at $2,244,000 after purchasing an additional 126,306 shares during the last quarter. Kempner Capital Management Inc. boosted its position in Easterly Government Properties by 23.7% during the fourth quarter. Kempner Capital Management Inc. now owns 317,980 shares of the real estate investment trust's stock valued at $3,612,000 after purchasing an additional 60,840 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in Easterly Government Properties by 2.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 143,148 shares of the real estate investment trust's stock valued at $1,600,000 after purchasing an additional 3,310 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Easterly Government Properties by 3.5% during the third quarter. The Manufacturers Life Insurance Company now owns 48,846 shares of the real estate investment trust's stock valued at $663,000 after purchasing an additional 1,637 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.

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Easterly Government Properties Stock Up 0.1 %

Shares of NYSE:DEA traded up $0.02 on Monday, reaching $11.29. The company had a trading volume of 1,190,718 shares, compared to its average volume of 1,354,552. Easterly Government Properties, Inc. has a twelve month low of $10.45 and a twelve month high of $14.52. The stock has a 50-day moving average price of $11.18 and a 200 day moving average price of $12.41. The stock has a market capitalization of $1.22 billion, a P/E ratio of 62.69 and a beta of 0.70. 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 (NYSE:DEA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.22. The business had revenue of $78.25 million for the quarter, compared to analyst estimates of $79.49 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. On average, equities analysts expect that Easterly Government Properties, Inc. will post 1.17 EPS for the current year.

Easterly Government Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th will be paid a $0.265 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.39%. Easterly Government Properties's payout ratio is presently 557.89%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Jefferies Financial Group reduced their price objective on Easterly Government Properties from $15.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Truist Financial reduced their price target on Easterly Government Properties from $14.00 to $13.00 and set a "hold" rating for the company in a research report on Friday, December 6th. Finally, StockNews.com cut Easterly Government Properties from a "hold" rating to a "sell" rating in a research report on Monday, February 24th.

Insider Transactions at Easterly Government Properties

In other Easterly Government Properties news, CEO Darrell W. Crate acquired 10,000 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of $10.91 per share, for a total transaction of $109,100.00. Following the completion of the purchase, the chief executive officer now owns 171,479 shares of the company's stock, valued at approximately $1,870,835.89. This trade represents a 6.19 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.10% of the stock is currently owned by corporate insiders.

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.