California Public Employees Retirement System reduced its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 4.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,200 shares of the real estate investment trust’s stock after selling 500 shares during the period. California Public Employees Retirement System’s holdings in Easterly Government Properties were worth $222,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in DEA. Norges Bank bought a new stake in shares of Easterly Government Properties during the fourth quarter valued at about $310,000. Teachers Advisors LLC boosted its position in Easterly Government Properties by 1.6% in the fourth quarter. Teachers Advisors LLC now owns 69,846 shares of the real estate investment trust’s stock worth $1,398,000 after buying an additional 1,109 shares during the last quarter. Bank of Montreal Can purchased a new position in Easterly Government Properties during the first quarter worth $156,000. Wells Fargo & Company MN boosted its position in Easterly Government Properties by 0.3% in the first quarter. Wells Fargo & Company MN now owns 232,680 shares of the real estate investment trust’s stock worth $4,604,000 after buying an additional 643 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in Easterly Government Properties by 47.3% in the first quarter. Great West Life Assurance Co. Can now owns 16,307 shares of the real estate investment trust’s stock worth $323,000 after buying an additional 5,237 shares during the last quarter. Hedge funds and other institutional investors own 96.30% of the company’s stock.

Shares of Easterly Government Properties, Inc. (NYSE:DEA) traded up 1.37% during trading on Thursday, hitting $20.02. 69,143 shares of the stock traded hands. The firm has a 50 day moving average price of $20.02 and a 200-day moving average price of $20.21. The company has a market cap of $766.51 million, a PE ratio of 200.20 and a beta of 0.56. Easterly Government Properties, Inc. has a one year low of $17.94 and a one year high of $21.81.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by $0.29. The firm had revenue of $30.60 million for the quarter, compared to analyst estimates of $30.61 million. Easterly Government Properties had a return on equity of 0.58% and a net margin of 3.40%. The company’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 earnings per share. Analysts anticipate that Easterly Government Properties, Inc. will post $0.11 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Wednesday, September 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.06%. Easterly Government Properties’s payout ratio is currently 1,000.10%.

TRADEMARK VIOLATION NOTICE: This article was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://www.thecerbatgem.com/2017/08/31/california-public-employees-retirement-system-sells-500-shares-of-easterly-government-properties-inc-dea.html.

A number of research firms have weighed in on DEA. BidaskClub cut shares of Easterly Government Properties from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Zacks Investment Research raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $24.00 price target on shares of Easterly Government Properties in a research report on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Easterly Government Properties presently has an average rating of “Hold” and a consensus price target of $22.13.

About Easterly Government Properties

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).

Want to see what other hedge funds are holding DEA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Easterly Government Properties, Inc. (NYSE:DEA).

Institutional Ownership by Quarter for Easterly Government Properties (NYSE:DEA)

Receive News & Stock Ratings for Easterly Government Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Easterly Government Properties Inc. and related stocks with our FREE daily email newsletter.