Arizona State Retirement System grew its holdings in shares of Easterly Government Properties Inc (NYSE:DEA) by 6.4% in the 3rd quarter, Holdings Channel reports. The fund owned 87,597 shares of the real estate investment trust’s stock after purchasing an additional 5,233 shares during the period. Arizona State Retirement System’s holdings in Easterly Government Properties were worth $1,697,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DEA. Monetary Management Group Inc. bought a new position in shares of Easterly Government Properties during the second quarter valued at $119,000. Glen Harbor Capital Management LLC increased its position in shares of Easterly Government Properties by 61.7% during the second quarter. Glen Harbor Capital Management LLC now owns 7,150 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 2,728 shares during the period. Riverhead Capital Management LLC increased its position in shares of Easterly Government Properties by 62.0% during the second quarter. Riverhead Capital Management LLC now owns 8,100 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 3,100 shares during the period. First Trust Advisors LP acquired a new stake in shares of Easterly Government Properties during the third quarter worth $209,000. Finally, Meadow Creek Investment Management LLC increased its position in shares of Easterly Government Properties by 61.7% during the second quarter. Meadow Creek Investment Management LLC now owns 11,050 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 4,216 shares during the period.

DEA opened at $18.06 on Wednesday. Easterly Government Properties Inc has a twelve month low of $17.42 and a twelve month high of $22.32. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.64. The firm has a market cap of $1.10 billion, a PE ratio of 14.33, a PEG ratio of 3.42 and a beta of 0.52.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. Easterly Government Properties had a net margin of 4.30% and a return on equity of 0.70%. The company had revenue of $39.40 million during the quarter, compared to analysts’ expectations of $39.59 million. During the same period in the prior year, the company posted $0.32 earnings per share. Easterly Government Properties’s revenue for the quarter was up 16.2% compared to the same quarter last year. As a group, research analysts anticipate that Easterly Government Properties Inc will post 1.17 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Thursday, December 13th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 5.76%. The ex-dividend date of this dividend is Wednesday, December 12th. Easterly Government Properties’s dividend payout ratio (DPR) is presently 82.54%.

Several research firms have recently weighed in on DEA. Zacks Investment Research upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Friday, November 2nd. ValuEngine cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th.

In other Easterly Government Properties news, Chairman Darrell W. Crate sold 400,000 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $19.65, for a total value of $7,860,000.00. Following the completion of the sale, the chairman now directly owns 45,000 shares in the company, valued at $884,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Darrell W. Crate sold 8,125 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $20.00, for a total transaction of $162,500.00. Following the completion of the sale, the chairman now owns 53,125 shares of the company’s stock, valued at $1,062,500. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 436,125 shares of company stock valued at $8,541,840. 14.90% of the stock is currently owned by corporate insiders.

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Easterly Government Properties Profile

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.

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

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