13,062 Shares in Easterly Government Properties, Inc. (NYSE:DEA) Bought by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC bought a new stake in Easterly Government Properties, Inc. (NYSE:DEA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,062 shares of the real estate investment trust’s stock, valued at approximately $176,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Easterly Government Properties by 0.8% during the third quarter. Vanguard Group Inc. now owns 10,803,114 shares of the real estate investment trust’s stock valued at $123,480,000 after purchasing an additional 89,916 shares during the period. Abacus Planning Group Inc. acquired a new stake in shares of Easterly Government Properties in the 4th quarter worth about $6,555,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Easterly Government Properties by 2,550.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 2,200 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 2,117 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Easterly Government Properties by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,512,118 shares of the real estate investment trust’s stock worth $17,284,000 after acquiring an additional 54,521 shares during the last quarter. Finally, Aurora Investment Managers LLC. raised its holdings in shares of Easterly Government Properties by 36.9% in the 4th quarter. Aurora Investment Managers LLC. now owns 108,608 shares of the real estate investment trust’s stock worth $1,460,000 after acquiring an additional 29,251 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Easterly Government Properties Stock Performance

Shares of DEA stock opened at $11.59 on Friday. The stock has a market capitalization of $1.19 billion, a P/E ratio of 61.00 and a beta of 0.67. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.92. The firm’s 50 day moving average is $11.52 and its 200 day moving average is $11.95. Easterly Government Properties, Inc. has a 12 month low of $10.27 and a 12 month high of $15.21.

Easterly Government Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Wednesday, March 6th were paid a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 9.15%. The ex-dividend date was Tuesday, March 5th. Easterly Government Properties’s dividend payout ratio is presently 557.92%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd.

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.