State Board of Administration of Florida Retirement System Buys 3,493 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

State Board of Administration of Florida Retirement System raised its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA – Get Rating) by 14.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,971 shares of the real estate investment trust’s stock after buying an additional 3,493 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Easterly Government Properties were worth $385,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. U.S. Capital Wealth Advisors LLC bought a new stake in Easterly Government Properties during the fourth quarter valued at approximately $29,000. Lazard Asset Management LLC purchased a new position in shares of Easterly Government Properties during the 1st quarter worth $39,000. First Community Trust NA grew its position in shares of Easterly Government Properties by 68.2% during the 4th quarter. First Community Trust NA now owns 2,836 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 1,150 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Easterly Government Properties by 52.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,083 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 1,408 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Easterly Government Properties by 149.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 5,561 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 3,332 shares during the period. 86.38% of the stock is owned by institutional investors.

Easterly Government Properties Stock Performance

NYSE:DEA opened at $13.60 on Friday. The stock has a 50-day moving average price of $13.76 and a 200 day moving average price of $14.82. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.85. Easterly Government Properties, Inc. has a 12-month low of $12.27 and a 12-month high of $20.33. The stock has a market capitalization of $1.27 billion, a P/E ratio of 43.87 and a beta of 0.65.

Easterly Government Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 23rd. Shareholders of record on Thursday, May 11th will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date is Wednesday, May 10th. Easterly Government Properties’s dividend payout ratio (DPR) is currently 341.94%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Truist Financial cut their price target on Easterly Government Properties from $17.00 to $15.00 in a report on Monday, March 20th. Compass Point raised shares of Easterly Government Properties from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a report on Tuesday, March 28th. Finally, StockNews.com started coverage on shares of Easterly Government Properties in a report on Thursday. They set a “sell” rating on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.42.

About Easterly Government Properties

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Easterly Government Properties, Inc operates as a real estate investment trust. engages in the acquisition, development, and management of commercial properties that are leased to U.S. Government agencies. The company was founded on October 10, 2014 and is headquartered in Washington, DC.