Raymond James Financial Services Advisors Inc. Reduces Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Raymond James Financial Services Advisors Inc. lowered its position in Easterly Government Properties, Inc. (NYSE:DEA) by 10.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,114 shares of the real estate investment trust’s stock after selling 2,916 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Easterly Government Properties were worth $324,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Republic Investment Management Inc. increased its stake in shares of Easterly Government Properties by 1.8% in the first quarter. First Republic Investment Management Inc. now owns 39,122 shares of the real estate investment trust’s stock worth $827,000 after purchasing an additional 707 shares in the last quarter. First National Bank of Omaha boosted its holdings in Easterly Government Properties by 0.4% in the 2nd quarter. First National Bank of Omaha now owns 192,687 shares of the real estate investment trust’s stock worth $2,794,000 after buying an additional 732 shares during the period. Teacher Retirement System of Texas grew its stake in Easterly Government Properties by 3.2% in the 4th quarter. Teacher Retirement System of Texas now owns 29,838 shares of the real estate investment trust’s stock valued at $426,000 after buying an additional 928 shares in the last quarter. Hancock Whitney Corp raised its holdings in Easterly Government Properties by 7.1% during the 1st quarter. Hancock Whitney Corp now owns 14,832 shares of the real estate investment trust’s stock valued at $204,000 after acquiring an additional 986 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Easterly Government Properties by 2.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,745 shares of the real estate investment trust’s stock valued at $738,000 after acquiring an additional 1,253 shares during the period. 86.51% of the stock is currently owned by institutional investors.

Easterly Government Properties Trading Up 1.5 %

Shares of DEA opened at $11.59 on Monday. The business’s 50-day moving average price is $11.52 and its 200-day moving average price is $11.96. The company has a quick ratio of 4.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.92. Easterly Government Properties, Inc. has a twelve month low of $10.27 and a twelve month high of $15.21. The stock has a market cap of $1.19 billion, a PE ratio of 61.00 and a beta of 0.67.

Easterly Government Properties Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.