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

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

Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Easterly Government Properties by 3.0% in the second quarter. BlackRock Inc. now owns 17,482,804 shares of the real estate investment trust’s stock valued at $253,501,000 after purchasing an additional 508,729 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Easterly Government Properties by 0.8% in 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 acquiring an additional 89,916 shares during the period. State Street Corp boosted its holdings in shares of Easterly Government Properties by 1.3% in the second quarter. State Street Corp now owns 5,943,747 shares of the real estate investment trust’s stock valued at $86,184,000 after acquiring an additional 78,575 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Easterly Government Properties by 5.0% in the second quarter. Geode Capital Management LLC now owns 2,060,156 shares of the real estate investment trust’s stock valued at $29,872,000 after acquiring an additional 97,570 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in shares of Easterly Government Properties by 4.4% in the first quarter. Federated Hermes Inc. now owns 1,910,930 shares of the real estate investment trust’s stock valued at $40,397,000 after acquiring an additional 80,930 shares during the period. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Easterly Government Properties Price Performance

DEA stock opened at $11.59 on Friday. 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 business has a 50 day simple moving average of $11.52 and a 200-day simple moving average of $11.95. Easterly Government Properties, Inc. has a twelve month low of $10.27 and a twelve month high of $15.21. The company has a market capitalization of $1.19 billion, a P/E ratio of 61.00 and a beta of 0.67.

Easterly Government Properties Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 9.15%. The ex-dividend date of this dividend was Tuesday, March 5th. Easterly Government Properties’s dividend payout ratio is presently 557.92%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a 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.