Bessemer Group Inc. Sells 36,800 Shares of Easterly Government Properties, Inc. (DEA)

Bessemer Group Inc. decreased its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 57.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,500 shares of the real estate investment trust’s stock after selling 36,800 shares during the period. Bessemer Group Inc. owned 0.07% of Easterly Government Properties worth $568,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisor Group Inc. lifted its holdings in shares of Easterly Government Properties by 30.8% in the 2nd quarter. Advisor Group Inc. now owns 5,625 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 1,326 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Easterly Government Properties by 7.8% in the 2nd quarter. Legal & General Group Plc now owns 8,528 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 619 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Easterly Government Properties in the 3rd quarter worth approximately $209,000. Prudential Financial Inc. bought a new stake in shares of Easterly Government Properties in the 1st quarter worth approximately $202,000. Finally, Dubuque Bank & Trust Co. lifted its holdings in shares of Easterly Government Properties by 8.7% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 11,697 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 940 shares during the last quarter. 85.40% of the stock is currently owned by institutional investors and hedge funds.

DEA has been the topic of several recent research reports. BidaskClub downgraded Easterly Government Properties from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Zacks Investment Research downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $24.00 price target on shares of Easterly Government Properties in a report on Tuesday, October 10th.

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Shares of Easterly Government Properties, Inc. (DEA) opened at $20.82 on Friday. Easterly Government Properties, Inc. has a 1-year low of $18.56 and a 1-year high of $21.81. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $912.58, a P/E ratio of 16.64 and a beta of 0.55.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Wednesday, December 6th will be given a $0.26 dividend. This is a boost from Easterly Government Properties’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 5.00%. The ex-dividend date is Tuesday, December 5th. Easterly Government Properties’s dividend payout ratio (DPR) is currently 1,000.00%.

About Easterly Government Properties

Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).

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

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