Easterly Government Properties, Inc. (NYSE:DEA) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its position in Easterly Government Properties, Inc. (NYSE:DEA) by 72.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 209,096 shares of the real estate investment trust’s stock after selling 545,774 shares during the period. Federated Hermes Inc.’s holdings in Easterly Government Properties were worth $2,810,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its stake in shares of Easterly Government Properties by 1.0% in the fourth quarter. State of Alaska Department of Revenue now owns 103,623 shares of the real estate investment trust’s stock worth $1,392,000 after acquiring an additional 982 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Easterly Government Properties by 0.4% in the third quarter. Eagle Asset Management Inc. now owns 366,417 shares of the real estate investment trust’s stock worth $4,188,000 after acquiring an additional 1,367 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Easterly Government Properties by 4.8% in the third quarter. Nisa Investment Advisors LLC now owns 37,405 shares of the real estate investment trust’s stock worth $428,000 after acquiring an additional 1,708 shares during the last quarter. Trivant Custom Portfolio Group LLC boosted its stake in Easterly Government Properties by 24.5% during the fourth quarter. Trivant Custom Portfolio Group LLC now owns 8,712 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 1,712 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in Easterly Government Properties by 8.7% during the fourth quarter. Koshinski Asset Management Inc. now owns 22,766 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 1,826 shares during the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Easterly Government Properties Stock Performance

NYSE DEA opened at $11.69 on Friday. The stock’s fifty day moving average is $11.53 and its two-hundred day moving average is $11.97. The firm has a market capitalization of $1.20 billion, a P/E ratio of 61.53 and a beta of 0.67. The company has a debt-to-equity ratio of 0.92, a quick ratio of 4.65 and a current ratio of 4.65. Easterly Government Properties, Inc. has a fifty-two week low of $10.27 and a fifty-two week high of $15.21.

Easterly Government Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Thursday, May 9th will be paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 9.07%. The ex-dividend date of this dividend is Wednesday, May 8th. Easterly Government Properties’s dividend payout ratio (DPR) is currently 557.92%.

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.