Louisiana State Employees Retirement System Makes New $640,000 Investment in Easterly Government Properties, Inc. (NYSE:DEA)

Louisiana State Employees Retirement System acquired a new position in shares of Easterly Government Properties, Inc. (NYSE:DEA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 47,600 shares of the real estate investment trust’s stock, valued at approximately $640,000.

A number of other institutional investors also recently made changes to their positions in the company. Consolidated Portfolio Review Corp boosted its holdings in shares of Easterly Government Properties by 43.6% during the fourth quarter. Consolidated Portfolio Review Corp now owns 44,161 shares of the real estate investment trust’s stock worth $594,000 after acquiring an additional 13,405 shares during the period. Koshinski Asset Management Inc. boosted its stake in shares of Easterly Government Properties by 8.7% in the fourth quarter. Koshinski Asset Management Inc. now owns 22,766 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 1,826 shares during the period. Xcel Wealth Management LLC boosted its stake in shares of Easterly Government Properties by 18.5% in the fourth quarter. Xcel Wealth Management LLC now owns 180,700 shares of the real estate investment trust’s stock valued at $2,429,000 after buying an additional 28,250 shares during the period. Cerity Partners LLC bought a new stake in shares of Easterly Government Properties in the fourth quarter valued at approximately $136,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Easterly Government Properties in the fourth quarter valued at approximately $161,000. Institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Stock Down 0.3 %

NYSE DEA opened at $11.69 on Monday. The business has a fifty day moving average price of $11.53 and a two-hundred day moving average price of $11.97. The company has a debt-to-equity ratio of 0.92, a current ratio of 4.65 and a quick 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. The stock has a market capitalization of $1.20 billion, a PE ratio of 61.53 and a beta of 0.67.

Easterly Government Properties Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 9.07%. The ex-dividend date of this dividend is Wednesday, May 8th. Easterly Government Properties’s payout ratio is presently 557.92%.

Analysts Set New Price Targets

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