Sargent Investment Group LLC Sells 14,685 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

Sargent Investment Group LLC reduced its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 15.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,795 shares of the real estate investment trust’s stock after selling 14,685 shares during the period. Sargent Investment Group LLC’s holdings in Easterly Government Properties were worth $1,072,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Truist Financial Corp grew its holdings in Easterly Government Properties by 22.8% during the fourth quarter. Truist Financial Corp now owns 179,092 shares of the real estate investment trust’s stock valued at $2,407,000 after purchasing an additional 33,248 shares during the period. CWM LLC boosted its position in shares of Easterly Government Properties by 130.9% during the fourth quarter. CWM LLC now owns 4,338 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 2,459 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Easterly Government Properties by 716.3% in the 4th quarter. Signaturefd LLC now owns 7,649 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 6,712 shares during the period. Cornerstone Investment Partners LLC bought a new stake in shares of Easterly Government Properties in the 4th quarter valued at $176,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Easterly Government Properties by 94.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 92,679 shares of the real estate investment trust’s stock worth $1,246,000 after buying an additional 45,047 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

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.

Easterly Government Properties Stock Down 0.3 %

DEA traded down $0.03 during trading on Friday, reaching $11.69. The company had a trading volume of 1,170,804 shares, compared to its average volume of 820,028. The company has a market cap of $1.20 billion, a P/E ratio of 61.53 and a beta of 0.67. Easterly Government Properties, Inc. has a 12 month low of $10.27 and a 12 month high of $15.21. The company has a debt-to-equity ratio of 0.92, a current ratio of 4.65 and a quick ratio of 4.65. The business’s fifty day moving average price is $11.53 and its 200 day moving average price is $11.97.

Easterly Government Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Thursday, May 9th will be given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 9.07%. The ex-dividend date 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.