IndexIQ Advisors LLC Has $958,000 Stock Position in Easterly Government Properties Inc (NYSE:DEA)

IndexIQ Advisors LLC trimmed its position in Easterly Government Properties Inc (NYSE:DEA) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,384 shares of the real estate investment trust’s stock after selling 2,042 shares during the quarter. IndexIQ Advisors LLC owned about 0.05% of Easterly Government Properties worth $958,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of DEA. V3 Capital Management L.P. acquired a new stake in shares of Easterly Government Properties in the third quarter worth $42,334,000. BlackRock Inc. lifted its stake in shares of Easterly Government Properties by 8.1% in the second quarter. BlackRock Inc. now owns 11,660,213 shares of the real estate investment trust’s stock worth $211,167,000 after buying an additional 874,410 shares during the last quarter. State Street Corp lifted its stake in shares of Easterly Government Properties by 8.4% in the third quarter. State Street Corp now owns 4,007,248 shares of the real estate investment trust’s stock worth $85,354,000 after buying an additional 308,954 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Easterly Government Properties by 130.0% in the fourth quarter. New York State Common Retirement Fund now owns 389,246 shares of the real estate investment trust’s stock worth $9,237,000 after buying an additional 219,994 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its stake in shares of Easterly Government Properties by 13.4% in the third quarter. GW&K Investment Management LLC now owns 1,388,918 shares of the real estate investment trust’s stock worth $29,584,000 after buying an additional 163,810 shares during the last quarter. Institutional investors and hedge funds own 91.90% of the company’s stock.

A number of analysts have recently weighed in on DEA shares. Zacks Investment Research upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Wednesday, February 5th. SunTrust Banks cut shares of Easterly Government Properties from a “buy” rating to a “hold” rating and set a $23.00 target price for the company. in a research note on Wednesday, January 15th. Finally, Raymond James cut shares of Easterly Government Properties from an “outperform” rating to a “market perform” rating and set a $24.00 target price for the company. in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $23.80.

In related news, CEO William C. Trimble sold 9,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $23.51, for a total transaction of $211,590.00. Following the completion of the transaction, the chief executive officer now directly owns 103,014 shares in the company, valued at approximately $2,421,859.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 12.10% of the stock is owned by corporate insiders.

NYSE:DEA opened at $25.24 on Friday. The stock has a market cap of $1.86 billion, a P/E ratio of 20.69, a PEG ratio of 8.48 and a beta of 0.62. Easterly Government Properties Inc has a one year low of $17.20 and a one year high of $25.25. The company has a fifty day moving average price of $23.88 and a 200 day moving average price of $22.20. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.30 and a quick ratio of 2.30.

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.

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

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