Citadel Advisors LLC trimmed its stake in shares of Easterly Government Properties Inc (NYSE:DEA) by 22.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 300,694 shares of the real estate investment trust’s stock after selling 88,230 shares during the period. Citadel Advisors LLC’s holdings in Easterly Government Properties were worth $5,825,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Glen Harbor Capital Management LLC grew its stake in Easterly Government Properties by 61.7% during the second quarter. Glen Harbor Capital Management LLC now owns 7,150 shares of the real estate investment trust’s stock valued at $141,000 after acquiring an additional 2,728 shares in the last quarter. California Public Employees Retirement System grew its stake in Easterly Government Properties by 17.2% during the second quarter. California Public Employees Retirement System now owns 19,559 shares of the real estate investment trust’s stock valued at $386,000 after acquiring an additional 2,867 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Easterly Government Properties by 26.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,277 shares of the real estate investment trust’s stock valued at $277,000 after acquiring an additional 3,012 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Easterly Government Properties by 109.0% during the third quarter. PNC Financial Services Group Inc. now owns 5,874 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 3,064 shares in the last quarter. Finally, Riverhead Capital Management LLC grew its stake in Easterly Government Properties by 62.0% during the second quarter. Riverhead Capital Management LLC now owns 8,100 shares of the real estate investment trust’s stock valued at $160,000 after acquiring an additional 3,100 shares in the last quarter.

DEA has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Monday, September 24th. ValuEngine cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Finally, Boenning Scattergood initiated coverage on shares of Easterly Government Properties in a research note on Wednesday, November 28th. They issued an “outperform” rating and a $23.00 price objective for the company.

Shares of NYSE:DEA opened at $18.38 on Friday. Easterly Government Properties Inc has a 52 week low of $17.39 and a 52 week high of $22.32. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 5.23 and a beta of 0.51. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.98 and a quick ratio of 0.98.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. Easterly Government Properties had a net margin of 4.30% and a return on equity of 0.70%. The business had revenue of $39.40 million during the quarter, compared to analysts’ expectations of $39.59 million. During the same period last year, the company posted $0.32 EPS. The business’s revenue was up 16.2% on a year-over-year basis. As a group, research analysts expect that Easterly Government Properties Inc will post 1.18 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Thursday, December 13th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, December 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.66%. Easterly Government Properties’s payout ratio is currently 82.54%.

In other Easterly Government Properties news, CAO Alison M. Bernard sold 10,000 shares of Easterly Government Properties stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $17.77, for a total value of $177,700.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,501 shares of the company’s stock, valued at approximately $186,602.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William C. Trimble sold 9,000 shares of Easterly Government Properties stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $18.00, for a total transaction of $162,000.00. Following the completion of the transaction, the chief executive officer now directly owns 90,713 shares of the company’s stock, valued at $1,632,834. The disclosure for this sale can be found here. Insiders sold a total of 436,125 shares of company stock valued at $8,541,840 over the last three months. Corporate insiders own 14.90% of the company’s stock.

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Easterly Government Properties Company 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.

Further Reading: Analyst Ratings

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

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