BTC Capital Management Inc. Buys Shares of 19,849 Easterly Government Properties, Inc. (NYSE:DEA)

BTC Capital Management Inc. bought a new position in Easterly Government Properties, Inc. (NYSE:DEA) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,849 shares of the real estate investment trust’s stock, valued at approximately $228,000.

Several other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Easterly Government Properties by 9.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,652,959 shares of the real estate investment trust’s stock worth $22,216,000 after acquiring an additional 140,841 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Easterly Government Properties by 0.8% during the third quarter. Vanguard Group Inc. now owns 10,803,114 shares of the real estate investment trust’s stock worth $123,480,000 after purchasing an additional 89,916 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of Easterly Government Properties by 14.3% during the 4th quarter. Westwood Holdings Group Inc. now owns 2,567,196 shares of the real estate investment trust’s stock valued at $34,503,000 after purchasing an additional 320,633 shares during the last quarter. GW&K Investment Management LLC boosted its position in shares of Easterly Government Properties by 20.3% in the 4th quarter. GW&K Investment Management LLC now owns 2,434,048 shares of the real estate investment trust’s stock worth $32,713,000 after purchasing an additional 410,108 shares in the last quarter. Finally, Abacus Planning Group Inc. purchased a new position in Easterly Government Properties during the 4th quarter worth $6,555,000. 86.51% of the stock is owned by hedge funds and other institutional investors.

Easterly Government Properties Stock Up 0.6 %

Easterly Government Properties stock opened at $12.17 on Friday. The business’s 50-day simple moving average is $11.87 and its two-hundred day simple moving average is $12.16. The company has a debt-to-equity ratio of 0.98, a quick ratio of 4.31 and a current ratio of 4.31. The company has a market cap of $1.25 billion, a PE ratio of 60.85 and a beta of 0.69. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Thursday, May 9th were given a $0.265 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $1.06 dividend on an annualized basis and a yield of 8.71%. Easterly Government Properties’s dividend payout ratio is currently 530.00%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd.

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.