Bank of New York Mellon Corp Has $14.15 Million Stake in Easterly Government Properties, Inc. (NYSE:DEA)

Bank of New York Mellon Corp increased its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 9.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,144,075 shares of the real estate investment trust’s stock after purchasing an additional 102,521 shares during the quarter. Bank of New York Mellon Corp’s holdings in Easterly Government Properties were worth $14,152,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its position in shares of Easterly Government Properties by 9.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,652,959 shares of the real estate investment trust’s stock valued at $22,216,000 after purchasing an additional 140,841 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Easterly Government Properties by 5.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,516,641 shares of the real estate investment trust’s stock worth $17,457,000 after acquiring an additional 71,939 shares during the last quarter. Westwood Holdings Group Inc. boosted its holdings in Easterly Government Properties by 14.3% during the fourth 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 acquiring an additional 320,633 shares during the period. Aurora Investment Managers LLC. grew its position in shares of Easterly Government Properties by 88.0% in the first quarter. Aurora Investment Managers LLC. now owns 204,134 shares of the real estate investment trust’s stock valued at $2,350,000 after purchasing an additional 95,526 shares during the last quarter. Finally, GW&K Investment Management LLC increased its stake in shares of Easterly Government Properties by 20.3% in the fourth 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 during the period. Institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on DEA. Truist Financial increased their target price on Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Thursday, August 29th. StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Monday, August 26th.

Easterly Government Properties Stock Down 0.4 %

Shares of DEA opened at $13.36 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.57 and a current ratio of 3.57. The company has a 50-day simple moving average of $13.31 and a 200-day simple moving average of $12.29. Easterly Government Properties, Inc. has a 52 week low of $10.27 and a 52 week high of $14.36. The firm has a market capitalization of $1.38 billion, a P/E ratio of 66.80 and a beta of 0.72.

Easterly Government Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Thursday, August 1st were issued a $0.265 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.06 annualized dividend and a yield of 7.93%. Easterly Government Properties’s dividend payout ratio (DPR) is 530.00%.

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.