Arizona State Retirement System Raises Stock Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Arizona State Retirement System increased its position in Easterly Government Properties, Inc. (NYSE:DEA) by 3.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 27,221 shares of the real estate investment trust’s stock after purchasing an additional 859 shares during the period. Arizona State Retirement System’s holdings in Easterly Government Properties were worth $337,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Intrinsic Edge Capital Management LLC bought a new stake in Easterly Government Properties in the fourth quarter valued at $6,720,000. GW&K Investment Management LLC boosted its holdings in 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 valued at $32,713,000 after acquiring an additional 410,108 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in Easterly Government Properties by 14.3% in 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 in the last quarter. Kempner Capital Management Inc. bought a new stake in Easterly Government Properties in the second quarter valued at $3,181,000. Finally, Vanguard Group Inc. boosted its holdings in Easterly Government Properties by 1.6% in the first quarter. Vanguard Group Inc. now owns 11,009,182 shares of the real estate investment trust’s stock valued at $126,716,000 after acquiring an additional 175,750 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DEA has been the topic of several recent analyst reports. Truist Financial lifted their price target on shares of Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a report on Thursday, August 29th. StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Monday, August 26th.

Easterly Government Properties Stock Performance

Shares of DEA stock opened at $13.75 on Wednesday. Easterly Government Properties, Inc. has a 12 month low of $10.27 and a 12 month high of $14.36. The stock has a market cap of $1.42 billion, a PE ratio of 68.73 and a beta of 0.72. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 1.02. The company’s fifty day moving average price is $13.45 and its 200-day moving average price is $12.38.

Easterly Government Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 7.71%. The ex-dividend date of this dividend was Thursday, August 1st. Easterly Government Properties’s dividend payout ratio (DPR) is presently 530.00%.

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.