Employees Retirement System of Texas Takes $1.57 Million Position in Easterly Government Properties, Inc. (NYSE:DEA)

Employees Retirement System of Texas acquired a new stake in Easterly Government Properties, Inc. (NYSE:DEA) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 127,000 shares of the real estate investment trust’s stock, valued at approximately $1,571,000.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC lifted its holdings in shares of Easterly Government Properties by 22.3% during the second quarter. AQR Capital Management LLC now owns 32,453 shares of the real estate investment trust’s stock valued at $401,000 after purchasing an additional 5,920 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Easterly Government Properties by 69.9% during the second quarter. Marshall Wace LLP now owns 123,963 shares of the real estate investment trust’s stock valued at $1,533,000 after purchasing an additional 51,012 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Easterly Government Properties by 20.7% during the second quarter. Evergreen Capital Management LLC now owns 14,102 shares of the real estate investment trust’s stock valued at $174,000 after purchasing an additional 2,418 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Easterly Government Properties by 14.7% during the second quarter. Public Sector Pension Investment Board now owns 226,613 shares of the real estate investment trust’s stock valued at $2,803,000 after purchasing an additional 29,066 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Easterly Government Properties by 3.5% during the second quarter. Thrivent Financial for Lutherans now owns 85,504 shares of the real estate investment trust’s stock valued at $1,058,000 after purchasing an additional 2,915 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DEA. Truist Financial upped their target price on 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 lowered Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Thursday.

Easterly Government Properties Stock Down 1.0 %

NYSE:DEA opened at $13.44 on Friday. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 67.20 and a beta of 0.72. Easterly Government Properties, Inc. has a 1-year low of $10.27 and a 1-year high of $14.36. 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 business’s fifty day moving average price is $13.51 and its 200 day moving average price is $12.47.

Easterly Government Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Thursday, August 1st were given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 7.89%. The ex-dividend date was Thursday, August 1st. Easterly Government Properties’s payout ratio is 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.