Dimensional Fund Advisors LP Increases Stock Position in Easterly Government Properties, Inc. (NYSE:DEA)

Dimensional Fund Advisors LP lifted its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 0.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,361,719 shares of the real estate investment trust’s stock after purchasing an additional 9,738 shares during the period. Dimensional Fund Advisors LP’s holdings in Easterly Government Properties were worth $16,844,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DEA. Vanguard Group Inc. raised its position 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 purchasing an additional 175,750 shares during the period. Westwood Holdings Group Inc. lifted its position in 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 worth $34,503,000 after acquiring an additional 320,633 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Easterly Government Properties by 1.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,853,260 shares of the real estate investment trust’s stock worth $22,925,000 after acquiring an additional 21,795 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Easterly Government Properties by 5.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,516,641 shares of the real estate investment trust’s stock valued at $17,457,000 after acquiring an additional 71,939 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Easterly Government Properties by 9.8% during the second quarter. Bank of New York Mellon Corp now owns 1,144,075 shares of the real estate investment trust’s stock valued at $14,152,000 after purchasing an additional 102,521 shares during the period. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Thursday, September 26th. Truist Financial upped their price objective on shares of Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Thursday, August 29th.

Easterly Government Properties Trading Down 0.3 %

Shares of DEA opened at $13.30 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. Easterly Government Properties, Inc. has a one year low of $10.27 and a one year high of $14.36. The stock has a 50-day moving average price of $13.49 and a 200 day moving average price of $12.54. The company has a market capitalization of $1.37 billion, a P/E ratio of 66.90 and a beta of 0.72.

Easterly Government Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Thursday, August 1st were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 7.97%. The ex-dividend date was Thursday, August 1st. Easterly Government Properties’s payout ratio is currently 530.00%.

About Easterly Government Properties

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.