Easterly Government Properties, Inc. (NYSE:DEA) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC grew its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 16.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,685 shares of the real estate investment trust’s stock after buying an additional 12,413 shares during the quarter. Hsbc Holdings PLC’s holdings in Easterly Government Properties were worth $1,071,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Easterly Government Properties by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 11,009,182 shares of the real estate investment trust’s stock valued at $126,716,000 after buying an additional 175,750 shares during the period. Westwood Holdings Group Inc. increased its stake in Easterly Government Properties by 14.3% in 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 in the last quarter. Victory Capital Management Inc. raised its holdings in Easterly Government Properties by 1.2% during the second quarter. Victory Capital Management Inc. now owns 1,853,260 shares of the real estate investment trust’s stock worth $22,925,000 after purchasing an additional 21,795 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Easterly Government Properties by 5.0% during the first 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 purchasing an additional 71,939 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Easterly Government Properties by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,361,719 shares of the real estate investment trust’s stock worth $16,844,000 after purchasing an additional 9,738 shares in the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Easterly Government Properties Price Performance

Shares of NYSE:DEA opened at $13.45 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 business’s fifty day moving average price is $13.51 and its two-hundred day moving average price is $12.49. The stock has a market cap of $1.39 billion, a PE ratio of 67.25 and a beta of 0.72. Easterly Government Properties, Inc. has a one year low of $10.27 and a one year high of $14.36.

Easterly Government Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders 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 7.88%. The ex-dividend date of this dividend was Thursday, August 1st. Easterly Government Properties’s payout ratio is 530.00%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DEA. Truist Financial lifted their price target on Easterly Government Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Thursday, August 29th. StockNews.com cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Thursday.

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.