Public Sector Pension Investment Board Buys 29,066 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

Public Sector Pension Investment Board increased its position in Easterly Government Properties, Inc. (NYSE:DEA) by 14.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,613 shares of the real estate investment trust’s stock after purchasing an additional 29,066 shares during the period. Public Sector Pension Investment Board owned approximately 0.22% of Easterly Government Properties worth $2,803,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DEA. Advisory Services Network LLC lifted its stake in shares of Easterly Government Properties by 39.8% in the fourth quarter. Advisory Services Network LLC now owns 21,695 shares of the real estate investment trust’s stock worth $292,000 after buying an additional 6,174 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Easterly Government Properties by 4.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 107,300 shares of the real estate investment trust’s stock valued at $1,442,000 after purchasing an additional 4,700 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Easterly Government Properties in the 4th quarter worth $412,000. Westwood Holdings Group Inc. raised its stake in shares of 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 worth $34,503,000 after purchasing an additional 320,633 shares during the last quarter. Finally, Security National Bank bought a new position in shares of Easterly Government Properties during the fourth quarter valued at $86,000. Institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DEA shares. StockNews.com downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Thursday. Truist Financial boosted their price objective 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.

Easterly Government Properties Stock Performance

DEA stock opened at $13.45 on Friday. The company has a market cap of $1.39 billion, a P/E ratio of 67.25 and a beta of 0.72. The company has a debt-to-equity ratio of 1.02, a current ratio of 3.57 and a quick ratio of 3.57. Easterly Government Properties, Inc. has a 1 year low of $10.27 and a 1 year high of $14.36. The stock’s fifty day moving average price is $13.51 and its 200-day moving average price is $12.49.

Easterly Government Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Thursday, August 1st were paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 7.88%. The ex-dividend date was Thursday, August 1st. Easterly Government Properties’s dividend payout ratio (DPR) is presently 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.