Easterly Government Properties, Inc. (NYSE:DEA) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its position in Easterly Government Properties, Inc. (NYSE:DEAGet Rating) by 11.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 653,801 shares of the real estate investment trust’s stock after buying an additional 69,587 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.72% of Easterly Government Properties worth $13,822,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. M&R Capital Management Inc. grew its stake in shares of Easterly Government Properties by 3.2% in the first quarter. M&R Capital Management Inc. now owns 18,652 shares of the real estate investment trust’s stock valued at $394,000 after buying an additional 570 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Easterly Government Properties by 0.9% in the first quarter. Los Angeles Capital Management LLC now owns 69,263 shares of the real estate investment trust’s stock valued at $1,464,000 after buying an additional 627 shares in the last quarter. Princeton Capital Management LLC grew its stake in shares of Easterly Government Properties by 7.1% in the first quarter. Princeton Capital Management LLC now owns 10,264 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 680 shares in the last quarter. First Republic Investment Management Inc. grew its stake in shares of Easterly Government Properties by 1.8% in the first quarter. First Republic Investment Management Inc. now owns 39,122 shares of the real estate investment trust’s stock valued at $827,000 after buying an additional 707 shares in the last quarter. Finally, UMB Bank N A MO grew its stake in shares of Easterly Government Properties by 54.9% in the first quarter. UMB Bank N A MO now owns 2,105 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 746 shares in the last quarter. 85.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DEA has been the subject of several analyst reports. Compass Point lowered their target price on Easterly Government Properties to $25.00 in a research note on Tuesday, August 9th. Truist Financial lowered their target price on Easterly Government Properties from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, September 14th. Jefferies Financial Group lowered their target price on Easterly Government Properties from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, June 30th. Royal Bank of Canada lowered their target price on Easterly Government Properties from $21.00 to $20.00 and set a “sector perform” rating for the company in a research note on Monday, August 29th. Finally, StockNews.com cut Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.80.

Easterly Government Properties Stock Down 0.3 %

DEA opened at $17.84 on Tuesday. The business has a 50 day moving average price of $18.81 and a two-hundred day moving average price of $19.46. The company has a quick ratio of 4.58, a current ratio of 4.58 and a debt-to-equity ratio of 0.93. The company has a market cap of $1.62 billion, a PE ratio of 54.06 and a beta of 0.54. Easterly Government Properties, Inc. has a 52 week low of $17.48 and a 52 week high of $23.65.

Easterly Government Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 23rd. Investors of record on Thursday, August 11th were issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date of this dividend was Wednesday, August 10th. Easterly Government Properties’s dividend payout ratio is currently 321.22%.

Easterly Government Properties Profile

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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.

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Institutional Ownership by Quarter for Easterly Government Properties (NYSE:DEA)

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