Pictet Asset Management SA Purchases 3,187 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

Pictet Asset Management SA lifted its position in Easterly Government Properties, Inc. (NYSE:DEAGet Rating) by 9.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 36,208 shares of the real estate investment trust’s stock after acquiring an additional 3,187 shares during the quarter. Pictet Asset Management SA’s holdings in Easterly Government Properties were worth $689,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DEA. State Street Corp increased its holdings in shares of Easterly Government Properties by 12.7% in the first quarter. State Street Corp now owns 5,465,836 shares of the real estate investment trust’s stock worth $115,548,000 after purchasing an additional 614,888 shares during the last quarter. Gilman Hill Asset Management LLC bought a new stake in shares of Easterly Government Properties in the second quarter worth about $7,932,000. American Century Companies Inc. increased its holdings in shares of Easterly Government Properties by 18.7% in the first quarter. American Century Companies Inc. now owns 1,499,851 shares of the real estate investment trust’s stock worth $31,707,000 after purchasing an additional 236,241 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Easterly Government Properties by 149.7% in the second quarter. Russell Investments Group Ltd. now owns 386,273 shares of the real estate investment trust’s stock worth $7,352,000 after purchasing an additional 231,608 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Easterly Government Properties by 379.6% in the second quarter. Janney Montgomery Scott LLC now owns 110,444 shares of the real estate investment trust’s stock worth $2,103,000 after acquiring an additional 87,417 shares in the last quarter. 85.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Truist Financial dropped their price target on Easterly Government Properties from $21.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, September 14th. Royal Bank of Canada dropped their price target on Easterly Government Properties from $20.00 to $17.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 19th. Compass Point lowered Easterly Government Properties from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a research report on Thursday, November 3rd. TheStreet lowered Easterly Government Properties from a “b-” rating to a “c+” rating in a research report on Thursday, September 22nd. Finally, StockNews.com assumed coverage on Easterly Government Properties in a research report on Wednesday, October 12th. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $19.60.

Easterly Government Properties Stock Down 1.3 %

Shares of NYSE:DEA opened at $15.69 on Thursday. Easterly Government Properties, Inc. has a 1 year low of $14.80 and a 1 year high of $23.65. The business has a 50 day simple moving average of $16.18 and a two-hundred day simple moving average of $18.03. The firm has a market capitalization of $1.42 billion, a PE ratio of 62.76 and a beta of 0.61. The company has a debt-to-equity ratio of 0.97, a current ratio of 4.15 and a quick ratio of 4.15.

Easterly Government Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Friday, November 11th were given a dividend of $0.265 per share. The ex-dividend date was Wednesday, November 9th. This represents a $1.06 annualized dividend and a dividend yield of 6.76%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 424.02%.

About Easterly Government Properties

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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.

Further Reading

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

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