Oppenheimer Asset Management Inc. Has $639,000 Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Oppenheimer Asset Management Inc. grew its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 18.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,625 shares of the real estate investment trust’s stock after acquiring an additional 8,015 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.05% of Easterly Government Properties worth $639,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of DEA. Meeder Asset Management Inc. bought a new stake in Easterly Government Properties in the 2nd quarter valued at $252,000. Daiwa Securities Group Inc. lifted its stake in shares of Easterly Government Properties by 2.7% in the second quarter. Daiwa Securities Group Inc. now owns 31,873 shares of the real estate investment trust’s stock valued at $394,000 after buying an additional 842 shares during the period. Arizona State Retirement System grew its position in Easterly Government Properties by 3.3% during the second quarter. Arizona State Retirement System now owns 27,221 shares of the real estate investment trust’s stock worth $337,000 after buying an additional 859 shares in the last quarter. Victory Capital Management Inc. increased its stake 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 valued at $22,925,000 after acquiring an additional 21,795 shares during the period. Finally, National Bank of Canada FI acquired a new position in Easterly Government Properties in the 2nd quarter valued at approximately $115,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Easterly Government Properties Stock Down 1.1 %

Shares of DEA opened at $13.61 on Friday. Easterly Government Properties, Inc. has a 12 month low of $10.27 and a 12 month high of $14.36. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 68.03 and a beta of 0.72. The company has a 50-day moving average price of $13.51 and a two-hundred day moving average price of $12.41. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 1.02.

Easterly Government Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Thursday, August 1st were paid a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 7.79%. The ex-dividend date was Thursday, August 1st. Easterly Government Properties’s dividend payout ratio is 530.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DEA. StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Monday, August 26th. Truist Financial boosted their price target 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 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.