Easterly Government Properties, Inc. (NYSE:DEA) Holdings Boosted by Marshall Wace LLP

Marshall Wace LLP raised its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 69.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 123,963 shares of the real estate investment trust’s stock after acquiring an additional 51,012 shares during the period. Marshall Wace LLP owned 0.12% of Easterly Government Properties worth $1,533,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in DEA. GAMMA Investing LLC grew its stake in Easterly Government Properties by 56.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 1,086 shares during the last quarter. Security National Bank bought a new position in shares of Easterly Government Properties during the fourth quarter worth about $86,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Easterly Government Properties in the 1st quarter worth about $89,000. Sunbelt Securities Inc. increased its holdings in shares of Easterly Government Properties by 365.1% in the 1st quarter. Sunbelt Securities Inc. now owns 10,000 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 7,850 shares during the period. Finally, National Bank of Canada FI bought a new stake in Easterly Government Properties in the 2nd quarter valued at about $115,000. 86.51% of the stock is owned by institutional investors.

Easterly Government Properties Stock Performance

DEA stock opened at $13.29 on Friday. The company has a 50-day simple moving average of $13.48 and a 200 day simple moving average of $12.55. The company has a market capitalization of $1.37 billion, a P/E ratio of 66.45 and a beta of 0.72. 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, Inc. has a fifty-two week low of $10.27 and a fifty-two week high of $14.36.

Easterly Government Properties Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 7.98%. The ex-dividend date was Thursday, August 1st. Easterly Government Properties’s dividend payout ratio is currently 530.00%.

Analysts Set New Price Targets

Several equities research analysts have commented on DEA shares. StockNews.com lowered shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Thursday, September 26th. Truist Financial raised their target price on Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a research 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.