Easterly Government Properties, Inc. (NYSE:DEA) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC grew its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 22.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,453 shares of the real estate investment trust’s stock after buying an additional 5,920 shares during the period. AQR Capital Management LLC’s holdings in Easterly Government Properties were worth $401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of DEA. Vanguard Group Inc. increased its position in Easterly Government Properties by 1.6% during the first quarter. Vanguard Group Inc. now owns 11,009,182 shares of the real estate investment trust’s stock worth $126,716,000 after purchasing an additional 175,750 shares during the last quarter. Victory Capital Management Inc. boosted 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 worth $22,925,000 after buying an additional 21,795 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Easterly Government Properties by 5.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,516,641 shares of the real estate investment trust’s stock worth $17,457,000 after buying an additional 71,939 shares during the period. Dimensional Fund Advisors LP boosted its stake in Easterly Government Properties by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,361,719 shares of the real estate investment trust’s stock worth $16,844,000 after buying an additional 9,738 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Easterly Government Properties by 9.8% during the second quarter. Bank of New York Mellon Corp now owns 1,144,075 shares of the real estate investment trust’s stock worth $14,152,000 after buying an additional 102,521 shares during the period. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Easterly Government Properties Price Performance

DEA stock opened at $13.95 on Wednesday. The firm has a 50 day moving average of $13.44 and a 200-day moving average of $12.67. Easterly Government Properties, Inc. has a 12-month low of $10.27 and a 12-month high of $14.36. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 1.02. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 69.73 and a beta of 0.72.

Easterly Government Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Thursday, August 1st were given a dividend of $0.265 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.06 dividend on an annualized basis and a yield of 7.60%. Easterly Government Properties’s dividend payout ratio (DPR) is 530.00%.

Wall Street Analysts Forecast Growth

DEA has been the topic of several recent research reports. Truist Financial upped their target price on shares of Easterly Government Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Thursday, August 29th. StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group upgraded Easterly Government Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $13.00 to $15.00 in a research note on Monday.

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.