Rhumbline Advisers Has $4.26 Million Position in Easterly Government Properties, Inc. (NYSE:DEA)

Rhumbline Advisers grew its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 344,577 shares of the real estate investment trust’s stock after acquiring an additional 11,619 shares during the quarter. Rhumbline Advisers owned 0.33% of Easterly Government Properties worth $4,262,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DEA. GAMMA Investing LLC grew its position in Easterly Government Properties by 56.6% in the second quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,086 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of Easterly Government Properties by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 83,319 shares of the real estate investment trust’s stock valued at $959,000 after acquiring an additional 1,114 shares during the last quarter. Van ECK Associates Corp raised its holdings in Easterly Government Properties by 7.7% during the second quarter. Van ECK Associates Corp now owns 17,370 shares of the real estate investment trust’s stock worth $215,000 after acquiring an additional 1,237 shares in the last quarter. ProShare Advisors LLC boosted its position in Easterly Government Properties by 7.4% during the first quarter. ProShare Advisors LLC now owns 19,316 shares of the real estate investment trust’s stock valued at $222,000 after purchasing an additional 1,330 shares during the last quarter. Finally, Maryland State Retirement & Pension System grew its stake in Easterly Government Properties by 4.4% in the second quarter. Maryland State Retirement & Pension System now owns 35,912 shares of the real estate investment trust’s stock valued at $444,000 after purchasing an additional 1,504 shares in the last quarter. 86.51% of the stock is owned by institutional investors.

Easterly Government Properties Stock Down 0.1 %

Easterly Government Properties stock opened at $13.75 on Tuesday. Easterly Government Properties, Inc. has a twelve month low of $10.27 and a twelve month high of $14.36. The stock has a market cap of $1.42 billion, a P/E ratio of 68.75 and a beta of 0.72. The company’s 50-day moving average price is $13.45 and its two-hundred day moving average price is $12.38. 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 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 paid a $0.265 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.06 annualized dividend and a dividend yield of 7.71%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 530.00%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. 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 Easterly Government Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a research report on Thursday, August 29th.

Easterly Government Properties 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.