Victory Capital Management Inc. Grows Position in Easterly Government Properties, Inc. (NYSE:DEA)

Victory Capital Management Inc. lifted its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,624,086 shares of the real estate investment trust’s stock after buying an additional 48,977 shares during the period. Victory Capital Management Inc. owned approximately 1.71% of Easterly Government Properties worth $21,828,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Van ECK Associates Corp raised its holdings in Easterly Government Properties by 26.2% in the 4th quarter. Van ECK Associates Corp now owns 15,876 shares of the real estate investment trust’s stock valued at $214,000 after acquiring an additional 3,296 shares during the last quarter. Truist Financial Corp grew its position in shares of Easterly Government Properties by 22.8% in the fourth quarter. Truist Financial Corp now owns 179,092 shares of the real estate investment trust’s stock valued at $2,407,000 after purchasing an additional 33,248 shares in the last quarter. CWM LLC increased its holdings in shares of Easterly Government Properties by 130.9% in the fourth quarter. CWM LLC now owns 4,338 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 2,459 shares during the last quarter. Signaturefd LLC lifted its position in Easterly Government Properties by 716.3% during the fourth quarter. Signaturefd LLC now owns 7,649 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 6,712 shares in the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new position in Easterly Government Properties during the fourth quarter worth $176,000. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd.

Easterly Government Properties Stock Performance

Easterly Government Properties stock opened at $11.72 on Thursday. The firm has a 50 day simple moving average of $11.56 and a 200-day simple moving average of $12.01. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 58.58 and a beta of 0.65. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.31 and a quick ratio of 4.31. Easterly Government Properties, Inc. has a 1-year low of $10.27 and a 1-year high of $15.21.

Easterly Government Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Thursday, May 9th will be paid a dividend of $0.265 per share. The ex-dividend date is Wednesday, May 8th. This represents a $1.06 annualized dividend and a yield of 9.05%. Easterly Government Properties’s dividend payout ratio (DPR) is 530.00%.

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.