Victory Capital Management Inc. Has $14.81 Million Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Victory Capital Management Inc. lessened its position in shares of Easterly Government Properties, Inc. (NYSE:DEA – Get Rating) by 24.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,034,651 shares of the real estate investment trust’s stock after selling 338,324 shares during the quarter. Victory Capital Management Inc. owned approximately 1.14% of Easterly Government Properties worth $14,805,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Republic Investment Management Inc. boosted its holdings in shares of Easterly Government Properties by 1.8% during the 1st quarter. First Republic Investment Management Inc. now owns 39,122 shares of the real estate investment trust’s stock worth $827,000 after buying an additional 707 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its holdings in shares of Easterly Government Properties by 5.8% during the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 13,136 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 715 shares in the last quarter. Summit Global Investments boosted its holdings in shares of Easterly Government Properties by 2.4% during the 4th quarter. Summit Global Investments now owns 33,800 shares of the real estate investment trust’s stock worth $482,000 after buying an additional 800 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Easterly Government Properties by 0.8% during the 4th quarter. State of Alaska Department of Revenue now owns 109,047 shares of the real estate investment trust’s stock worth $1,555,000 after buying an additional 836 shares in the last quarter. Finally, Principle Wealth Partners LLC boosted its holdings in shares of Easterly Government Properties by 6.0% during the 4th quarter. Principle Wealth Partners LLC now owns 14,725 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 840 shares in the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DEA. StockNews.com began coverage on Easterly Government Properties in a report on Thursday, May 18th. They set a “sell” rating on the stock. Truist Financial cut their target price on Easterly Government Properties from $17.00 to $15.00 in a report on Monday, March 20th. Finally, Compass Point upgraded Easterly Government Properties from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Tuesday, March 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.42.

Easterly Government Properties Price Performance

Shares of DEA opened at $13.83 on Wednesday. Easterly Government Properties, Inc. has a 12-month low of $12.27 and a 12-month high of $20.33. The business’s fifty day moving average is $13.74 and its 200 day moving average is $14.78. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.85. The stock has a market cap of $1.29 billion, a P/E ratio of 44.61 and a beta of 0.65.

Easterly Government Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 23rd. Investors of record on Thursday, May 11th were given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 7.66%. The ex-dividend date was Wednesday, May 10th. Easterly Government Properties’s payout ratio is currently 341.94%.

Easterly Government Properties Profile

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Easterly Government Properties, Inc operates as a real estate investment trust. engages in the acquisition, development, and management of commercial properties that are leased to U.S. Government agencies. The company was founded on October 10, 2014 and is headquartered in Washington, DC.