Zurcher Kantonalbank Zurich Cantonalbank Grows Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 94.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,679 shares of the real estate investment trust’s stock after buying an additional 45,047 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.10% of Easterly Government Properties worth $1,246,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Abacus Planning Group Inc. bought a new position in Easterly Government Properties in the 4th quarter worth about $6,555,000. Vanguard Group Inc. boosted its stake in Easterly Government Properties by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 10,803,114 shares of the real estate investment trust’s stock worth $123,480,000 after purchasing an additional 89,916 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Easterly Government Properties by 5.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,575,109 shares of the real estate investment trust’s stock worth $18,003,000 after purchasing an additional 81,627 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its stake in Easterly Government Properties by 44.5% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 262,077 shares of the real estate investment trust’s stock worth $2,996,000 after purchasing an additional 80,740 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Easterly Government Properties by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,512,118 shares of the real estate investment trust’s stock worth $17,284,000 after purchasing an additional 54,521 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Easterly Government Properties Price Performance

DEA opened at $11.69 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 4.65 and a current ratio of 4.65. The stock has a market capitalization of $1.20 billion, a P/E ratio of 61.53 and a beta of 0.67. The company’s 50-day simple moving average is $11.53 and its two-hundred day simple moving average is $11.97. Easterly Government Properties, Inc. has a 52-week low of $10.27 and a 52-week high of $15.21.

Easterly Government Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 9.07%. The ex-dividend date was Tuesday, March 5th. Easterly Government Properties’s dividend payout ratio is currently 557.92%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd.

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.