Truist Financial Corp Grows Position in Easterly Government Properties, Inc. (NYSE:DEA)

Truist Financial Corp grew its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 22.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 179,092 shares of the real estate investment trust’s stock after acquiring an additional 33,248 shares during the period. Truist Financial Corp’s holdings in Easterly Government Properties were worth $2,407,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Easterly Government Properties by 0.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,490,744 shares of the real estate investment trust’s stock worth $17,039,000 after buying an additional 13,960 shares in the last quarter. GraniteShares Advisors LLC grew its holdings in shares of Easterly Government Properties by 6.0% in the 3rd quarter. GraniteShares Advisors LLC now owns 106,674 shares of the real estate investment trust’s stock worth $1,219,000 after acquiring an additional 6,016 shares during the period. Verus Capital Partners LLC increased its stake in Easterly Government Properties by 29.3% in the 3rd quarter. Verus Capital Partners LLC now owns 13,061 shares of the real estate investment trust’s stock valued at $149,000 after purchasing an additional 2,957 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Easterly Government Properties by 4.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 37,405 shares of the real estate investment trust’s stock valued at $428,000 after purchasing an additional 1,708 shares in the last quarter. Finally, Duality Advisers LP acquired a new position in Easterly Government Properties during the third quarter worth $530,000. 86.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Easterly Government Properties Stock Down 2.0 %

DEA stock opened at $11.72 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.31 and a quick ratio of 4.31. The company’s 50 day simple moving average is $11.56 and its 200-day simple moving average is $12.01. Easterly Government Properties, Inc. has a 12 month low of $10.27 and a 12 month high of $15.21. The firm has a market capitalization of $1.21 billion, a PE ratio of 58.58 and a beta of 0.65.

Easterly Government Properties Announces Dividend

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

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.