Franklin Resources Inc. Has $2.29 Million Position in Easterly Government Properties, Inc. (NYSE:DEA)

Franklin Resources Inc. lessened its stake in Easterly Government Properties, Inc. (NYSE:DEAFree Report) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 170,288 shares of the real estate investment trust’s stock after selling 8,780 shares during the quarter. Franklin Resources Inc. owned 0.18% of Easterly Government Properties worth $2,289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GW&K Investment Management LLC raised its holdings in shares of Easterly Government Properties by 20.3% during the fourth quarter. GW&K Investment Management LLC now owns 2,434,048 shares of the real estate investment trust’s stock worth $32,713,000 after acquiring an additional 410,108 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Easterly Government Properties during the 4th quarter worth about $143,000. Quadrant Capital Group LLC lifted its holdings in shares of Easterly Government Properties by 587.5% during the 4th quarter. Quadrant Capital Group LLC now owns 11,846 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 10,123 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Easterly Government Properties by 5.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 239,345 shares of the real estate investment trust’s stock valued at $3,217,000 after buying an additional 11,962 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Easterly Government Properties by 8.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 59,505 shares of the real estate investment trust’s stock worth $799,000 after buying an additional 4,887 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Price Performance

Shares of NYSE:DEA opened at $11.91 on Tuesday. The stock has a market capitalization of $1.23 billion, a P/E ratio of 59.53 and a beta of 0.69. The business has a 50-day moving average of $11.68 and a two-hundred day moving average of $12.13. Easterly Government Properties, Inc. has a fifty-two week low of $10.27 and a fifty-two week high of $15.21. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Thursday, May 9th were issued a $0.265 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $1.06 annualized dividend and a yield of 8.90%. Easterly Government Properties’s dividend payout ratio (DPR) is currently 530.00%.

Wall Street Analyst Weigh In

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

Read Our Latest Report on DEA

About Easterly Government Properties

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Easterly Government Properties (NYSE:DEA)

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