Evergreen Capital Management LLC Increases Stake in Easterly Government Properties, Inc. (NYSE:DEA)

Evergreen Capital Management LLC increased its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 20.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,102 shares of the real estate investment trust’s stock after acquiring an additional 2,418 shares during the period. Evergreen Capital Management LLC’s holdings in Easterly Government Properties were worth $174,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Easterly Government Properties by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 11,009,182 shares of the real estate investment trust’s stock valued at $126,716,000 after purchasing an additional 175,750 shares during the last quarter. Westwood Holdings Group Inc. boosted its holdings in Easterly Government Properties by 14.3% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,567,196 shares of the real estate investment trust’s stock valued at $34,503,000 after acquiring an additional 320,633 shares during the last quarter. Victory Capital Management Inc. grew its position in Easterly Government Properties by 1.2% during the second quarter. Victory Capital Management Inc. now owns 1,853,260 shares of the real estate investment trust’s stock valued at $22,925,000 after acquiring an additional 21,795 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Easterly Government Properties by 5.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,516,641 shares of the real estate investment trust’s stock worth $17,457,000 after acquiring an additional 71,939 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Easterly Government Properties by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,361,719 shares of the real estate investment trust’s stock worth $16,844,000 after purchasing an additional 9,738 shares during the period. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DEA. StockNews.com cut Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Thursday. Truist Financial increased their price objective on shares of Easterly Government Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a research report on Thursday, August 29th.

Easterly Government Properties Price Performance

Shares of NYSE DEA opened at $13.45 on Friday. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 67.25 and a beta of 0.72. The company has a debt-to-equity ratio of 1.02, a current ratio of 3.57 and a quick ratio of 3.57. Easterly Government Properties, Inc. has a 1-year low of $10.27 and a 1-year high of $14.36. The business has a 50-day moving average of $13.51 and a 200-day moving average of $12.49.

Easterly Government Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Thursday, August 1st were given a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 7.88%. The ex-dividend date of this dividend was Thursday, August 1st. Easterly Government Properties’s dividend payout ratio (DPR) is 530.00%.

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.