416,609 Shares in Easterly Government Properties, Inc. (NYSE:DEA) Bought by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC bought a new position in shares of Easterly Government Properties, Inc. (NYSE:DEAGet Rating) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 416,609 shares of the real estate investment trust’s stock, valued at approximately $7,932,000. Easterly Government Properties comprises approximately 1.7% of Gilman Hill Asset Management LLC’s investment portfolio, making the stock its 18th biggest holding. Gilman Hill Asset Management LLC owned 0.46% of Easterly Government Properties at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Teacher Retirement System of Texas grew its stake in shares of Easterly Government Properties by 31.8% during the fourth quarter. Teacher Retirement System of Texas now owns 17,443 shares of the real estate investment trust’s stock worth $400,000 after acquiring an additional 4,209 shares during the last quarter. Citigroup Inc. raised its stake in shares of Easterly Government Properties by 8.0% during the 4th quarter. Citigroup Inc. now owns 125,183 shares of the real estate investment trust’s stock worth $2,869,000 after buying an additional 9,309 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Easterly Government Properties by 11.9% during the 4th quarter. JPMorgan Chase & Co. now owns 695,221 shares of the real estate investment trust’s stock worth $15,935,000 after buying an additional 73,909 shares during the period. Rhumbline Advisers raised its stake in shares of Easterly Government Properties by 3.7% during the 4th quarter. Rhumbline Advisers now owns 264,960 shares of the real estate investment trust’s stock worth $6,073,000 after buying an additional 9,545 shares during the period. Finally, abrdn plc increased its position in shares of Easterly Government Properties by 5.9% during the fourth quarter. abrdn plc now owns 18,121 shares of the real estate investment trust’s stock worth $415,000 after purchasing an additional 1,004 shares in the last quarter. 85.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DEA. StockNews.com cut Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Wednesday, September 7th. Jefferies Financial Group cut their target price on Easterly Government Properties from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, June 30th. Truist Financial dropped their price target on Easterly Government Properties from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, September 14th. Royal Bank of Canada lowered their target price on Easterly Government Properties from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Monday, August 29th. Finally, Compass Point lowered their target price on Easterly Government Properties to $25.00 in a research note on Tuesday, August 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.80.

Easterly Government Properties Stock Performance

DEA stock traded down $0.17 on Friday, reaching $16.76. The company’s stock had a trading volume of 4,537 shares, compared to its average volume of 556,779. Easterly Government Properties, Inc. has a 52 week low of $16.74 and a 52 week high of $23.65. The company has a market capitalization of $1.52 billion, a P/E ratio of 51.30 and a beta of 0.54. The firm has a fifty day moving average of $18.70 and a two-hundred day moving average of $19.39. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.58 and a quick ratio of 4.58.

Easterly Government Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 23rd. Stockholders of record on Thursday, August 11th were issued a $0.265 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 6.32%. Easterly Government Properties’s payout ratio is currently 321.22%.

About Easterly Government Properties

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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.

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

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