PNC Financial Services Group Inc. Raises Stock Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

PNC Financial Services Group Inc. increased its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 201.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,042 shares of the real estate investment trust’s stock after purchasing an additional 10,048 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Easterly Government Properties were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Easterly Government Properties by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 10,833,432 shares of the real estate investment trust’s stock worth $145,601,000 after buying an additional 30,318 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in Easterly Government Properties by 14.3% in the 4th 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. GW&K Investment Management LLC lifted its stake in shares of Easterly Government Properties by 20.3% during the 4th 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 purchasing an additional 410,108 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Easterly Government Properties by 9.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,652,959 shares of the real estate investment trust’s stock worth $22,216,000 after purchasing an additional 140,841 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Easterly Government Properties by 3.1% during the fourth quarter. Victory Capital Management Inc. now owns 1,624,086 shares of the real estate investment trust’s stock worth $21,828,000 after purchasing an additional 48,977 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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 Performance

NYSE:DEA opened at $12.32 on Wednesday. The company has a market cap of $1.27 billion, a P/E ratio of 61.60 and a beta of 0.71. The firm’s 50 day moving average is $11.98 and its two-hundred day moving average is $12.12. 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 quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.98.

Easterly Government Properties Announces Dividend

The company 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. This represents a $1.06 dividend on an annualized basis and a yield of 8.60%. The ex-dividend date was Wednesday, May 8th. Easterly Government Properties’s payout ratio is currently 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.