Mirae Asset Global Investments Co. Ltd. Raises Stock Position in Easterly Government Properties, Inc. (NYSE:DEA)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 5.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,516,641 shares of the real estate investment trust’s stock after purchasing an additional 71,939 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 1.48% of Easterly Government Properties worth $17,457,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Intrinsic Edge Capital Management LLC purchased a new position in Easterly Government Properties in the fourth quarter valued at $6,720,000. Abacus Planning Group Inc. acquired a new stake in Easterly Government Properties in the 4th quarter valued at about $6,555,000. GW&K Investment Management LLC boosted its stake in shares of Easterly Government Properties by 20.3% in the 4th quarter. GW&K Investment Management LLC now owns 2,434,048 shares of the real estate investment trust’s stock valued at $32,713,000 after buying an additional 410,108 shares during the period. Westwood Holdings Group Inc. grew its position in shares of Easterly Government Properties by 14.3% during the fourth quarter. Westwood Holdings Group Inc. now owns 2,567,196 shares of the real estate investment trust’s stock worth $34,503,000 after buying an additional 320,633 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake 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 buying an additional 140,841 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

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

Easterly Government Properties Stock Up 0.2 %

Shares of NYSE:DEA traded up $0.03 during trading on Friday, hitting $12.37. 486,573 shares of the company were exchanged, compared to its average volume of 688,704. 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 firm’s 50 day moving average price is $12.02 and its 200-day moving average price is $12.10. The stock has a market capitalization of $1.27 billion, a P/E ratio of 61.85 and a beta of 0.71. Easterly Government Properties, Inc. has a 12-month low of $10.27 and a 12-month high of $15.21.

Easterly Government Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Thursday, May 9th were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 8.57%. The ex-dividend date of this dividend was Wednesday, May 8th. Easterly Government Properties’s dividend payout ratio (DPR) is currently 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.