Essex Financial Services Inc. Purchases 15,449 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

Essex Financial Services Inc. lifted its position in Easterly Government Properties, Inc. (NYSE:DEA) by 29.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,751 shares of the real estate investment trust’s stock after buying an additional 15,449 shares during the period. Essex Financial Services Inc.’s holdings in Easterly Government Properties were worth $850,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DEA. GAMMA Investing LLC boosted its stake in Easterly Government Properties by 56.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,086 shares during the period. Texas Permanent School Fund Corp boosted its stake in Easterly Government Properties by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 83,319 shares of the real estate investment trust’s stock worth $959,000 after purchasing an additional 1,114 shares during the period. Van ECK Associates Corp boosted its stake in Easterly Government Properties by 7.7% in the 2nd quarter. Van ECK Associates Corp now owns 17,370 shares of the real estate investment trust’s stock worth $215,000 after purchasing an additional 1,237 shares during the period. ProShare Advisors LLC boosted its stake in Easterly Government Properties by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 19,316 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 1,330 shares during the period. Finally, Maryland State Retirement & Pension System boosted its stake in Easterly Government Properties by 4.4% in the 2nd quarter. Maryland State Retirement & Pension System now owns 35,912 shares of the real estate investment trust’s stock worth $444,000 after purchasing an additional 1,504 shares during the period. Institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Trading Down 1.0 %

Easterly Government Properties stock opened at $13.12 on Monday. The firm has a 50-day moving average of $13.21 and a 200-day moving average of $12.24. Easterly Government Properties, Inc. has a one year low of $10.27 and a one year high of $14.36. The company has a debt-to-equity ratio of 1.02, a current ratio of 3.57 and a quick ratio of 3.57. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 65.60 and a beta of 0.71.

Easterly Government Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Thursday, August 1st were issued a $0.265 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 8.08%. Easterly Government Properties’s payout ratio is 530.00%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DEA shares. Truist Financial upped their target price on shares of Easterly Government Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Thursday. StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Monday, August 26th.

Easterly Government Properties Company 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.