Natixis Advisors LLC Increases Stake in Easterly Government Properties, Inc. (NYSE:DEA)

Natixis Advisors LLC increased its position in Easterly Government Properties, Inc. (NYSE:DEA) by 4.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,882 shares of the real estate investment trust’s stock after buying an additional 3,161 shares during the period. Natixis Advisors LLC owned 0.07% of Easterly Government Properties worth $864,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intrinsic Edge Capital Management LLC purchased a new stake in shares of Easterly Government Properties during the 4th quarter worth approximately $6,720,000. GW&K Investment Management LLC raised its stake in Easterly Government Properties by 20.3% during the fourth 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 purchasing an additional 410,108 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in 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 valued at $34,503,000 after purchasing an additional 320,633 shares during the last quarter. Kempner Capital Management Inc. purchased a new position in shares of Easterly Government Properties in the 2nd quarter worth $3,181,000. Finally, Vanguard Group Inc. increased 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 worth $126,716,000 after buying an additional 175,750 shares during the last quarter. 86.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DEA shares. Truist Financial upped their price objective on Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Thursday, August 29th. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Monday, August 26th.

Easterly Government Properties Stock Down 1.8 %

Shares of NYSE DEA opened at $13.27 on Thursday. Easterly Government Properties, Inc. has a 1 year low of $10.27 and a 1 year high of $14.36. The firm has a 50-day simple moving average of $13.38 and a two-hundred day simple moving average of $12.33. The company has a market cap of $1.37 billion, a P/E ratio of 66.35 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Thursday, August 1st were paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 7.99%. The ex-dividend date was Thursday, August 1st. Easterly Government Properties’s dividend payout ratio is currently 530.00%.

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.