Texas Permanent School Fund Corp Decreases Stock Position in Easterly Government Properties, Inc. (NYSE:DEA)

Texas Permanent School Fund Corp decreased its position in Easterly Government Properties, Inc. (NYSE:DEA) by 14.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,255 shares of the real estate investment trust’s stock after selling 12,064 shares during the quarter. Texas Permanent School Fund Corp owned 0.07% of Easterly Government Properties worth $881,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DEA. GAMMA Investing LLC grew its holdings in Easterly Government Properties by 56.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,086 shares in the last quarter. Security National Bank purchased a new position in Easterly Government Properties in the 4th quarter valued at about $86,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Easterly Government Properties during the first quarter valued at about $89,000. Sunbelt Securities Inc. increased its position in shares of Easterly Government Properties by 365.1% during the first quarter. Sunbelt Securities Inc. now owns 10,000 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 7,850 shares during the last quarter. Finally, National Bank of Canada FI purchased a new stake in shares of Easterly Government Properties during the second quarter worth about $115,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Truist Financial increased their price target on Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a report on Thursday, August 29th. StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Monday, August 26th.

Easterly Government Properties Price Performance

Shares of DEA stock opened at $13.61 on Friday. The firm has a fifty day moving average of $13.51 and a two-hundred day moving average of $12.41. The firm has a market cap of $1.40 billion, a P/E ratio of 68.70 and a beta of 0.72. Easterly Government Properties, Inc. has a 1-year low of $10.27 and a 1-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.

Easterly Government Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Thursday, August 1st were paid 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 yield of 7.79%. Easterly Government Properties’s dividend payout ratio (DPR) is 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.