Easterly Government Properties, Inc. (NYSE:DEA) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 35.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,798 shares of the real estate investment trust’s stock after acquiring an additional 997 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Easterly Government Properties were worth $51,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Daiwa Securities Group Inc. raised its stake in shares of Easterly Government Properties by 2.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 31,873 shares of the real estate investment trust’s stock valued at $394,000 after acquiring an additional 842 shares during the period. Arizona State Retirement System raised its stake in shares of Easterly Government Properties by 3.3% in the 2nd quarter. Arizona State Retirement System now owns 27,221 shares of the real estate investment trust’s stock valued at $337,000 after acquiring an additional 859 shares during the period. Amalgamated Bank raised its stake in shares of Easterly Government Properties by 2.8% in the 2nd quarter. Amalgamated Bank now owns 31,221 shares of the real estate investment trust’s stock valued at $386,000 after acquiring an additional 860 shares during the period. GAMMA Investing LLC raised its stake in shares of Easterly Government Properties by 29.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 875 shares during the period. Finally, Xcel Wealth Management LLC raised its stake in shares of Easterly Government Properties by 0.3% in the 3rd quarter. Xcel Wealth Management LLC now owns 393,223 shares of the real estate investment trust’s stock valued at $5,340,000 after acquiring an additional 1,091 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Trading Down 0.7 %

NYSE DEA opened at $13.38 on Wednesday. Easterly Government Properties, Inc. has a one year low of $10.62 and a one year high of $14.52. The company has a 50-day simple moving average of $13.57 and a 200-day simple moving average of $12.92. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.57 and a current ratio of 3.57. The firm has a market capitalization of $1.38 billion, a PE ratio of 70.42 and a beta of 0.72.

Easterly Government Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be issued a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 7.92%. The ex-dividend date of this dividend is Friday, November 15th. Easterly Government Properties’s dividend payout ratio (DPR) is presently 557.92%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DEA shares. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Truist Financial boosted 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 report on Thursday, August 29th. Finally, Jefferies Financial Group raised shares of Easterly Government Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $13.00 to $15.00 in a research report on Monday, October 14th.

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.