Keynote Financial Services LLC Takes Position in Easterly Government Properties, Inc. (NYSE:DEA)

Keynote Financial Services LLC acquired a new stake in Easterly Government Properties, Inc. (NYSE:DEA) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 31,440 shares of the real estate investment trust’s stock, valued at approximately $362,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DEA. Intrinsic Edge Capital Management LLC bought a new position in shares of Easterly Government Properties in the 4th quarter valued at about $6,720,000. GW&K Investment Management LLC lifted its stake in shares of Easterly Government Properties by 20.3% during the 4th quarter. GW&K Investment Management LLC now owns 2,434,048 shares of the real estate investment trust’s stock worth $32,713,000 after buying an additional 410,108 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of Easterly Government Properties by 14.3% during the 4th 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 during the last quarter. Vanguard Group Inc. lifted its stake in shares of Easterly Government Properties by 1.6% during 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. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Easterly Government Properties by 9.3% during the 4th 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 last quarter. Institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Stock Performance

Easterly Government Properties stock traded down $0.01 during midday trading on Friday, hitting $13.51. The company’s stock had a trading volume of 1,288,849 shares, compared to its average volume of 803,685. Easterly Government Properties, Inc. has a 1-year low of $10.27 and a 1-year high of $15.21. The company has a debt-to-equity ratio of 1.02, a current ratio of 3.57 and a quick ratio of 4.31. The company has a 50-day moving average price of $12.65 and a two-hundred day moving average price of $12.09. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 67.55 and a beta of 0.71.

Easterly Government Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Thursday, August 1st will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 7.85%. The ex-dividend date is Thursday, August 1st. Easterly Government Properties’s dividend payout ratio (DPR) is 530.00%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Monday, July 29th.

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.