Rockefeller Capital Management L.P. Lowers Stake in Easterly Government Properties, Inc. $DEA

Rockefeller Capital Management L.P. reduced its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 56.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 23,000 shares of the real estate investment trust’s stock after selling 29,222 shares during the period. Rockefeller Capital Management L.P.’s holdings in Easterly Government Properties were worth $487,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Easterly Government Properties by 215.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 772 shares during the last quarter. Parallel Advisors LLC lifted its stake in Easterly Government Properties by 318.2% during the third quarter. Parallel Advisors LLC now owns 1,334 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,015 shares during the last quarter. Colonial Trust Co SC purchased a new position in shares of Easterly Government Properties in the 4th quarter worth about $34,000. US Bancorp DE boosted its holdings in shares of Easterly Government Properties by 237.9% in the 3rd quarter. US Bancorp DE now owns 1,757 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,237 shares in the last quarter. Finally, Danske Bank A S purchased a new position in shares of Easterly Government Properties in the 4th quarter worth about $44,000. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Easterly Government Properties Stock Performance

Easterly Government Properties stock opened at $25.55 on Monday. The firm has a fifty day simple moving average of $23.79 and a two-hundred day simple moving average of $23.04. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.26. Easterly Government Properties, Inc. has a twelve month low of $20.56 and a twelve month high of $25.67. The company has a market capitalization of $1.19 billion, a PE ratio of 106.46 and a beta of 0.97.

Easterly Government Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 annualized dividend and a yield of 7.0%. Easterly Government Properties’s dividend payout ratio is currently 750.00%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DEA. Weiss Ratings raised Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Truist Financial cut their target price on Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. Finally, Wall Street Zen cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $23.49.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc is a real estate investment trust that specializes in the acquisition, development and management of commercial properties leased to U.S. government agencies. Structured as a triple-net lease REIT, the company focuses on single-tenant assets with long-term, credit-backed leases that transfer most property-level responsibilities—including taxes, insurance and maintenance—to its government tenants.

The firm’s portfolio encompasses a variety of facility types, including office buildings, training centers, laboratories and mission-critical installations used by federal agencies.