Rockefeller Capital Management L.P. Decreases Stock Holdings in Easterly Government Properties, Inc. $DEA

Rockefeller Capital Management L.P. reduced its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 56.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 23,000 shares of the real estate investment trust’s stock after selling 29,222 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Easterly Government Properties were worth $487,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DEA. Franklin Resources Inc. increased its position in shares of Easterly Government Properties by 1.2% in the fourth quarter. Franklin Resources Inc. now owns 39,660 shares of the real estate investment trust’s stock valued at $840,000 after acquiring an additional 471 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Easterly Government Properties by 215.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 772 shares during the period. Federation des caisses Desjardins du Quebec grew its stake in shares of Easterly Government Properties by 32.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,391 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 822 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Easterly Government Properties by 5.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 16,427 shares of the real estate investment trust’s stock worth $348,000 after purchasing an additional 822 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Easterly Government Properties by 0.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 104,660 shares of the real estate investment trust’s stock valued at $2,400,000 after purchasing an additional 836 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Stock Performance

Shares of DEA opened at $25.55 on Monday. The company has a debt-to-equity ratio of 1.26, a current ratio of 4.01 and a quick ratio of 4.01. Easterly Government Properties, Inc. has a one year low of $20.56 and a one year high of $25.67. The company has a 50-day simple moving average of $23.79 and a two-hundred day simple moving average of $23.04. The firm has a market capitalization of $1.19 billion, a PE ratio of 106.46 and a beta of 0.97.

Easterly Government Properties Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings upgraded Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Truist Financial dropped their price target 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 report on Saturday, May 2nd. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Easterly Government Properties presently has a consensus rating of “Hold” and an average price target of $23.49.

Easterly Government Properties 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.