Easterly Government Properties, Inc. (NYSE:DEA) Shares Sold by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC lowered its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 790,553 shares of the real estate investment trust’s stock after selling 9,080 shares during the period. Easterly Government Properties comprises 1.8% of Gilman Hill Asset Management LLC’s investment portfolio, making the stock its 12th biggest position. Gilman Hill Asset Management LLC owned approximately 0.77% of Easterly Government Properties worth $10,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DEA. GAMMA Investing LLC raised its position in Easterly Government Properties by 56.6% in 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. Allspring Global Investments Holdings LLC purchased a new position in shares of Easterly Government Properties in the 1st quarter valued at about $89,000. Sunbelt Securities Inc. increased its holdings in shares of Easterly Government Properties by 365.1% in the 1st quarter. Sunbelt Securities Inc. now owns 10,000 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 7,850 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Easterly Government Properties in the 2nd quarter valued at about $115,000. Finally, Signaturefd LLC increased its holdings in shares of Easterly Government Properties by 34.6% in the 2nd quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 2,563 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DEA. Truist Financial raised their price target on Easterly Government Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Thursday, August 29th. StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday.

Easterly Government Properties Stock Performance

NYSE:DEA traded up $0.11 during mid-day trading on Friday, reaching $13.27. 603,619 shares of the stock were exchanged, compared to its average volume of 874,171. The company has a 50 day simple moving average of $13.42 and a 200-day simple moving average of $12.63. The stock has a market capitalization of $1.37 billion, a P/E ratio of 69.85 and a beta of 0.72. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 1.02. Easterly Government Properties, Inc. has a 1 year low of $10.27 and a 1 year high of $14.36.

Easterly Government Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders 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 annualized dividend and a dividend yield of 7.99%. Easterly Government Properties’s dividend payout ratio (DPR) is currently 557.92%.

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.