Easterly Government Properties, Inc. (NYSE:DEA) Shares Sold by Connors Investor Services Inc.

Connors Investor Services Inc. reduced its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 191,811 shares of the real estate investment trust’s stock after selling 7,630 shares during the period. Connors Investor Services Inc. owned approximately 0.19% of Easterly Government Properties worth $2,373,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of 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 worth $37,000 after purchasing an additional 1,086 shares in the last quarter. Security National Bank acquired a new position in shares of Easterly Government Properties in the 4th quarter worth $86,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Easterly Government Properties during the first quarter worth $89,000. Newbridge Financial Services Group Inc. lifted its holdings in shares of Easterly Government Properties by 879.9% during the first quarter. Newbridge Financial Services Group Inc. now owns 9,338 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 8,385 shares during the last quarter. Finally, National Bank of Canada FI acquired a new position in shares of Easterly Government Properties in the 2nd quarter valued at $115,000. 86.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Truist Financial boosted their price objective on Easterly Government Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Thursday, August 29th. StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Monday, August 26th.

Easterly Government Properties Stock Performance

Shares of Easterly Government Properties stock opened at $13.75 on Tuesday. Easterly Government Properties, Inc. has a 12 month low of $10.27 and a 12 month high of $14.36. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 1.02. The stock has a market cap of $1.42 billion, a PE ratio of 68.75 and a beta of 0.72. The business has a fifty day simple moving average of $13.45 and a 200-day simple moving average of $12.38.

Easterly Government Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Thursday, August 1st were given a dividend of $0.265 per share. The ex-dividend date was Thursday, August 1st. This represents a $1.06 dividend on an annualized basis and a yield of 7.71%. Easterly Government Properties’s payout ratio is presently 530.00%.

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.