Federated Hermes Inc. Lowers Position in Easterly Government Properties, Inc. (NYSE:DEA)

Federated Hermes Inc. trimmed its position in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 72.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,096 shares of the real estate investment trust's stock after selling 545,774 shares during the period. Federated Hermes Inc. owned approximately 0.22% of Easterly Government Properties worth $2,810,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DEA. Abacus Planning Group Inc. acquired a new stake in shares of Easterly Government Properties in the 4th quarter valued at approximately $6,555,000. Vanguard Group Inc. raised its holdings in Easterly Government Properties by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 10,803,114 shares of the real estate investment trust's stock worth $123,480,000 after buying an additional 89,916 shares during the period. Victory Capital Management Inc. raised its holdings in Easterly Government Properties by 5.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,575,109 shares of the real estate investment trust's stock worth $18,003,000 after buying an additional 81,627 shares during the period. Punch & Associates Investment Management Inc. raised its holdings in Easterly Government Properties by 44.5% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 262,077 shares of the real estate investment trust's stock worth $2,996,000 after buying an additional 80,740 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Easterly Government Properties by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,512,118 shares of the real estate investment trust's stock worth $17,284,000 after buying an additional 54,521 shares during the period. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Easterly Government Properties Stock Down 0.3 %

Shares of NYSE DEA traded down $0.03 during midday trading on Friday, reaching $11.69. The company's stock had a trading volume of 1,170,804 shares, compared to its average volume of 820,028. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.92. Easterly Government Properties, Inc. has a fifty-two week low of $10.27 and a fifty-two week high of $15.21. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 61.53 and a beta of 0.67. The stock has a 50 day simple moving average of $11.53 and a 200-day simple moving average of $11.97.

Easterly Government Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Thursday, May 9th will be issued a $0.265 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.07%. Easterly Government Properties's dividend payout ratio (DPR) is presently 557.92%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Easterly Government Properties from a "hold" rating to a "sell" rating in a report on Wednesday, April 3rd.

Easterly Government Properties Company 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.