Easterly Government Properties, Inc. (NYSE:DEA) Short Interest Update

Easterly Government Properties, Inc. (NYSE:DEA) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 3,390,000 shares, an increase of 17.7% from the May 15th total of 2,880,000 shares. Based on an average daily trading volume, of 827,600 shares, the short-interest ratio is presently 4.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Intrinsic Edge Capital Management LLC purchased a new stake in shares of Easterly Government Properties during the 4th quarter valued at approximately $6,720,000. Abacus Planning Group Inc. purchased a new stake in shares of Easterly Government Properties during the 4th quarter valued at approximately $6,555,000. GW&K Investment Management LLC raised its position in shares of Easterly Government Properties by 20.3% during the 4th quarter. GW&K Investment Management LLC now owns 2,434,048 shares of the real estate investment trust’s stock valued at $32,713,000 after buying an additional 410,108 shares during the period. Westwood Holdings Group Inc. raised its position in shares of Easterly Government Properties by 14.3% during the 4th quarter. Westwood Holdings Group Inc. now owns 2,567,196 shares of the real estate investment trust’s stock valued at $34,503,000 after buying an additional 320,633 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Easterly Government Properties by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 11,009,182 shares of the real estate investment trust’s stock valued at $126,716,000 after buying an additional 175,750 shares during the period. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Easterly Government Properties Trading Up 0.5 %

Shares of Easterly Government Properties stock opened at $12.24 on Tuesday. The stock has a market cap of $1.26 billion, a P/E ratio of 61.18 and a beta of 0.69. The stock’s 50 day simple moving average is $11.81 and its 200-day simple moving average is $12.16. Easterly Government Properties has a 1-year low of $10.27 and a 1-year high of $15.21. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.31 and a quick ratio of 4.31.

Easterly Government Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Thursday, May 9th were issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 8.66%. The ex-dividend date was Wednesday, May 8th. Easterly Government Properties’s dividend payout ratio is currently 530.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Friday, May 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.