State Street Corp. Amends 13G/A on Easterly Government Properties
Ticker: DEA · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1622194
| Field | Detail |
|---|---|
| Company | Easterly Government Properties, Inc. (DEA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, REIT, passive-investment
TL;DR
**State Street still holds Easterly Government Properties, signaling continued institutional interest.**
AI Summary
State Street Corporation filed an amended SC 13G/A on January 30, 2024, indicating its ownership of Easterly Government Properties Inc. (NYSE: DEA) as of December 31, 2023. This filing updates their previous disclosure, confirming their continued significant, though passive, stake in the REIT. This matters to investors because State Street is a major institutional investor, and their continued holding suggests a degree of confidence in Easterly Government Properties' long-term prospects, particularly its focus on government-leased real estate.
Why It Matters
This filing shows that a major institutional investor, State Street Corporation, maintains a significant stake in Easterly Government Properties, which can be a positive signal for other investors.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate change in investment strategy or significant risk.
Analyst Insight
Investors should note that a major institutional player like State Street Corporation continues to hold a position in Easterly Government Properties, suggesting stability in institutional interest, but this filing alone doesn't indicate new buying or selling activity.
Key Numbers
- 27616P103 — CUSIP Number (identifies the class of securities (REIT) of Easterly Government Properties Inc.)
Key Players & Entities
- State Street Corporation (company) — the reporting person filing the SC 13G/A
- Easterly Government Properties, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
- 0001622194 (company) — Central Index Key (CIK) for Easterly Government Properties, Inc.
- 0000093751 (company) — Central Index Key (CIK) for State Street Corp
Forward-Looking Statements
- State Street Corporation will likely maintain its passive investment in Easterly Government Properties for the foreseeable future. (State Street Corporation) — medium confidence, target: 2025-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, indicating a change or update to a previous filing by a passive investor.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, with an I.R.S. IDENTIFICATION NO. of 04-2456637.
What is the subject company of this filing?
The subject company is EASTERLY GOVERNMENT PROPERTIES INC, which is identified as a REIT (Real Estate Investment Trust).
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was 12/31/2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13D-1 (B), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding Easterly Government Properties, Inc. (DEA).