Institutional Ownership: State Street Holds 2.44M Shares (5.4%) of DEA
Rhea-AI Filing Summary
State Street Corporation reported beneficial ownership of 2,442,631 shares of Easterly Government Properties common stock, representing 5.4% of the class. The filing indicates State Street has no sole voting or dispositive power but holds shared voting power of 2,038,170 shares and shared dispositive power over 2,442,631 shares. The disclosure lists several State Street investment-adviser subsidiaries that hold the positions.
The filing is submitted on a Schedule 13G and includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The report provides transparent, institution-level ownership detail for investors assessing shareholder composition.
Positive
- Transparent institutional disclosure of a material 5.4% stake (2,442,631 shares) helps investors understand shareholder composition
- Certifies passive intent: holdings stated to be acquired in the ordinary course and not for control, reducing immediate governance uncertainty
Negative
- No sole voting or dispositive power (0 shares), which means the reporting person does not have direct unilateral control
- Shared voting power structure could obscure which underlying clients or funds exercise influence
Insights
TL;DR: State Street reports a 5.4% passive stake (2.44M shares) in Easterly, disclosed under Schedule 13G; voting power is shared, not sole.
The Schedule 13G indicates institutional, passive ownership rather than an activist intent, supported by the certification that holdings were acquired in the ordinary course of business and not for control. 2,442,631 shares (5.4%) is above the 5% reporting threshold and therefore material for shareholder composition analysis. Shared voting power of 2,038,170 shares suggests influence is exercised collectively through advisory or fund structures rather than direct single-entity control. Investors should treat this as a significant disclosure about institutional ownership without evidence of a control agenda.
TL;DR: This is a routine institutional disclosure showing material passive ownership; no indication of an intent to change issuer control.
The filing names multiple State Street advisor entities as the holders, consistent with pooled client accounts and fund structures. The absence of sole voting or dispositive power (0 shares sole) and the explicit certification that the holdings are not for control indicate a passive stewardship posture. From a governance perspective, a 5.4% position is notable for board and shareholder composition analysis, but the document contains no statements of coordination, activist proposals, or plans to alter management or strategy.