Abel Hall LLC Takes Position in Easterly Government Properties, Inc. $DEA

Key Points

• Abel Hall LLC has acquired a new stake in Easterly Government Properties, purchasing 15,700 shares valued at approximately $349,000.
• Easterly Government Properties reported a 10.5% increase in quarterly revenue year-over-year, generating $80.37 million, although it did not meet the consensus estimate of $81.73 million.
• The company has announced a quarterly dividend of $0.45 per share, resulting in a high dividend payout ratio of 439.02%.

Abel Hall LLC bought a new stake in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,700 shares of the real estate investment trust's stock, valued at approximately $349,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Nissay Asset Management Corp Japan ADV lifted its position in shares of Easterly Government Properties by 3.2% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,197 shares of the real estate investment trust's stock valued at $161,000 after buying an additional 465 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Easterly Government Properties by 1.4% during the 1st quarter. MetLife Investment Management LLC now owns 60,740 shares of the real estate investment trust's stock valued at $644,000 after buying an additional 812 shares in the last quarter. PharVision Advisers LLC lifted its position in shares of Easterly Government Properties by 6.2% during the 1st quarter. PharVision Advisers LLC now owns 24,913 shares of the real estate investment trust's stock valued at $264,000 after buying an additional 1,456 shares in the last quarter. Arrow Investment Advisors LLC lifted its position in shares of Easterly Government Properties by 14.2% during the 1st quarter. Arrow Investment Advisors LLC now owns 13,548 shares of the real estate investment trust's stock valued at $144,000 after buying an additional 1,686 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in shares of Easterly Government Properties by 10.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 27,217 shares of the real estate investment trust's stock valued at $288,000 after buying an additional 2,501 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company's stock.

Easterly Government Properties Stock Down 1.3%

NYSE DEA opened at $21.95 on Wednesday. The business has a fifty day moving average price of $22.64 and a 200 day moving average price of $22.46. Easterly Government Properties, Inc. has a one year low of $19.33 and a one year high of $36.31. The company has a debt-to-equity ratio of 1.24, a quick ratio of 3.75 and a current ratio of 3.75. The company has a market cap of $995.21 million, a P/E ratio of 53.53 and a beta of 0.95.

Easterly Government Properties (NYSE:DEA - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. Easterly Government Properties had a return on equity of 1.26% and a net margin of 5.54%.The firm had revenue of $80.37 million during the quarter, compared to the consensus estimate of $81.73 million. During the same period in the prior year, the company earned $0.29 EPS. The firm's revenue was up 10.5% compared to the same quarter last year. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. Research analysts anticipate that Easterly Government Properties, Inc. will post 1.17 EPS for the current fiscal year.

Easterly Government Properties Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.2%. Easterly Government Properties's dividend payout ratio (DPR) is 439.02%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DEA. Weiss Ratings reiterated a "hold (c-)" rating on shares of Easterly Government Properties in a research report on Saturday, September 27th. BMO Capital Markets upgraded Easterly Government Properties from a "strong sell" rating to a "hold" rating and set a $25.00 target price on the stock in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $27.15.

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.

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