Bank of New York Mellon Corp Takes Position in Easterly Government Properties, Inc. $DEA

Key Points

• Bank of New York Mellon acquired 290,275 shares of Easterly Government Properties during the second quarter, valued at approximately $7.2 million. Institutional investors collectively own 86.51% of the REIT.
• Easterly reported quarterly revenue of $92.42 million, up 9.8% year over year, while adjusted earnings of $0.06 per share matched analysts’ expectations. Management issued fiscal 2026 EPS guidance of $3.07–$3.13.
• The company paid a quarterly dividend of $0.45 per share, equal to an annualized $1.80 and a 7.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $25.06, modestly above the cited $24.28 share price.

Bank of New York Mellon Corp acquired a new position in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 290,275 shares of the real estate investment trust's stock, valued at approximately $7,237,000. Bank of New York Mellon Corp owned approximately 0.62% of Easterly Government Properties as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in Easterly Government Properties by 215.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 772 shares during the period. Parallel Advisors LLC lifted its stake in Easterly Government Properties by 318.2% during the third quarter. Parallel Advisors LLC now owns 1,334 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 1,015 shares during the last quarter. Colonial Trust Co SC bought a new stake in Easterly Government Properties during the fourth quarter worth approximately $34,000. US Bancorp DE boosted its holdings in Easterly Government Properties by 237.9% during the third quarter. US Bancorp DE now owns 1,757 shares of the real estate investment trust's stock worth $40,000 after buying an additional 1,237 shares in the last quarter. Finally, Danske Bank A S acquired a new position in Easterly Government Properties in the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 86.51% of the company's stock.

Easterly Government Properties Stock Performance

Shares of Easterly Government Properties stock opened at $24.28 on Friday. The stock has a market cap of $1.15 billion, a PE ratio of 115.62 and a beta of 0.98. The business has a fifty day simple moving average of $24.89 and a 200-day simple moving average of $23.73. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.26. Easterly Government Properties, Inc. has a 12 month low of $20.56 and a 12 month high of $25.96.

Easterly Government Properties (NYSE:DEA - Get Free Report) last released its earnings results on Monday, August 3rd. The real estate investment trust reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $92.42 million for the quarter, compared to analysts' expectations of $90.94 million. Easterly Government Properties had a return on equity of 0.75% and a net margin of 2.86%.The business's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 EPS. Easterly Government Properties has set its FY 2026 guidance at 3.070-3.130 EPS. On average, sell-side analysts anticipate that Easterly Government Properties, Inc. will post 3.1 EPS for the current fiscal year.

Easterly Government Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, August 10th were given a $0.45 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.80 dividend on an annualized basis and a yield of 7.4%. Easterly Government Properties's dividend payout ratio is presently 857.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Citigroup reiterated a "neutral" rating and set a $25.00 price objective (up from $23.00) on shares of Easterly Government Properties in a research report on Friday, August 7th. Weiss Ratings restated a "hold (c-)" rating on shares of Easterly Government Properties in a report on Monday, August 24th. Raymond James Financial reaffirmed an "outperform" rating and set a $27.00 target price on shares of Easterly Government Properties in a research report on Thursday, August 13th. Wall Street Zen raised Easterly Government Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Truist Financial increased their price target on Easterly Government Properties from $24.00 to $26.00 and gave the company a "hold" rating in a research report on Thursday, August 27th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Easterly Government Properties has a consensus rating of "Hold" and an average price target of $25.06.

About Easterly Government Properties

Easterly Government Properties, Inc is a real estate investment trust that specializes in the acquisition, development and management of commercial properties leased to U.S. government agencies. Structured as a triple-net lease REIT, the company focuses on single-tenant assets with long-term, credit-backed leases that transfer most property-level responsibilities—including taxes, insurance and maintenance—to its government tenants.

The firm’s portfolio encompasses a variety of facility types, including office buildings, training centers, laboratories and mission-critical installations used by federal agencies.

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