Cyndeo Wealth Partners LLC Sells 41,781 Shares of Easterly Government Properties, Inc. $DEA

Key Points

• Cyndeo Wealth Partners LLC reduced its stake in Easterly Government Properties, Inc. by 47.7%, selling 41,781 shares and leaving it with 45,852 shares worth approximately $1,018,000.
• The company's quarterly dividend was recently reduced, with a payout of $0.45 per share, reflecting a high payout ratio of 439.02% and an annual dividend yield of 8.4%.
• Easterly Government Properties reported a 10.5% increase in revenue year-over-year, with the latest quarterly earnings hitting the consensus estimate of $0.74 EPS.

Cyndeo Wealth Partners LLC cut its position in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 47.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,852 shares of the real estate investment trust's stock after selling 41,781 shares during the quarter. Cyndeo Wealth Partners LLC owned 0.10% of Easterly Government Properties worth $1,018,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Easterly Government Properties by 0.6% during the first quarter. Vanguard Group Inc. now owns 11,221,717 shares of the real estate investment trust's stock worth $118,950,000 after buying an additional 62,164 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Easterly Government Properties by 25.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,339,515 shares of the real estate investment trust's stock valued at $24,799,000 after purchasing an additional 478,037 shares in the last quarter. Invesco Ltd. grew its stake in Easterly Government Properties by 2.9% in the first quarter. Invesco Ltd. now owns 2,116,599 shares of the real estate investment trust's stock valued at $22,436,000 after purchasing an additional 60,351 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Easterly Government Properties by 1.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,001,924 shares of the real estate investment trust's stock valued at $21,220,000 after purchasing an additional 26,596 shares in the last quarter. Finally, Palisade Capital Management LP grew its stake in Easterly Government Properties by 0.9% in the first quarter. Palisade Capital Management LP now owns 1,382,426 shares of the real estate investment trust's stock valued at $14,654,000 after purchasing an additional 11,722 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Easterly Government Properties Stock Performance

Shares of NYSE DEA opened at $21.31 on Friday. The company has a current ratio of 3.75, a quick ratio of 3.75 and a debt-to-equity ratio of 1.24. Easterly Government Properties, Inc. has a 12 month low of $19.33 and a 12 month high of $36.31. The stock has a 50 day moving average of $22.62 and a 200-day moving average of $22.39. The company has a market capitalization of $966.41 million, a P/E ratio of 51.98 and a beta of 0.95.

Easterly Government Properties (NYSE:DEA - Get Free Report) last issued its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.74 EPS for the quarter, hitting 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 company had revenue of $80.37 million during the quarter, compared to the consensus estimate of $81.73 million. During the same period in the previous year, the company posted $0.29 EPS. The firm's revenue for the quarter 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. As a group, equities research analysts predict that Easterly Government Properties, Inc. will post 1.17 EPS for the current year.

Easterly Government Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.4%. The ex-dividend date was Wednesday, August 13th. Easterly Government Properties's payout ratio is currently 439.02%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. BMO Capital Markets upgraded Easterly Government Properties from a "strong sell" rating to a "hold" rating and set a $25.00 price target for the company in a research note on Wednesday, July 16th. Weiss Ratings restated a "hold (c-)" rating on shares of Easterly Government Properties in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price 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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