Easterly Government Properties, Inc. $DEA Position Raised by Invesco Ltd.

Key Points

• Invesco Ltd. raised its stake in Easterly Government Properties, Inc. by 2.9%, now owning approximately 4.71% of the company valued at $22,436,000.
• Easterly Government Properties recently cut its dividend to $0.45 per share, resulting in an annual yield of 8.2% and a payout ratio of 439.02%.
• Analysts have mixed ratings on the stock, with one Buy, three Holds, and one Sell, while the average target price is set at $27.15.

Invesco Ltd. raised its stake in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 2.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,116,599 shares of the real estate investment trust's stock after buying an additional 60,351 shares during the quarter. Invesco Ltd. owned approximately 4.71% of Easterly Government Properties worth $22,436,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Montag A & Associates Inc. bought a new stake in Easterly Government Properties in the first quarter valued at $129,000. Capital Investment Advisory Services LLC bought a new stake in Easterly Government Properties in the first quarter valued at $394,000. Principal Financial Group Inc. lifted its stake in Easterly Government Properties by 2.7% in the first quarter. Principal Financial Group Inc. now owns 494,419 shares of the real estate investment trust's stock valued at $5,241,000 after buying an additional 12,863 shares during the last quarter. Natixis Advisors LLC bought a new stake in Easterly Government Properties in the first quarter valued at $236,000. Finally, Penserra Capital Management LLC increased its holdings in shares of Easterly Government Properties by 21.0% during the first quarter. Penserra Capital Management LLC now owns 89,816 shares of the real estate investment trust's stock valued at $952,000 after purchasing an additional 15,599 shares during the period. 86.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DEA. Royal Bank Of Canada lowered their price target on Easterly Government Properties from $27.50 to $22.00 and set an "underperform" rating on the stock in a report on Monday, June 2nd. Wall Street Zen lowered Easterly Government Properties from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Finally, BMO Capital Markets raised Easterly Government Properties from a "strong sell" rating to a "hold" rating and set a $25.00 price target on the stock in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Easterly Government Properties presently has an average rating of "Hold" and an average target price of $27.15.

Easterly Government Properties Price Performance

NYSE:DEA opened at $22.0650 on Thursday. The business's 50-day moving average price is $22.58 and its 200 day moving average price is $23.48. The firm has a market cap of $1.00 billion, a P/E ratio of 53.82 and a beta of 0.94. Easterly Government Properties, Inc. has a 52-week low of $19.33 and a 52-week high of $36.31. The company has a quick ratio of 3.75, a current ratio of 3.75 and a debt-to-equity ratio of 1.24.

Easterly Government Properties (NYSE:DEA - Get Free Report) last released its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.74. The firm had revenue of $80.37 million for the quarter, compared to analyst estimates of $81.73 million. Easterly Government Properties had a return on equity of 1.26% and a net margin of 5.54%.Easterly Government Properties's revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. As a group, sell-side analysts predict that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current fiscal year.

Easterly Government Properties Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Wednesday, August 13th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Wednesday, August 13th. Easterly Government Properties's payout ratio is presently 439.02%.

About Easterly Government Properties

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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