Easterly Government Properties, Inc. $DEA Shares Bought 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 holdings in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 2.9% in the first quarter, according to the company in 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 about 4.71% of Easterly Government Properties worth $22,436,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DEA. Sterling Capital Management LLC raised its stake in Easterly Government Properties by 814.7% in the fourth quarter. Sterling Capital Management LLC now owns 3,110 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 2,770 shares during the last quarter. Quarry LP raised its stake in Easterly Government Properties by 604.0% in the fourth quarter. Quarry LP now owns 5,878 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 5,043 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Easterly Government Properties in the fourth quarter worth about $70,000. Parvin Asset Management LLC purchased a new position in shares of Easterly Government Properties in the fourth quarter worth about $87,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Easterly Government Properties in the first quarter worth about $109,000. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Easterly Government Properties Stock Performance

Easterly Government Properties stock traded down $0.14 during midday trading on Tuesday, hitting $22.39. 596,996 shares of the company were exchanged, compared to its average volume of 523,449. The firm has a market capitalization of $1.02 billion, a PE ratio of 54.60 and a beta of 0.94. Easterly Government Properties, Inc. has a fifty-two week low of $19.33 and a fifty-two week high of $36.31. The business has a fifty day simple moving average of $22.52 and a two-hundred day simple moving average of $23.31. The company has a debt-to-equity ratio of 1.24, a quick ratio of 3.75 and a current ratio of 3.75.

Easterly Government Properties (NYSE:DEA - Get Free Report) last posted 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. 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 for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. On average, sell-side analysts forecast that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current year.

Easterly Government Properties Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Wednesday, August 13th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend was Wednesday, August 13th. Easterly Government Properties's dividend payout ratio (DPR) is 439.02%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DEA shares. Wall Street Zen cut Easterly Government Properties from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Royal Bank Of Canada reduced their price objective on Easterly Government Properties from $27.50 to $22.00 and set an "underperform" rating for the company in a research note on Monday, June 2nd. Finally, BMO Capital Markets upgraded Easterly Government Properties from a "strong sell" rating to a "hold" rating and set a $25.00 price objective for the company in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Easterly Government Properties presently has a consensus rating of "Hold" and an average 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.