Easterly Government Properties, Inc. $DEA Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Easterly Government Properties by 25.7%, owning approximately 5.21% of the company after acquiring an additional 478,037 shares.
• Easterly Government Properties reported a quarterly earnings per share of $0.74, meeting analyst expectations, with a year-over-year revenue increase of 10.5%.
• The company announced a dividend cut with a payout ratio of 439.02%, paying a $0.45 dividend on August 25th which equates to a yield of 7.8%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 25.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,339,515 shares of the real estate investment trust's stock after buying an additional 478,037 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 5.21% of Easterly Government Properties worth $24,799,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in DEA. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Easterly Government Properties in the fourth quarter valued at approximately $70,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Easterly Government Properties in the 1st quarter valued at $109,000. Lazard Asset Management LLC raised its position in Easterly Government Properties by 182.2% in the 4th quarter. Lazard Asset Management LLC now owns 10,445 shares of the real estate investment trust's stock valued at $118,000 after purchasing an additional 6,744 shares during the last quarter. Kaizen Financial Strategies purchased a new stake in Easterly Government Properties in the 1st quarter valued at $111,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Easterly Government Properties during the 4th quarter worth $121,000. Institutional investors and hedge funds own 86.51% of the company's stock.

Easterly Government Properties Stock Performance

Shares of DEA stock traded up $0.30 during mid-day trading on Friday, hitting $23.72. The stock had a trading volume of 297,702 shares, compared to its average volume of 586,437. The firm has a market cap of $1.08 billion, a PE ratio of 57.93 and a beta of 0.96. The company's 50-day simple moving average is $22.64 and its 200-day simple moving average is $23.02. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.75 and a quick ratio of 3.75. Easterly Government Properties, Inc. has a fifty-two week low of $19.33 and a fifty-two week high of $36.31.

Easterly Government Properties (NYSE:DEA - Get Free Report) last issued its quarterly 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 business had revenue of $80.37 million for the quarter, compared to analyst estimates of $81.73 million. Easterly Government Properties had a net margin of 5.54% and a return on equity of 1.26%. The business's revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 earnings per share. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. Sell-side analysts anticipate that Easterly Government Properties, Inc. will post 1.17 earnings per share 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 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend was Wednesday, August 13th. Easterly Government Properties's dividend payout ratio is 439.02%.

Analyst Ratings Changes

A number of research firms have commented on DEA. Royal Bank Of Canada dropped their price objective on shares of Easterly Government Properties from $27.50 to $22.00 and set an "underperform" rating on the stock in a research note on Monday, June 2nd. 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. Finally, Wall Street Zen downgraded Easterly Government Properties from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Easterly Government Properties has a consensus rating of "Hold" and a consensus 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.