Easterly Government Properties, Inc. $DEA Shares Sold by Abundance Wealth Counselors

Key Points

• Abundance Wealth Counselors reduced its stake in Easterly Government Properties by 56.1%, owning 34,239 shares after selling 43,804 shares in the second quarter, representing approximately 0.08% of the company valued at $760,000.
• DEA experienced mixed analyst ratings, with BMO Capital Markets upgrading it from "strong sell" to "hold," while others have issued sell ratings, leading to an average rating of "Hold" and a consensus target price of $27.15.
• The company recently cut its dividend to $0.45 per share, yielding 8.0%, while maintaining a high dividend payout ratio of 439.02%.

Abundance Wealth Counselors cut its stake in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 56.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,239 shares of the real estate investment trust's stock after selling 43,804 shares during the period. Abundance Wealth Counselors owned approximately 0.08% of Easterly Government Properties worth $760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in DEA. Nissay Asset Management Corp Japan ADV grew its position in Easterly Government Properties by 3.2% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,197 shares of the real estate investment trust's stock worth $161,000 after acquiring an additional 465 shares during the period. MetLife Investment Management LLC grew its position in Easterly Government Properties by 1.4% in the first quarter. MetLife Investment Management LLC now owns 60,740 shares of the real estate investment trust's stock worth $644,000 after acquiring an additional 812 shares during the period. PharVision Advisers LLC grew its position in Easterly Government Properties by 6.2% in the first quarter. PharVision Advisers LLC now owns 24,913 shares of the real estate investment trust's stock worth $264,000 after acquiring an additional 1,456 shares during the period. Arrow Investment Advisors LLC grew its position in Easterly Government Properties by 14.2% in the first quarter. Arrow Investment Advisors LLC now owns 13,548 shares of the real estate investment trust's stock worth $144,000 after acquiring an additional 1,686 shares during the period. Finally, Accel Wealth Management grew its position in Easterly Government Properties by 20.0% in the first quarter. Accel Wealth Management now owns 12,000 shares of the real estate investment trust's stock worth $127,000 after acquiring an additional 2,000 shares during the period. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DEA has been the subject of several analyst reports. 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 report on Wednesday, July 16th. Wall Street Zen lowered Easterly Government Properties from a "hold" rating to a "sell" rating in a research report 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. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $27.15.

Easterly Government Properties Trading Down 0.6%

DEA opened at $22.56 on Friday. Easterly Government Properties, Inc. has a 52 week low of $19.33 and a 52 week high of $36.31. The business has a fifty day simple moving average of $22.67 and a 200-day simple moving average of $22.58. The firm has a market cap of $1.02 billion, a P/E ratio of 55.01 and a beta of 0.95. 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 quarterly 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 business had revenue of $80.37 million during 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%.The company's quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the business posted $0.29 earnings per share. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. On average, equities analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 8.0%. The ex-dividend date was Wednesday, August 13th. Easterly Government Properties's dividend payout ratio (DPR) 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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