Easterly Government Properties, Inc. $DEA Shares Sold by Aurora Investment Managers LLC.

Key Points

• Aurora Investment Managers LLC reduced its stake in Easterly Government Properties, Inc. by 61.1%, now holding 124,801 shares valued at approximately $2.77 million.
• Despite some institutional sales, several new investments were made in Easterly, with 86.51% of the company's stock now held by institutional investors and hedge funds.
• The recent earnings report indicated a stable EPS of $0.74, while a dividend payout ratio of 439.02% raises concerns about sustainability.

Aurora Investment Managers LLC. lessened its stake in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 61.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 124,801 shares of the real estate investment trust's stock after selling 195,712 shares during the period. Easterly Government Properties accounts for about 1.7% of Aurora Investment Managers LLC.'s holdings, making the stock its 22nd biggest position. Aurora Investment Managers LLC. owned approximately 0.28% of Easterly Government Properties worth $2,771,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of DEA. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Easterly Government Properties in the fourth quarter valued at approximately $121,000. GAMMA Investing LLC increased its stake in shares of Easterly Government Properties by 635.0% during the first quarter. GAMMA Investing LLC now owns 18,433 shares of the real estate investment trust's stock worth $195,000 after acquiring an additional 15,925 shares during the period. SG Americas Securities LLC acquired a new position in shares of Easterly Government Properties during the first quarter worth about $542,000. Exchange Traded Concepts LLC acquired a new position in shares of Easterly Government Properties during the first quarter worth about $760,000. Finally, Cyndeo Wealth Partners LLC acquired a new position in shares of Easterly Government Properties during the first quarter worth about $929,000. Institutional investors and hedge funds own 86.51% of the company's stock.

Analyst Ratings Changes

DEA has been the topic of several recent analyst reports. BMO Capital Markets upgraded Easterly Government Properties from a "strong sell" rating to a "hold" rating and set a $25.00 target price on the stock in a research report on Wednesday, July 16th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Easterly Government Properties in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Easterly Government Properties currently has a consensus rating of "Hold" and an average target price of $27.15.

Easterly Government Properties Price Performance

Shares of NYSE DEA opened at $21.86 on Thursday. The company's 50-day moving average price is $22.63 and its 200 day moving average price is $22.46. The stock has a market cap of $991.35 million, a price-to-earnings ratio of 53.32 and a beta of 0.95. Easterly Government Properties, Inc. has a 52 week low of $19.33 and a 52 week high of $36.31. 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 (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, meeting the consensus estimate 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 company's quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 earnings per share. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. As a group, research analysts forecast that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current fiscal year.

Easterly Government Properties Cuts Dividend

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

Easterly Government Properties Company 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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