Easterly Government Properties, Inc. $DEA Shares Sold by Xcel Wealth Management LLC

Key Points

• Xcel Wealth Management LLC cut its stake in Easterly Government Properties by 66.3%, ending the quarter with 134,475 shares valued at approximately $2.98 million.
• The company recently declared a $0.45 quarterly dividend, equating to an annualized dividend yield of 7.9%, although its payout ratio is notably high at 439.02%.
• Easterly Government Properties reported a net margin of 5.54% and posted $0.74 EPS, meeting analysts' expectations, but with revenue slightly below estimates at $80.37 million.

Xcel Wealth Management LLC trimmed its position in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 66.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,475 shares of the real estate investment trust's stock after selling 264,092 shares during the quarter. Xcel Wealth Management LLC owned 0.30% of Easterly Government Properties worth $2,985,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. boosted its holdings in Easterly Government Properties by 10.9% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 43,477 shares of the real estate investment trust's stock valued at $460,000 after purchasing an additional 4,273 shares in the last quarter. Montag A & Associates Inc. acquired a new stake in shares of Easterly Government Properties in the 1st quarter valued at approximately $129,000. Principal Financial Group Inc. boosted its stake in shares of 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 in the last quarter. Capital Investment Advisory Services LLC acquired a new position in Easterly Government Properties during the first quarter worth $394,000. Finally, Wealthedge Investment Advisors LLC raised its position in Easterly Government Properties by 154.0% in the first quarter. Wealthedge Investment Advisors LLC now owns 114,472 shares of the real estate investment trust's stock worth $1,213,000 after acquiring an additional 69,397 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Easterly Government Properties Trading Down 1.2%

Shares of DEA stock opened at $22.75 on Thursday. Easterly Government Properties, Inc. has a fifty-two week low of $19.33 and a fifty-two week high of $36.31. The stock has a market cap of $1.03 billion, a P/E ratio of 55.49 and a beta of 0.96. The business has a fifty day simple moving average of $22.69 and a 200-day simple moving average of $22.72. 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 data 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 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 for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 EPS. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. On average, 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 firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th were given a $0.45 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $1.80 annualized dividend and a dividend yield of 7.9%. Easterly Government Properties's dividend payout ratio is currently 439.02%.

Wall Street Analyst Weigh In

DEA has been the topic of several research analyst reports. Wall Street Zen lowered shares of Easterly Government Properties from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Royal Bank Of Canada reduced their price objective on shares of 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 raised shares of Easterly Government Properties from a "strong sell" rating to a "hold" rating and set a $25.00 price objective on the stock in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus 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.

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