Easterly Government Properties, Inc. $DEA Stock Holdings Decreased by Sonora Investment Management Group LLC

Key Points

• Sonora Investment Management Group LLC reduced its stake in Easterly Government Properties by 57.6% in Q2, selling 24,350 shares to hold 17,900 shares worth $397,000.
• Vanguard Group Inc. increased its position by 0.6%, now owning 11,221,717 shares valued at $118.95 million, along with other institutional investors augmenting their stakes.
• Easterly Government Properties recently cut its dividend to $0.45, representing an annual yield of 7.9%, alongside reporting stable earnings per share of $0.74 for Q2.

Sonora Investment Management Group LLC lowered its stake in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 57.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 17,900 shares of the real estate investment trust's stock after selling 24,350 shares during the period. Sonora Investment Management Group LLC's holdings in Easterly Government Properties were worth $397,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Easterly Government Properties by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 11,221,717 shares of the real estate investment trust's stock worth $118,950,000 after purchasing an additional 62,164 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Easterly Government Properties by 25.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,339,515 shares of the real estate investment trust's stock worth $24,799,000 after purchasing an additional 478,037 shares during the last quarter. Invesco Ltd. increased its position in shares of Easterly Government Properties by 2.9% in the 1st quarter. Invesco Ltd. now owns 2,116,599 shares of the real estate investment trust's stock worth $22,436,000 after purchasing an additional 60,351 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Easterly Government Properties by 1.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,001,924 shares of the real estate investment trust's stock worth $21,220,000 after purchasing an additional 26,596 shares during the last quarter. Finally, Palisade Capital Management LP increased its position in shares of Easterly Government Properties by 0.9% in the 1st quarter. Palisade Capital Management LP now owns 1,382,426 shares of the real estate investment trust's stock worth $14,654,000 after purchasing an additional 11,722 shares during the last quarter. Institutional investors own 86.51% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DEA shares. Wall Street Zen downgraded 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 lowered 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 report 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 for the company in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $27.15.

Easterly Government Properties Price Performance

NYSE DEA opened at $22.90 on Monday. 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. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 55.86 and a beta of 0.96. The company has a 50-day moving average price of $22.69 and a two-hundred day moving average price of $22.63.

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. Easterly Government Properties had a net margin of 5.54% and a return on equity of 1.26%. The firm had revenue of $80.37 million during the quarter, compared to analysts' expectations of $81.73 million. During the same quarter in the prior year, the firm earned $0.29 EPS. Easterly Government Properties's quarterly revenue was up 10.5% on a year-over-year basis. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. Analysts forecast that Easterly Government Properties, Inc. will post 1.17 EPS for the current year.

Easterly Government Properties Cuts Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend was Wednesday, August 13th. Easterly Government Properties's dividend payout ratio is currently 439.02%.

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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