Ieq Capital LLC purchased a new position in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,323 shares of the real estate investment trust's stock, valued at approximately $215,000.
A number of other large investors also recently bought and sold shares of DEA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Easterly Government Properties by 74.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,861,478 shares of the real estate investment trust's stock worth $21,146,000 after purchasing an additional 795,058 shares during the period. Nuveen LLC acquired a new position in Easterly Government Properties in the 1st quarter worth about $7,487,000. Two Sigma Investments LP raised its holdings in Easterly Government Properties by 276.8% in the 4th quarter. Two Sigma Investments LP now owns 838,081 shares of the real estate investment trust's stock worth $9,521,000 after purchasing an additional 615,688 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Easterly Government Properties by 196.2% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 901,102 shares of the real estate investment trust's stock worth $10,237,000 after purchasing an additional 596,924 shares during the period. Finally, Longfellow Investment Management Co. LLC raised its holdings in Easterly Government Properties by 543.8% in the 1st quarter. Longfellow Investment Management Co. LLC now owns 703,758 shares of the real estate investment trust's stock worth $7,460,000 after purchasing an additional 594,449 shares during the period. Institutional investors and hedge funds own 86.51% of the company's stock.
Easterly Government Properties Price Performance
NYSE:DEA traded down $0.02 during trading hours on Friday, hitting $23.40. 22,237 shares of the stock were exchanged, compared to its average volume of 585,048. 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 firm's fifty day moving average price is $22.64 and its 200 day moving average price is $23.02. The company has a market cap of $1.06 billion, a P/E ratio of 57.12 and a beta of 0.96. Easterly Government Properties, Inc. has a 52-week low of $19.33 and a 52-week high of $36.31.
Easterly Government Properties (NYSE:DEA - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 business's revenue was up 10.5% compared to the same quarter last year. 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, equities research analysts anticipate that Easterly Government Properties, Inc. will post 1.17 EPS for the current fiscal 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 given a $0.45 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.7%. Easterly Government Properties's dividend payout ratio is 439.02%.
Analyst Upgrades and Downgrades
DEA has been the subject of a number of analyst reports. Wall Street Zen cut Easterly Government Properties from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Royal Bank Of Canada cut their price objective on 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 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 note 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $27.15.
View Our Latest Analysis on Easterly Government Properties
About Easterly Government Properties
(
Free Report)
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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