20,323 Shares in Easterly Government Properties, Inc. $DEA Acquired by Ieq Capital LLC

Ieq Capital LLC purchased a new stake in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 20,323 shares of the real estate investment trust's stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. MetLife Investment Management LLC grew its position in shares of Easterly Government Properties by 1.4% in the 1st quarter. MetLife Investment Management LLC now owns 60,740 shares of the real estate investment trust's stock valued at $644,000 after acquiring an additional 812 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of Easterly Government Properties by 80.0% during the 1st quarter. Kestra Advisory Services LLC now owns 149,057 shares of the real estate investment trust's stock worth $1,580,000 after buying an additional 66,228 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Easterly Government Properties by 3.2% during the 1st quarter. Hsbc Holdings PLC now owns 89,616 shares of the real estate investment trust's stock worth $950,000 after buying an additional 2,798 shares during the period. Quantbot Technologies LP boosted its holdings in shares of Easterly Government Properties by 888.5% during the 1st quarter. Quantbot Technologies LP now owns 84,836 shares of the real estate investment trust's stock worth $899,000 after buying an additional 76,254 shares during the period. Finally, Versor Investments LP boosted its holdings in shares of Easterly Government Properties by 20.7% during the 1st quarter. Versor Investments LP now owns 70,646 shares of the real estate investment trust's stock worth $749,000 after buying an additional 12,100 shares during the period. Institutional investors own 86.51% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DEA. Royal Bank Of Canada reduced their target price on shares of Easterly Government Properties from $27.50 to $22.00 and set an "underperform" rating for the company in a report on Monday, June 2nd. 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 report on Wednesday, July 16th. Finally, Wall Street Zen downgraded shares of Easterly Government Properties from a "hold" rating to a "sell" rating in a report on Friday, June 6th. One 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $27.15.

Easterly Government Properties Price Performance

Shares of NYSE:DEA traded up $0.23 during midday trading on Friday, hitting $23.65. The stock had a trading volume of 429,501 shares, compared to its average volume of 535,568. The company's 50-day moving average price is $22.66 and its 200-day moving average price is $22.99. The company has a market capitalization of $1.07 billion, a P/E ratio of 57.68 and a beta of 0.96. 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, Inc. has a fifty-two week low of $19.33 and a fifty-two week high of $36.31.

Easterly Government Properties (NYSE:DEA - Get Free Report) last issued its 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 company had revenue of $80.37 million during the quarter, compared to analysts' expectations 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 company earned $0.29 EPS. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. As a group, equities research analysts predict that Easterly Government Properties, Inc. will post 1.17 EPS 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 given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date was Wednesday, August 13th. Easterly Government Properties's dividend payout ratio is currently 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.