Jacobs Levy Equity Management Inc. Sells 38,641 Shares of Easterly Government Properties, Inc. $DEA

Jacobs Levy Equity Management Inc. trimmed its position in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 4.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 862,461 shares of the real estate investment trust's stock after selling 38,641 shares during the period. Jacobs Levy Equity Management Inc. owned about 1.92% of Easterly Government Properties worth $9,142,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DEA. Raymond James Financial Inc. bought a new position in Easterly Government Properties during the 4th quarter worth approximately $252,000. Price T Rowe Associates Inc. MD grew its position in Easterly Government Properties by 8.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 84,081 shares of the real estate investment trust's stock worth $956,000 after acquiring an additional 6,211 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in Easterly Government Properties during the 4th quarter worth approximately $208,000. Northern Trust Corp grew its position in Easterly Government Properties by 30.0% during the 4th quarter. Northern Trust Corp now owns 1,320,709 shares of the real estate investment trust's stock worth $15,003,000 after acquiring an additional 304,797 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Easterly Government Properties by 76.3% during the 4th quarter. Ameriprise Financial Inc. now owns 716,679 shares of the real estate investment trust's stock worth $8,141,000 after acquiring an additional 310,161 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Easterly Government Properties Stock Up 1.0%

NYSE:DEA traded up $0.23 during trading hours on Friday, reaching $23.65. 429,501 shares of the company traded hands, compared to its average volume of 535,568. The business's 50-day moving average price is $22.66 and its two-hundred day moving average price is $22.95. The stock has a market capitalization of $1.07 billion, a P/E ratio of 57.68 and a beta of 0.96. Easterly Government Properties, Inc. has a 1 year low of $19.33 and a 1 year 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 announced its quarterly earnings data 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 analysts' expectations of $81.73 million. Easterly Government Properties had a return on equity of 1.26% and a net margin of 5.54%.The firm's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 earnings per share. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. Analysts predict that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current 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 paid a $0.45 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $1.80 annualized dividend and a dividend yield of 7.6%. Easterly Government Properties's payout ratio is currently 439.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wall Street Zen lowered Easterly Government Properties from a "hold" rating to a "sell" rating in a research 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 on the stock in a research report 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 on the stock in a research report on Wednesday, July 16th. One research 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. According to MarketBeat.com, Easterly Government Properties currently has a consensus rating of "Hold" and a consensus target price of $27.15.

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.