Jacobs Levy Equity Management Inc. Has $9.14 Million Stake in Easterly Government Properties, Inc. $DEA

Jacobs Levy Equity Management Inc. decreased its position in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 4.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 1.92% of Easterly Government Properties worth $9,142,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DEA. Vanguard Group Inc. raised its stake in shares of Easterly Government Properties by 0.6% during 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 in the last quarter. Invesco Ltd. lifted its stake in Easterly Government Properties by 2.9% in the first quarter. Invesco Ltd. now owns 2,116,599 shares of the real estate investment trust's stock valued at $22,436,000 after acquiring an additional 60,351 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Easterly Government Properties by 1.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,001,924 shares of the real estate investment trust's stock valued at $21,220,000 after acquiring an additional 26,596 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Easterly Government Properties by 74.6% in the fourth 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 acquiring an additional 795,058 shares in the last quarter. Finally, Palisade Capital Management LP increased its stake in shares of Easterly Government Properties by 0.9% during 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. 86.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DEA has been the subject of a number of recent research reports. Wall Street Zen cut shares of Easterly Government Properties from a "hold" rating to a "sell" rating in a report on Friday, June 6th. Royal Bank Of Canada reduced their price target on 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 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 research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $27.15.

Easterly Government Properties Stock Performance

DEA stock traded up $0.30 during mid-day trading on Friday, reaching $23.72. 297,702 shares of the stock traded hands, compared to its average volume of 586,437. The firm has a market capitalization of $1.08 billion, a PE ratio of 57.93 and a beta of 0.96. The business has a 50-day moving average of $22.64 and a two-hundred day moving average of $23.02. Easterly Government Properties, Inc. has a 52 week low of $19.33 and a 52 week high of $36.31. 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 posted its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.74 EPS for the quarter, hitting analysts' consensus estimates of $0.74. Easterly Government Properties had a return on equity of 1.26% and a net margin of 5.54%.The business had revenue of $80.37 million for the quarter, compared to analyst estimates of $81.73 million. During the same period in the previous year, the company posted $0.29 earnings per share. The firm's revenue for the quarter 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. As a group, equities analysts predict that Easterly Government Properties, Inc. will post 1.17 EPS 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 issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, August 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.6%. Easterly Government Properties's payout ratio is 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.