Kempner Capital Management Inc. Sells 292,005 Shares of Easterly Government Properties, Inc. $DEA

Key Points

• Kempner Capital Management Inc. has reduced its stake in Easterly Government Properties by 60%, selling 292,005 shares and now holding 194,669 shares, marking it as the firm's 23rd largest holding.
• Analysts have varied views on Easterly Government Properties, with BMO Capital Markets upgrading it to a "hold" and Royal Bank of Canada lowering its price target to $22.00 and rating it as "underperform."
• The company's recent earnings report showed a net margin of 5.54% and a year-over-year revenue increase of 10.5%, with a quarterly EPS of $0.74 that met analyst expectations.

Kempner Capital Management Inc. cut its holdings in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 60.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 194,669 shares of the real estate investment trust's stock after selling 292,005 shares during the period. Easterly Government Properties comprises 2.3% of Kempner Capital Management Inc.'s holdings, making the stock its 23rd largest holding. Kempner Capital Management Inc. owned approximately 0.43% of Easterly Government Properties worth $4,322,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Easterly Government Properties in the 1st quarter worth about $109,000. Kaizen Financial Strategies bought a new stake in shares of Easterly Government Properties in the 1st quarter worth about $111,000. NewEdge Advisors LLC increased its holdings in shares of Easterly Government Properties by 12,846.9% in the 1st quarter. NewEdge Advisors LLC now owns 10,487 shares of the real estate investment trust's stock worth $111,000 after buying an additional 10,406 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Easterly Government Properties in the 1st quarter worth about $120,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Easterly Government Properties in the 4th quarter worth about $121,000. 86.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. BMO Capital Markets raised shares of Easterly Government Properties from a "strong sell" rating to a "hold" rating and set a $25.00 price target for the company in a research note on Wednesday, July 16th. Wall Street Zen cut shares of Easterly Government Properties from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Finally, Royal Bank Of Canada dropped their price target on shares of 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. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $27.15.

Easterly Government Properties Price Performance

Easterly Government Properties stock opened at $23.02 on Wednesday. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 56.14 and a beta of 0.96. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.75 and a quick ratio of 3.75. Easterly Government Properties, Inc. has a 1 year low of $19.33 and a 1 year high of $36.31. The firm has a 50-day moving average of $22.70 and a two-hundred day moving average of $22.72.

Easterly Government Properties (NYSE:DEA - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.74 earnings per share (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 firm's quarterly revenue was up 10.5% on a year-over-year basis. 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. On average, research analysts forecast that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current year.

Easterly Government Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend was Wednesday, August 13th. 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.

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