Public Sector Pension Investment Board Grows Position in Easterly Government Properties, Inc. $DEA

Key Points

• The Public Sector Pension Investment Board increased its stake in Easterly Government Properties, Inc. by 27.2% during the first quarter, owning approximately $3.34 million worth of shares.
• Analysts have varied opinions on Easterly's stock, with BMO Capital Markets upgrading it to a "hold" rating while Royal Bank of Canada lowered its price target, indicating differing outlooks on the company's performance.
• Easterly Government Properties recently declared a $0.45 quarterly dividend, resulting in an annual yield of 8.2%, despite a high dividend payout ratio of 439.02%.

Public Sector Pension Investment Board grew its holdings in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 27.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 314,854 shares of the real estate investment trust's stock after acquiring an additional 67,373 shares during the period. Public Sector Pension Investment Board owned 0.70% of Easterly Government Properties worth $3,337,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Longfellow Investment Management Co. LLC raised its position in shares of Easterly Government Properties by 543.8% during the 1st quarter. Longfellow Investment Management Co. LLC now owns 703,758 shares of the real estate investment trust's stock valued at $7,460,000 after purchasing an additional 594,449 shares during the period. Nuveen LLC bought a new stake in shares of Easterly Government Properties during the 1st quarter valued at $7,487,000. Aigen Investment Management LP bought a new stake in shares of Easterly Government Properties during the 1st quarter valued at $531,000. Invesco Ltd. raised its position in shares of Easterly Government Properties by 2.9% during the 1st quarter. Invesco Ltd. now owns 2,116,599 shares of the real estate investment trust's stock valued at $22,436,000 after purchasing an additional 60,351 shares during the period. Finally, Swiss National Bank raised its position in shares of Easterly Government Properties by 1.6% during the 1st quarter. Swiss National Bank now owns 194,410 shares of the real estate investment trust's stock valued at $2,061,000 after purchasing an additional 3,100 shares during the period. 86.51% of the stock is currently owned by institutional investors.

Easterly Government Properties Price Performance

DEA traded up $0.51 during trading on Friday, hitting $22.52. 506,109 shares of the company traded hands, compared to its average volume of 518,571. The company has a market cap of $1.02 billion, a PE ratio of 54.93 and a beta of 0.94. The stock's 50-day simple moving average is $22.54 and its two-hundred day simple moving average is $23.35. 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 posted its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.74 earnings per share 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%. Easterly Government Properties's quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the company posted $0.29 earnings per share. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. As a group, sell-side analysts anticipate that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current fiscal year.

Easterly Government Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.0%. Easterly Government Properties's payout ratio is 439.02%.

Analysts Set New Price Targets

DEA has been the topic of several recent analyst reports. Royal Bank Of Canada decreased their price objective on shares of 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. BMO Capital Markets upgraded shares of 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. Finally, 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. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Easterly Government Properties has an average rating of "Hold" and an average target price of $27.15.

Easterly Government Properties Company 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.