State of Alaska Department of Revenue Sells 58,938 Shares of Easterly Government Properties, Inc. $DEA

Key Points

• The State of Alaska Department of Revenue sold 58,938 shares of Easterly Government Properties, reducing its holdings by 57.1%, leaving it with approximately 44,352 shares worth $982,000.
• Easterly Government Properties posted a quarterly earnings report with an EPS of $0.74, matching analyst projections, though its revenue of $80.37 million fell short of expectations.
• The company recently announced a quarterly dividend of $0.45 per share, resulting in an annual yield of 8.0%, but has a high payout ratio of 439.02%.

State of Alaska Department of Revenue reduced its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 57.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,352 shares of the real estate investment trust's stock after selling 58,938 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.10% of Easterly Government Properties worth $982,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of DEA. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Easterly Government Properties during the 4th quarter valued at $121,000. GAMMA Investing LLC boosted its holdings in shares of Easterly Government Properties by 635.0% in the 1st quarter. GAMMA Investing LLC now owns 18,433 shares of the real estate investment trust's stock worth $195,000 after buying an additional 15,925 shares during the last quarter. SG Americas Securities LLC bought a new position in Easterly Government Properties during the first quarter valued at about $542,000. Exchange Traded Concepts LLC bought a new position in Easterly Government Properties during the first quarter valued at about $760,000. Finally, Cyndeo Wealth Partners LLC purchased a new stake in Easterly Government Properties during the first quarter worth about $929,000. Hedge funds and other institutional investors own 86.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a "hold (c-)" rating on shares of Easterly Government Properties in a research note on Saturday, September 27th. BMO Capital Markets upgraded 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. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $27.15.

Easterly Government Properties Trading Up 0.1%

Shares of DEA stock opened at $22.58 on Monday. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 55.08 and a beta of 0.95. The company's fifty day simple moving average is $22.66 and its two-hundred day simple moving average is $22.50. Easterly Government Properties, Inc. has a 1 year low of $19.33 and a 1 year high of $36.31. 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 (NYSE:DEA - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.74 EPS for the quarter, hitting analysts' consensus estimates of $0.74. The firm had revenue of $80.37 million during the quarter, compared to analyst estimates of $81.73 million. Easterly Government Properties had a return on equity of 1.26% and a net margin of 5.54%.The business's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the company earned $0.29 earnings per share. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. As a group, analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend was Wednesday, August 13th. Easterly Government Properties's payout ratio is presently 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.

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