Vanguard Group Inc. Buys 62,164 Shares of Easterly Government Properties, Inc. $DEA

Key Points

• Vanguard Group Inc. increased its stake in Easterly Government Properties by 0.6%, acquiring an additional 62,164 shares, bringing their total ownership to 11,221,717 shares, valued at approximately $118.95 million.
• Easterly Government Properties recently reported earnings of $0.74 per share, matching analysts' expectations, but had a revenue of $80.37 million, slightly below the forecast.
• The company announced a quarterly dividend of $0.45 per share, resulting in an annualized yield of 8.2%, despite a very high dividend payout ratio of 439.02%.

Vanguard Group Inc. raised its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 0.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,221,717 shares of the real estate investment trust's stock after acquiring an additional 62,164 shares during the quarter. Vanguard Group Inc. owned approximately 24.99% of Easterly Government Properties worth $118,950,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sterling Capital Management LLC boosted its position in Easterly Government Properties by 814.7% during the 4th quarter. Sterling Capital Management LLC now owns 3,110 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 2,770 shares in the last quarter. Quarry LP boosted its position in Easterly Government Properties by 604.0% during the 4th quarter. Quarry LP now owns 5,878 shares of the real estate investment trust's stock valued at $67,000 after acquiring an additional 5,043 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Easterly Government Properties during the 4th quarter valued at $70,000. Parvin Asset Management LLC acquired a new stake in shares of Easterly Government Properties in the 4th quarter worth $87,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Easterly Government Properties in the 1st quarter worth $109,000. Institutional investors own 86.51% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on DEA shares. Wall Street Zen cut Easterly Government Properties from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Royal Bank Of Canada lowered their price objective 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 for the company in a research report on Wednesday, July 16th. One 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's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $27.15.

Easterly Government Properties Stock Performance

Shares of DEA stock opened at $21.9690 on Friday. The firm has a market capitalization of $996.29 million, a price-to-earnings ratio of 53.58 and a beta of 0.94. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.75 and a quick ratio of 3.75. The business has a fifty day moving average of $22.55 and a 200 day moving average of $23.44. Easterly Government Properties, Inc. has a 1 year low of $19.33 and a 1 year high of $36.31.

Easterly Government Properties (NYSE:DEA - Get Free Report) last issued its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.74. The company 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 firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. As a group, research analysts expect that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current year.

Easterly Government Properties Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Wednesday, August 13th will be paid a $0.45 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $1.80 dividend on an annualized basis and a yield of 8.2%. Easterly Government Properties's dividend payout ratio (DPR) is 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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