Yousif Capital Management LLC Reduces Holdings in Easterly Government Properties, Inc. $DEA

Key Points

• Yousif Capital Management LLC has reduced its holdings in Easterly Government Properties by 58%, selling 21,603 shares and now owning only 15,655 shares valued at $348,000.
• Easterly Government Properties reported $0.74 earnings per share, meeting analysts' expectations, but its quarterly revenue of $80.37 million fell short of the consensus estimate.
• The company's annualized dividend of $1.80 leads to a dividend yield of 8.0%, despite a high dividend payout ratio of 439.02%.

Yousif Capital Management LLC reduced its position in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 58.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 15,655 shares of the real estate investment trust's stock after selling 21,603 shares during the period. Yousif Capital Management LLC's holdings in Easterly Government Properties were worth $348,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DEA. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Easterly Government Properties during the first quarter worth approximately $109,000. NewEdge Advisors LLC grew its position in shares of Easterly Government Properties by 12,846.9% during the first quarter. NewEdge Advisors LLC now owns 10,487 shares of the real estate investment trust's stock worth $111,000 after acquiring an additional 10,406 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Easterly Government Properties in the 1st quarter valued at $120,000. Montag A & Associates Inc. purchased a new stake in Easterly Government Properties in the 1st quarter valued at $129,000. Finally, Teacher Retirement System of Texas purchased a new stake in Easterly Government Properties in the 1st quarter valued at $155,000. Hedge funds and other institutional investors own 86.51% of the company's stock.

Easterly Government Properties Stock Performance

NYSE DEA opened at $22.37 on Friday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 54.57 and a beta of 0.95. The business's 50 day moving average is $22.58 and its two-hundred day moving average is $22.15. Easterly Government Properties, Inc. has a 12-month low of $19.33 and a 12-month high of $34.95. 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 quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, meeting 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 firm had revenue of $80.37 million for the quarter, compared to the consensus estimate of $81.73 million. During the same period in the previous year, the business earned $0.29 earnings per share. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. Research analysts expect that Easterly Government Properties, Inc. will post 1.17 EPS for the current year.

Easterly Government Properties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.0%. Easterly Government Properties's dividend payout ratio is 439.02%.

Analyst Upgrades and Downgrades

DEA has been the topic of several research reports. New Street Research set a $20.00 price objective on shares of Easterly Government Properties in a research report on Monday, October 13th. Weiss Ratings reissued a "hold (c-)" rating on shares of Easterly Government Properties in a report on Wednesday, October 8th. Compass Point set a $26.45 price objective on Easterly Government Properties and gave the company a "buy" rating in a research note on Wednesday, October 15th. 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. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $26.41.

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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