Easterly Government Properties, Inc. (NYSE:DEA) Shares Sold by Arizona State Retirement System

Arizona State Retirement System decreased its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEAGet Rating) by 4.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,284 shares of the real estate investment trust’s stock after selling 1,005 shares during the quarter. Arizona State Retirement System’s holdings in Easterly Government Properties were worth $492,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. M&R Capital Management Inc. boosted its holdings in shares of Easterly Government Properties by 3.2% during the first quarter. M&R Capital Management Inc. now owns 18,652 shares of the real estate investment trust’s stock worth $394,000 after purchasing an additional 570 shares during the last quarter. UMB Bank N A MO boosted its holdings in Easterly Government Properties by 54.9% in the first quarter. UMB Bank N A MO now owns 2,105 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 746 shares during the last quarter. abrdn plc boosted its holdings in Easterly Government Properties by 5.9% in the fourth quarter. abrdn plc now owns 18,121 shares of the real estate investment trust’s stock valued at $415,000 after acquiring an additional 1,004 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in Easterly Government Properties by 3.3% in the fourth quarter. Maryland State Retirement & Pension System now owns 34,340 shares of the real estate investment trust’s stock valued at $787,000 after acquiring an additional 1,110 shares during the last quarter. Finally, Pictet Asset Management SA boosted its holdings in Easterly Government Properties by 4.2% in the fourth quarter. Pictet Asset Management SA now owns 33,021 shares of the real estate investment trust’s stock valued at $757,000 after acquiring an additional 1,333 shares during the last quarter. Institutional investors and hedge funds own 84.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DEA shares. Truist Financial reduced their target price on Easterly Government Properties from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Thursday, June 30th. Royal Bank of Canada reduced their target price on Easterly Government Properties from $24.00 to $21.00 in a report on Monday, July 11th. Finally, Jefferies Financial Group cut their price objective on Easterly Government Properties from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, June 30th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.10.

Easterly Government Properties Trading Down 1.4 %

NYSE:DEA opened at $19.14 on Thursday. The business’s 50-day moving average is $19.32 and its two-hundred day moving average is $20.04. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.01 and a quick ratio of 4.01. Easterly Government Properties, Inc. has a 12 month low of $18.01 and a 12 month high of $23.65. The firm has a market capitalization of $1.74 billion, a PE ratio of 54.69 and a beta of 0.52.

Easterly Government Properties (NYSE:DEAGet Rating) last announced its earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.26). Easterly Government Properties had a return on equity of 2.18% and a net margin of 10.78%. The business had revenue of $72.30 million for the quarter, compared to analysts’ expectations of $74.73 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue was up 11.2% compared to the same quarter last year. Research analysts predict that Easterly Government Properties, Inc. will post 1.34 earnings per share for the current fiscal year.

Easterly Government Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 23rd. Stockholders of record on Thursday, August 11th will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date is Wednesday, August 10th. Easterly Government Properties’s payout ratio is 302.87%.

Easterly Government Properties Company Profile

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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.

See Also

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Institutional Ownership by Quarter for Easterly Government Properties (NYSE:DEA)

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