Easterly Government Properties, Inc. (NYSE:DEA) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in Easterly Government Properties, Inc. (NYSE:DEA) by 14.0% in the third quarter, HoldingsChannel reports. The fund owned 14,561 shares of the real estate investment trust’s stock after selling 2,368 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Easterly Government Properties were worth $198,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Easterly Government Properties by 56.6% in the second quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,086 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Easterly Government Properties by 35.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 997 shares in the last quarter. KBC Group NV increased its stake in shares of Easterly Government Properties by 62.4% during the third quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 2,014 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Easterly Government Properties during the second quarter worth about $115,000. Finally, Signaturefd LLC increased its stake in shares of Easterly Government Properties by 34.6% during the second quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 2,563 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Easterly Government Properties Stock Up 0.3 %

Shares of NYSE DEA opened at $12.36 on Friday. Easterly Government Properties, Inc. has a 12-month low of $10.94 and a 12-month high of $14.52. The stock has a market cap of $1.31 billion, a PE ratio of 68.44 and a beta of 0.72. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07. The company has a 50-day moving average of $13.31 and a 200 day moving average of $13.02.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.24). Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The firm had revenue of $74.78 million during the quarter, compared to analysts’ expectations of $74.98 million. During the same period last year, the company earned $0.29 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, sell-side analysts predict that Easterly Government Properties, Inc. will post 1.15 EPS for the current fiscal year.

Easterly Government Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.265 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.06 annualized dividend and a dividend yield of 8.58%. Easterly Government Properties’s dividend payout ratio (DPR) is 588.89%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Truist Financial boosted their target price on shares of Easterly Government Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Thursday, August 29th. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group raised shares of Easterly Government Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $13.00 to $15.00 in a research note on Monday, October 14th.

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.