Fmr LLC Cuts Position in Easterly Government Properties, Inc. (NYSE:DEA)

Fmr LLC reduced its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 6.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 944,333 shares of the real estate investment trust’s stock after selling 65,019 shares during the period. Fmr LLC owned 0.89% of Easterly Government Properties worth $12,824,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 during the period. GAMMA Investing LLC increased its position in shares of Easterly Government Properties by 29.1% in the third quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 875 shares in the last quarter. KBC Group NV increased its position in shares of Easterly Government Properties by 62.4% in the third quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 2,014 shares in the last quarter. National Bank of Canada FI purchased a new position in shares of Easterly Government Properties in the second quarter valued at $115,000. Finally, Signaturefd LLC increased its position in shares of Easterly Government Properties by 34.6% in the second quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 2,563 shares in the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Easterly Government Properties Stock Performance

Shares of DEA opened at $11.78 on Thursday. The business’s 50 day moving average is $13.02 and its two-hundred day moving average is $13.02. Easterly Government Properties, Inc. has a 52-week low of $10.94 and a 52-week high of $14.52. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 65.44 and a beta of 0.69. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $74.98 million. During the same quarter last year, the firm posted $0.29 earnings per share. Easterly Government Properties’s revenue was up 3.8% compared to the same quarter last year. Analysts forecast that Easterly Government Properties, Inc. will post 1.16 EPS for the current fiscal year.

Easterly Government Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were paid a dividend of $0.265 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.06 dividend on an annualized basis and a yield of 9.00%. Easterly Government Properties’s payout ratio is currently 588.89%.

Analyst Ratings Changes

A number of analysts recently commented on DEA shares. Jefferies Financial Group upgraded Easterly Government Properties from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $13.00 to $15.00 in a research report on Monday, October 14th. StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Truist Financial reduced their price objective on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, December 6th.

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.