Charles Schwab Investment Management Inc. Grows Stock Holdings in Easterly Government Properties, Inc. $DEA

Charles Schwab Investment Management Inc. lifted its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,001,924 shares of the real estate investment trust’s stock after acquiring an additional 26,596 shares during the quarter. Charles Schwab Investment Management Inc. owned 4.46% of Easterly Government Properties worth $21,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DEA. Wells Fargo & Company MN grew its position in Easterly Government Properties by 33.8% during the 4th quarter. Wells Fargo & Company MN now owns 71,785 shares of the real estate investment trust’s stock worth $815,000 after purchasing an additional 18,151 shares during the period. Bank of Montreal Can boosted its stake in shares of Easterly Government Properties by 14.6% in the fourth quarter. Bank of Montreal Can now owns 14,214 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 1,806 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Easterly Government Properties in the fourth quarter worth about $252,000. Sterling Capital Management LLC grew its holdings in Easterly Government Properties by 814.7% during the fourth quarter. Sterling Capital Management LLC now owns 3,110 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 2,770 shares during the period. Finally, Barclays PLC raised its position in Easterly Government Properties by 5.7% during the fourth quarter. Barclays PLC now owns 174,680 shares of the real estate investment trust’s stock valued at $1,985,000 after acquiring an additional 9,468 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Easterly Government Properties Price Performance

Easterly Government Properties stock opened at $21.9690 on Friday. The stock has a market capitalization of $996.29 million, a P/E ratio of 53.58 and a beta of 0.94. The company’s fifty day moving average price is $22.55 and its 200 day moving average price is $23.44. The company has a debt-to-equity ratio of 1.24, a quick ratio of 3.75 and a current ratio of 3.75. 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) last posted its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.74. Easterly Government Properties had a net margin of 5.54% and a return on equity of 1.26%. The company had revenue of $80.37 million during the quarter, compared to analysts’ expectations of $81.73 million. During the same period in the prior year, the business posted $0.29 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. As a group, equities research analysts anticipate that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current fiscal year.

Easterly Government Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Wednesday, August 13th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 8.2%. The ex-dividend date is Wednesday, August 13th. Easterly Government Properties’s payout ratio is presently 439.02%.

Analyst Ratings Changes

Several research firms have commented on DEA. Royal Bank Of Canada lowered their price objective on Easterly Government Properties from $27.50 to $22.00 and set an “underperform” rating on the stock in a research report on Monday, June 2nd. BMO Capital Markets upgraded shares of Easterly Government Properties from a “strong sell” rating to a “hold” rating and set a $25.00 target price for the company in a research note on Wednesday, July 16th. Finally, Wall Street Zen downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Friday, June 6th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.15.

Easterly Government Properties Profile

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.