Deutsche Bank AG Reduces Holdings in Easterly Government Properties, Inc. $DEA

Deutsche Bank AG reduced its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 4.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 189,029 shares of the real estate investment trust’s stock after selling 8,537 shares during the quarter. Deutsche Bank AG owned 0.42% of Easterly Government Properties worth $2,004,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Easterly Government Properties by 1.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,001,924 shares of the real estate investment trust’s stock worth $21,220,000 after acquiring an additional 26,596 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Easterly Government Properties by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 11,221,717 shares of the real estate investment trust’s stock worth $118,950,000 after acquiring an additional 62,164 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 worth approximately $120,000. Advyzon Investment Management LLC acquired a new position in shares of Easterly Government Properties in the 1st quarter worth approximately $214,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Easterly Government Properties in the 1st quarter worth approximately $1,249,000. 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 firm has a market cap of $996.29 million, a PE ratio of 53.58 and a beta of 0.94. Easterly Government Properties, Inc. has a 52-week low of $19.33 and a 52-week high of $36.31. The company has a quick ratio of 3.75, a current ratio of 3.75 and a debt-to-equity ratio of 1.24. The company’s 50 day moving average is $22.55 and its two-hundred day moving average is $23.44.

Easterly Government Properties (NYSE:DEA) last released its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.74. The company had revenue of $80.37 million for the quarter, compared to analyst estimates of $81.73 million. Easterly Government Properties had a net margin of 5.54% and a return on equity of 1.26%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 EPS. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. On average, research analysts expect that Easterly Government Properties, Inc. will post 1.17 EPS for the current fiscal year.

Easterly Government Properties Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Royal Bank Of Canada decreased their price objective on shares of Easterly Government Properties from $27.50 to $22.00 and set an “underperform” rating on the stock in a 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 price objective on the stock in a report on Wednesday, July 16th. Finally, Wall Street Zen lowered shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Friday, June 6th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Easterly Government Properties presently has a consensus rating of “Hold” and an average target price 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.