Rhumbline Advisers Trims Stock Position in Easterly Government Properties, Inc. $DEA

Rhumbline Advisers lowered its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 4.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 306,959 shares of the real estate investment trust’s stock after selling 14,949 shares during the quarter. Rhumbline Advisers owned approximately 0.68% of Easterly Government Properties worth $3,254,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Easterly Government Properties during the 4th quarter valued at about $70,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Easterly Government Properties during the 1st quarter valued at about $109,000. Kaizen Financial Strategies purchased a new stake in shares of Easterly Government Properties during the 1st quarter valued at about $111,000. NewEdge Advisors LLC increased its position in shares of Easterly Government Properties by 12,846.9% during the 1st quarter. NewEdge Advisors LLC now owns 10,487 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 10,406 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in Easterly Government Properties by 182.2% in the 4th quarter. Lazard Asset Management LLC now owns 10,445 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 6,744 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

DEA has been the subject of several analyst reports. BMO Capital Markets raised 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 report on Wednesday, July 16th. Wall Street Zen lowered shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Friday, June 6th. Finally, Royal Bank Of Canada reduced their target price on shares of Easterly Government Properties from $27.50 to $22.00 and set an “underperform” rating for the company in a report on Monday, June 2nd. One investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $27.15.

Easterly Government Properties Stock Down 1.3%

Shares of DEA opened at $23.34 on Tuesday. The company has a market cap of $1.06 billion, a PE ratio of 56.93 and a beta of 0.96. The business has a fifty day moving average of $22.68 and a 200 day moving average of $22.88. 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.

Easterly Government Properties (NYSE:DEA) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $81.73 million. Easterly Government Properties had a return on equity of 1.26% and a net margin of 5.54%.Easterly Government Properties’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the company earned $0.29 earnings per share. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. On average, sell-side analysts expect that Easterly Government Properties, Inc. will post 1.17 EPS for the current year.

Easterly Government Properties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Wednesday, August 13th were given a $0.45 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $1.80 dividend on an annualized basis and a yield of 7.7%. Easterly Government Properties’s dividend payout ratio (DPR) is currently 439.02%.

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.