Amalgamated Bank Cuts Holdings in Easterly Government Properties, Inc. $DEA

Amalgamated Bank cut its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 57.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,944 shares of the real estate investment trust’s stock after selling 16,357 shares during the quarter. Amalgamated Bank’s holdings in Easterly Government Properties were worth $265,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DEA. Nissay Asset Management Corp Japan ADV lifted its holdings in Easterly Government Properties by 3.2% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,197 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 465 shares during the period. MetLife Investment Management LLC lifted its stake in shares of Easterly Government Properties by 1.4% in the first quarter. MetLife Investment Management LLC now owns 60,740 shares of the real estate investment trust’s stock valued at $644,000 after purchasing an additional 812 shares during the period. PharVision Advisers LLC boosted its holdings in Easterly Government Properties by 6.2% during the first quarter. PharVision Advisers LLC now owns 24,913 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 1,456 shares in the last quarter. Avantax Advisory Services Inc. grew its position in Easterly Government Properties by 10.1% during the first quarter. Avantax Advisory Services Inc. now owns 27,217 shares of the real estate investment trust’s stock worth $288,000 after buying an additional 2,501 shares during the period. Finally, Hsbc Holdings PLC grew its position in Easterly Government Properties by 3.2% during the first quarter. Hsbc Holdings PLC now owns 89,616 shares of the real estate investment trust’s stock worth $950,000 after buying an additional 2,798 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

DEA has been the topic of several research analyst reports. New Street Research set a $20.00 price target on Easterly Government Properties in a research note on Monday, October 13th. Compass Point set a $26.45 target price on Easterly Government Properties and gave the stock a “buy” rating in a research report on Wednesday, October 15th. BMO Capital Markets upgraded Easterly Government Properties from a “strong sell” rating to a “hold” rating and set a $25.00 price target for the company in a research report on Wednesday, July 16th. Finally, Weiss Ratings lowered shares of Easterly Government Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Easterly Government Properties has a consensus rating of “Hold” and a consensus target price of $26.41.

Easterly Government Properties Stock Down 0.3%

Shares of NYSE:DEA opened at $21.37 on Friday. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $985.51 million, a P/E ratio of 70.08 and a beta of 0.94. Easterly Government Properties, Inc. has a 52-week low of $19.33 and a 52-week high of $34.17. The stock’s fifty day simple moving average is $22.41 and its 200-day simple moving average is $22.18.

Easterly Government Properties (NYSE:DEA) last announced its earnings results on Monday, October 27th. The real estate investment trust reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. The firm had revenue of $82.21 million during the quarter, compared to the consensus estimate of $84.82 million. Easterly Government Properties had a net margin of 4.24% and a return on equity of 1.00%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 EPS. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS. FY 2025 guidance at 2.980-3.020 EPS. As a group, equities research analysts forecast that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current fiscal year.

Easterly Government Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Friday, November 7th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date of this dividend is Friday, November 7th. Easterly Government Properties’s payout ratio is currently 600.00%.

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.