Ensign Peak Advisors Inc Sells 50,883 Shares of Easterly Government Properties, Inc. $DEA

Ensign Peak Advisors Inc lessened its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 70.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,505 shares of the real estate investment trust’s stock after selling 50,883 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Easterly Government Properties were worth $477,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. boosted its position in shares of Easterly Government Properties by 10.9% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 43,477 shares of the real estate investment trust’s stock worth $460,000 after purchasing an additional 4,273 shares in the last quarter. Wealthedge Investment Advisors LLC raised its stake in Easterly Government Properties by 154.0% in the first quarter. Wealthedge Investment Advisors LLC now owns 114,472 shares of the real estate investment trust’s stock valued at $1,213,000 after buying an additional 69,397 shares during the last quarter. Natixis Advisors LLC purchased a new stake in Easterly Government Properties in the first quarter valued at about $236,000. Nuveen LLC acquired a new stake in Easterly Government Properties in the first quarter worth about $7,487,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Easterly Government Properties by 1.3% during the first 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. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. New Street Research set a $20.00 price objective on shares of Easterly Government Properties in a research report on Monday, October 13th. Truist Financial cut their price target on shares of Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating on the stock in a research note on Monday, November 24th. Weiss Ratings upgraded shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, November 25th. Finally, Compass Point set a $26.45 price objective on shares of Easterly Government Properties and gave the company a “buy” rating in a report on Wednesday, October 15th. Two research analysts have 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 presently has an average rating of “Hold” and an average price target of $24.99.

Easterly Government Properties Price Performance

Shares of DEA opened at $21.81 on Monday. The business’s 50-day moving average is $21.89 and its two-hundred day moving average is $22.29. The company has a market capitalization of $1.01 billion, a P/E ratio of 71.51 and a beta of 0.96. Easterly Government Properties, Inc. has a fifty-two week low of $19.33 and a fifty-two week high of $31.25. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.47 and a current ratio of 3.47.

Easterly Government Properties (NYSE:DEA) last issued its earnings results on Monday, October 27th. The real estate investment trust reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. The firm had revenue of $86.15 million for the quarter, compared to the consensus estimate of $84.82 million. Easterly Government Properties had a return on equity of 1.00% and a net margin of 4.24%.The company’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS. FY 2025 guidance at 2.980-3.020 EPS. Research analysts predict that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current year.

Easterly Government Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Friday, November 7th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend was Friday, November 7th. Easterly Government Properties’s payout ratio is 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.