Public Sector Pension Investment Board Has $2.79 Million Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Public Sector Pension Investment Board decreased its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 9.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 205,413 shares of the real estate investment trust’s stock after selling 21,200 shares during the quarter. Public Sector Pension Investment Board owned 0.19% of Easterly Government Properties worth $2,790,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in Easterly Government Properties by 4.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,932,660 shares of the real estate investment trust’s stock worth $26,246,000 after purchasing an additional 79,400 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Easterly Government Properties by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,909,257 shares of the real estate investment trust’s stock worth $25,928,000 after buying an additional 15,868 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Easterly Government Properties by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,361,719 shares of the real estate investment trust’s stock valued at $16,844,000 after acquiring an additional 9,738 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Easterly Government Properties by 9.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,144,075 shares of the real estate investment trust’s stock valued at $14,152,000 after acquiring an additional 102,521 shares in the last quarter. Finally, Deprince Race & Zollo Inc. grew its position in Easterly Government Properties by 11.2% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,067,155 shares of the real estate investment trust’s stock worth $13,201,000 after acquiring an additional 107,753 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on DEA shares. StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Jefferies Financial Group raised shares of Easterly Government Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $13.00 to $15.00 in a report on Monday, October 14th. Finally, Truist Financial raised their price target on shares of Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Thursday, August 29th.

Easterly Government Properties Price Performance

Shares of DEA opened at $12.01 on Wednesday. The business has a 50-day moving average of $13.26 and a 200-day moving average of $13.03. Easterly Government Properties, Inc. has a 1 year low of $10.94 and a 1 year high of $14.52. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 66.72 and a beta of 0.69. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.24). Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The firm had revenue of $74.78 million during the quarter, compared to analyst estimates of $74.98 million. During the same quarter last year, the firm posted $0.29 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities research analysts anticipate that Easterly Government Properties, Inc. will post 1.15 earnings per share for the current year.

Easterly Government Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a $0.265 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.06 dividend on an annualized basis and a yield of 8.83%. Easterly Government Properties’s payout ratio is currently 588.89%.

Easterly Government Properties Company 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.