Easterly Government Properties, Inc. $DEA Shares Sold by Abundance Wealth Counselors

Abundance Wealth Counselors reduced its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 56.1% during the 2nd quarter, Holdings Channel reports. The fund owned 34,239 shares of the real estate investment trust’s stock after selling 43,804 shares during the quarter. Abundance Wealth Counselors’ holdings in Easterly Government Properties were worth $760,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DEA. Millennium Management LLC raised its stake in shares of Easterly Government Properties by 1,759.2% in the first quarter. Millennium Management LLC now owns 1,000,176 shares of the real estate investment trust’s stock valued at $10,602,000 after acquiring an additional 946,381 shares in the last quarter. Nuveen LLC acquired a new stake in Easterly Government Properties in the first quarter valued at $7,487,000. Longfellow Investment Management Co. LLC raised its stake in Easterly Government Properties by 543.8% in the first quarter. Longfellow Investment Management Co. LLC now owns 703,758 shares of the real estate investment trust’s stock valued at $7,460,000 after buying an additional 594,449 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Easterly Government Properties by 25.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,339,515 shares of the real estate investment trust’s stock valued at $24,799,000 after buying an additional 478,037 shares in the last quarter. Finally, Gilman Hill Asset Management LLC raised its stake in Easterly Government Properties by 42.1% in the first quarter. Gilman Hill Asset Management LLC now owns 980,454 shares of the real estate investment trust’s stock valued at $10,393,000 after buying an additional 290,413 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on DEA shares. BMO Capital Markets upgraded Easterly Government Properties from a “strong sell” rating to a “hold” rating and set a $25.00 price target on the stock in a research note on Wednesday, July 16th. Wall Street Zen cut Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Friday, June 6th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.15.

Easterly Government Properties Stock Performance

Shares of DEA stock opened at $22.56 on Friday. The stock has a market capitalization of $1.02 billion, a PE ratio of 55.01 and a beta of 0.95. Easterly Government Properties, Inc. has a 52-week low of $19.33 and a 52-week high of $36.31. The stock’s 50-day moving average price is $22.67 and its 200 day moving average price is $22.58. 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, meeting the consensus estimate of $0.74. The firm had revenue of $80.37 million for the quarter, compared to analysts’ expectations of $81.73 million. Easterly Government Properties had a return on equity of 1.26% and a net margin of 5.54%.The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 EPS. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. As a group, equities research analysts forecast 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. This represents a $1.80 annualized dividend and a yield of 8.0%. The ex-dividend date was Wednesday, August 13th. Easterly Government Properties’s payout ratio is 439.02%.

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.