Mutual of America Capital Management LLC Sells 2,368 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

Mutual of America Capital Management LLC lessened its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 14.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,561 shares of the real estate investment trust’s stock after selling 2,368 shares during the period. Mutual of America Capital Management LLC’s holdings in Easterly Government Properties were worth $198,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Easterly Government Properties by 1.6% during the first quarter. Vanguard Group Inc. now owns 11,009,182 shares of the real estate investment trust’s stock valued at $126,716,000 after buying an additional 175,750 shares during the period. Victory Capital Management Inc. grew its holdings in Easterly Government Properties by 4.3% in the third 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 during the last quarter. Dimensional Fund Advisors LP grew its holdings in Easterly Government Properties by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,361,719 shares of the real estate investment trust’s stock worth $16,844,000 after purchasing an additional 9,738 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Easterly Government Properties by 9.8% in the second quarter. Bank of New York Mellon Corp now owns 1,144,075 shares of the real estate investment trust’s stock worth $14,152,000 after purchasing an additional 102,521 shares during the last quarter. Finally, Deprince Race & Zollo Inc. grew its holdings in Easterly Government Properties by 11.2% in the second quarter. Deprince Race & Zollo Inc. now owns 1,067,155 shares of the real estate investment trust’s stock worth $13,201,000 after purchasing an additional 107,753 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Jefferies Financial Group raised shares of Easterly Government Properties from a “hold” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $15.00 in a report on Monday, October 14th. Finally, Truist Financial lifted their price objective on shares of Easterly Government Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Thursday, August 29th.

Easterly Government Properties Trading Up 0.3 %

NYSE:DEA opened at $12.36 on Friday. Easterly Government Properties, Inc. has a 12 month low of $10.94 and a 12 month high of $14.52. The firm has a fifty day simple moving average of $13.31 and a 200-day simple moving average of $13.02. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $1.31 billion, a P/E ratio of 68.44 and a beta of 0.72.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate 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 company had revenue of $74.78 million for the quarter, compared to analyst estimates of $74.98 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. On average, equities research analysts anticipate that Easterly Government Properties, Inc. will post 1.15 earnings per share for the current year.

Easterly Government Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.265 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.06 dividend on an annualized basis and a yield of 8.58%. Easterly Government Properties’s dividend payout ratio is presently 588.89%.

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.