Thrivent Financial for Lutherans Lowers Stake in Easterly Government Properties, Inc. (NYSE:DEA)

Thrivent Financial for Lutherans cut its position in Easterly Government Properties, Inc. (NYSE:DEA) by 11.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,026 shares of the real estate investment trust’s stock after selling 9,478 shares during the period. Thrivent Financial for Lutherans owned about 0.07% of Easterly Government Properties worth $1,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in Easterly Government Properties by 56.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 1,086 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Easterly Government Properties by 35.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 997 shares in the last quarter. KBC Group NV boosted its position in shares of Easterly Government Properties by 62.4% during the 3rd quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 2,014 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Easterly Government Properties in the second quarter valued at $115,000. Finally, Signaturefd LLC increased its position in Easterly Government Properties by 34.6% in the second quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 2,563 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DEA has been the subject of several research reports. Truist Financial increased their price objective on shares of Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Thursday, August 29th. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group raised Easterly Government Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $13.00 to $15.00 in a research note on Monday, October 14th.

Easterly Government Properties Stock Down 1.0 %

NYSE DEA opened at $12.20 on Tuesday. Easterly Government Properties, Inc. has a 52 week low of $10.94 and a 52 week high of $14.52. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 68.44 and a beta of 0.72. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. The company has a fifty day moving average of $13.29 and a two-hundred day moving average of $13.03.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 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 for the quarter, compared to analysts’ expectations of $74.98 million. During the same period in the prior year, the firm posted $0.29 earnings per share. Easterly Government Properties’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts predict 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 declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 8.69%. The ex-dividend date was Friday, November 15th. Easterly Government Properties’s dividend payout ratio is currently 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.