Janus Henderson Group PLC Sells 19,800 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

Janus Henderson Group PLC reduced its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 36.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,128 shares of the real estate investment trust’s stock after selling 19,800 shares during the period. Janus Henderson Group PLC’s holdings in Easterly Government Properties were worth $477,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its position in Easterly Government Properties by 35.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 997 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Easterly Government Properties by 29.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 875 shares in the last quarter. KBC Group NV increased its position in shares of Easterly Government Properties by 62.4% in the third 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 bought a new stake in Easterly Government Properties during the second quarter worth about $115,000. Finally, Signaturefd LLC boosted its position in Easterly Government Properties by 34.6% during the second quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 2,563 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DEA has been the topic of a number of analyst reports. Truist Financial dropped their price objective on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group upgraded shares of 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 Performance

DEA opened at $11.74 on Monday. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. Easterly Government Properties, Inc. has a 12-month low of $10.94 and a 12-month high of $14.52. The business has a 50 day moving average of $12.96 and a 200-day moving average of $13.03. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 65.22 and a beta of 0.69.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.24). Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The business had revenue of $74.78 million for the quarter, compared to analyst estimates of $74.98 million. During the same period in the prior year, the business earned $0.29 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities research analysts expect that Easterly Government Properties, Inc. will post 1.16 earnings per share for the current year.

Easterly Government Properties Dividend Announcement

The business also recently declared 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 of this dividend was Friday, November 15th. This represents a $1.06 annualized dividend and a yield of 9.03%. 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.