US Bancorp DE Sells 27,783 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

US Bancorp DE lessened its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 81.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,252 shares of the real estate investment trust’s stock after selling 27,783 shares during the quarter. US Bancorp DE’s holdings in Easterly Government Properties were worth $85,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DEA. GAMMA Investing LLC raised its holdings in shares of Easterly Government Properties by 56.6% during the second quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,086 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in 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 valued at $51,000 after buying an additional 997 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Easterly Government Properties in the first quarter worth about $89,000. National Bank of Canada FI purchased a new stake in shares of Easterly Government Properties in the second quarter valued at $115,000. Finally, Signaturefd LLC grew its position in Easterly Government Properties by 34.6% in the 2nd quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 2,563 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DEA. StockNews.com raised shares of 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 raised their price target for the stock from $13.00 to $15.00 in a report on Monday, October 14th. Finally, Truist Financial upped their price objective on shares of Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a report on Thursday, August 29th.

Easterly Government Properties Stock Down 1.9 %

Shares of NYSE DEA opened at $12.06 on Friday. 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 P/E ratio of 67.00 and a beta of 0.72. The company has a 50 day simple moving average of $13.55 and a 200-day simple moving average of $13.00. 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 posted its quarterly earnings data 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). The firm had revenue of $74.78 million during the quarter, compared to analysts’ expectations of $74.98 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. Easterly Government Properties’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. On average, equities research analysts predict that Easterly Government Properties, Inc. will post 1.15 earnings per share for the current year.

Easterly Government Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 8.79%. The ex-dividend date is Friday, November 15th. Easterly Government Properties’s 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.