Easterly Government Properties, Inc. (NYSE:DEA) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 8.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,698 shares of the real estate investment trust’s stock after selling 2,523 shares during the period. Amalgamated Bank’s holdings in Easterly Government Properties were worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in shares of 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 acquiring an additional 1,086 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Easterly Government Properties by 35.6% during 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 buying an additional 997 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Easterly Government Properties during the first quarter valued at about $89,000. National Bank of Canada FI acquired a new position in shares of Easterly Government Properties in the second quarter worth about $115,000. Finally, Signaturefd LLC boosted its holdings in shares of 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 buying an additional 2,563 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Easterly Government Properties Trading Down 4.1 %

Shares of DEA stock opened at $12.06 on Monday. Easterly Government Properties, Inc. has a 12 month low of $10.94 and a 12 month high of $14.52. The company has a market cap of $1.27 billion, a PE ratio of 67.00 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 business’s 50 day moving average is $13.55 and its two-hundred day moving average is $13.01.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.24). The firm had revenue of $74.78 million for the quarter, compared to the consensus estimate of $74.98 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $0.29 earnings per share. Equities analysts predict that Easterly Government Properties, Inc. will post 1.15 EPS for the current year.

Easterly Government Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders 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 yield of 8.79%. The ex-dividend date of this dividend is Friday, November 15th. Easterly Government Properties’s dividend payout ratio (DPR) is presently 588.89%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Truist Financial upped their price target on 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 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 raised their price target for the stock from $13.00 to $15.00 in a report on Monday, October 14th.

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.