Easterly Government Properties, Inc. (NYSE:DEA) Stock Position Lessened by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 71.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,234 shares of the real estate investment trust’s stock after selling 49,648 shares during the quarter. Natixis Advisors LLC’s holdings in Easterly Government Properties were worth $275,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DEA. GAMMA Investing LLC raised its holdings in Easterly Government Properties by 56.6% during 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 during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Easterly Government Properties by 35.6% in 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 acquiring an additional 997 shares in the last quarter. KBC Group NV lifted its holdings in Easterly Government Properties by 62.4% in the 3rd quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock worth $71,000 after purchasing 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 approximately $115,000. Finally, Signaturefd LLC grew its holdings 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. Institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Price Performance

Shares of DEA opened at $12.32 on Friday. The stock has a market capitalization of $1.30 billion, a P/E 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 50 day moving average of $13.34 and a 200-day moving average of $13.02. Easterly Government Properties, Inc. has a twelve month low of $10.94 and a twelve month high of $14.52.

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). The business had revenue of $74.78 million for the quarter, compared to analyst estimates of $74.98 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 EPS. As a group, equities research analysts forecast that Easterly Government Properties, Inc. will post 1.15 EPS for the current fiscal year.

Easterly Government Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a $0.265 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 8.60%. Easterly Government Properties’s payout ratio is 588.89%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Truist Financial raised their target price on Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Thursday, August 29th. Finally, Jefferies Financial Group raised Easterly Government Properties from a “hold” rating to a “buy” rating and upped their price objective 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.