Aberdeen Group plc Sells 13,305 Shares of Easterly Government Properties, Inc. $DEA

Aberdeen Group plc decreased its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 53.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,574 shares of the real estate investment trust’s stock after selling 13,305 shares during the quarter. Aberdeen Group plc’s holdings in Easterly Government Properties were worth $257,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Easterly Government Properties in the first quarter worth approximately $109,000. Wolff Wiese Magana LLC increased its stake in shares of Easterly Government Properties by 944.3% in the 2nd quarter. Wolff Wiese Magana LLC now owns 10,443 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 9,443 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Easterly Government Properties by 12,846.9% in the 1st quarter. NewEdge Advisors LLC now owns 10,487 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 10,406 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new position in Easterly Government Properties in the 1st quarter worth $120,000. Finally, Montag A & Associates Inc. purchased a new position in Easterly Government Properties during the first quarter valued at $129,000. 86.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on DEA shares. BMO Capital Markets upgraded Easterly Government Properties from a “strong sell” rating to a “hold” rating and set a $25.00 price target for the company in a research report on Wednesday, July 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Easterly Government Properties in a report on Wednesday, October 8th. Compass Point set a $26.45 target price on shares of Easterly Government Properties and gave the stock a “buy” rating in a research note on Wednesday. Finally, New Street Research set a $20.00 price target on shares of Easterly Government Properties in a report on Monday, October 13th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.41.

Easterly Government Properties Stock Down 0.2%

Shares of DEA opened at $21.97 on Friday. The business’s 50 day moving average is $22.58 and its 200 day moving average is $22.21. The company has a current ratio of 3.75, a quick ratio of 3.75 and a debt-to-equity ratio of 1.24. Easterly Government Properties, Inc. has a 12-month low of $19.33 and a 12-month high of $36.31. The company has a market capitalization of $996.34 million, a PE ratio of 53.59 and a beta of 0.95.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. The business had revenue of $80.37 million during the quarter, compared to analyst estimates of $81.73 million. Easterly Government Properties had a net margin of 5.54% and a return on equity of 1.26%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm posted $0.29 EPS. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. Research analysts expect that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current fiscal year.

Easterly Government Properties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date was Wednesday, August 13th. Easterly Government Properties’s payout ratio is currently 439.02%.

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.