Franklin Resources Inc. Lowers Holdings in Easterly Government Properties, Inc. $DEA

Franklin Resources Inc. decreased its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 35.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,937 shares of the real estate investment trust’s stock after selling 26,163 shares during the period. Franklin Resources Inc. owned 0.10% of Easterly Government Properties worth $1,042,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DEA. Resona Asset Management Co. Ltd. boosted its stake in Easterly Government Properties by 10.9% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 43,477 shares of the real estate investment trust’s stock worth $460,000 after purchasing an additional 4,273 shares during the period. Wealthedge Investment Advisors LLC raised its position in shares of Easterly Government Properties by 154.0% during the first quarter. Wealthedge Investment Advisors LLC now owns 114,472 shares of the real estate investment trust’s stock valued at $1,213,000 after buying an additional 69,397 shares during the last quarter. Natixis Advisors LLC purchased a new position in shares of Easterly Government Properties in the first quarter worth $236,000. Nuveen LLC bought a new position in shares of Easterly Government Properties during the first quarter worth $7,487,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Easterly Government Properties by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,001,924 shares of the real estate investment trust’s stock worth $21,220,000 after acquiring an additional 26,596 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Stock Down 2.0%

Shares of NYSE DEA opened at $21.43 on Friday. The firm’s 50-day moving average price is $21.77 and its 200-day moving average price is $22.29. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $987.86 million, a price-to-earnings ratio of 70.25 and a beta of 0.96. Easterly Government Properties, Inc. has a 12-month low of $19.33 and a 12-month high of $29.94.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. Easterly Government Properties had a return on equity of 1.00% and a net margin of 4.24%.The company had revenue of $86.15 million during the quarter, compared to analyst estimates of $84.82 million. During the same quarter last year, the business posted $0.30 earnings per share. The firm’s revenue was up 15.2% on a year-over-year basis. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS and its FY 2025 guidance at 2.980-3.020 EPS. On average, equities research analysts anticipate that Easterly Government Properties, Inc. will post 1.17 EPS for the current fiscal year.

Easterly Government Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Friday, November 7th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 8.4%. The ex-dividend date was Friday, November 7th. Easterly Government Properties’s dividend payout ratio is presently 600.00%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. New Street Research set a $20.00 price target on shares of Easterly Government Properties in a report on Monday, October 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Easterly Government Properties in a research report on Monday, December 1st. Truist Financial decreased their target price on Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating on the stock in a research report on Monday, November 24th. Finally, Compass Point set a $26.45 price target on Easterly Government Properties and gave the company a “buy” rating in a report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Easterly Government Properties presently has an average rating of “Hold” and an average target price of $24.99.

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.