Easterly Government Properties, Inc. $DEA Shares Sold by Aurora Investment Managers LLC.

Aurora Investment Managers LLC. trimmed its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 61.1% during the second quarter, Holdings Channel reports. The institutional investor owned 124,801 shares of the real estate investment trust’s stock after selling 195,712 shares during the period. Easterly Government Properties makes up 1.7% of Aurora Investment Managers LLC.’s portfolio, making the stock its 22nd biggest holding. Aurora Investment Managers LLC.’s holdings in Easterly Government Properties were worth $2,771,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Easterly Government Properties during the first quarter worth about $109,000. NewEdge Advisors LLC lifted its position in Easterly Government Properties by 12,846.9% during the first quarter. NewEdge Advisors LLC now owns 10,487 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 10,406 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Easterly Government Properties during the first quarter worth approximately $120,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Easterly Government Properties during the fourth quarter worth approximately $121,000. Finally, Montag A & Associates Inc. purchased a new stake in Easterly Government Properties during the first quarter worth approximately $129,000. 86.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Easterly Government Properties in a research note on Wednesday. BMO Capital Markets raised Easterly Government Properties from a “strong sell” rating to a “hold” rating and set a $25.00 price objective on the stock in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.15.

Easterly Government Properties Price Performance

Shares of NYSE:DEA opened at $21.86 on Thursday. The company has a quick ratio of 3.75, a current ratio of 3.75 and a debt-to-equity ratio of 1.24. Easterly Government Properties, Inc. has a fifty-two week low of $19.33 and a fifty-two week high of $36.31. The firm has a 50-day simple moving average of $22.63 and a 200 day simple moving average of $22.46. The company has a market cap of $991.35 million, a PE ratio of 53.32 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 for the quarter, meeting analysts’ consensus estimates of $0.74. The business had revenue of $80.37 million during the quarter, compared to the consensus estimate 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 for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 EPS. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. On average, sell-side analysts anticipate that Easterly Government Properties, Inc. will post 1.17 EPS for the current year.

Easterly Government Properties Cuts Dividend

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

Easterly Government Properties 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.