Easterly Government Properties, Inc. $DEA Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC raised its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 198.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,466 shares of the real estate investment trust’s stock after buying an additional 48,866 shares during the period. Renaissance Technologies LLC owned approximately 0.16% of Easterly Government Properties worth $1,574,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sei Investments Co. grew its holdings in shares of Easterly Government Properties by 79.6% in the 1st quarter. Sei Investments Co. now owns 58,858 shares of the real estate investment trust’s stock worth $1,261,000 after acquiring an additional 26,094 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Easterly Government Properties by 25.0% during the first quarter. First Trust Advisors LP now owns 172,030 shares of the real estate investment trust’s stock valued at $3,687,000 after purchasing an additional 34,430 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Easterly Government Properties by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 601,221 shares of the real estate investment trust’s stock valued at $12,885,000 after purchasing an additional 4,832 shares during the last quarter. Swiss National Bank boosted its position in shares of Easterly Government Properties by 2.0% in the 1st quarter. Swiss National Bank now owns 86,664 shares of the real estate investment trust’s stock valued at $1,857,000 after purchasing an additional 1,700 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Easterly Government Properties by 23.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,921 shares of the real estate investment trust’s stock valued at $641,000 after purchasing an additional 5,667 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DEA. Wall Street Zen upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. BMO Capital Markets reiterated a “market perform” rating and issued a $27.00 target price (up from $25.00) on shares of Easterly Government Properties in a report on Monday, August 3rd. Citigroup restated a “neutral” rating and set a $25.00 price target (up from $23.00) on shares of Easterly Government Properties in a report on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.07.

Easterly Government Properties Trading Up 2.5%

Shares of NYSE:DEA opened at $24.61 on Thursday. The firm has a fifty day moving average of $24.61 and a two-hundred day moving average of $23.62. The firm has a market capitalization of $1.16 billion, a P/E ratio of 117.20 and a beta of 0.96. Easterly Government Properties, Inc. has a 12-month low of $20.56 and a 12-month high of $25.96. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.26.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. Easterly Government Properties had a net margin of 2.86% and a return on equity of 0.75%. The business had revenue of $92.42 million for the quarter, compared to the consensus estimate of $90.94 million. During the same period in the prior year, the business posted $0.74 earnings per share. Easterly Government Properties’s revenue for the quarter was up 9.8% compared to the same quarter last year. Easterly Government Properties has set its FY 2026 guidance at 3.070-3.130 EPS. On average, equities analysts expect that Easterly Government Properties, Inc. will post 3.1 EPS for the current fiscal year.

Easterly Government Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Monday, August 10th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Monday, August 10th. Easterly Government Properties’s dividend payout ratio is presently 857.14%.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc is a real estate investment trust that specializes in the acquisition, development and management of commercial properties leased to U.S. government agencies. Structured as a triple-net lease REIT, the company focuses on single-tenant assets with long-term, credit-backed leases that transfer most property-level responsibilities—including taxes, insurance and maintenance—to its government tenants.

The firm’s portfolio encompasses a variety of facility types, including office buildings, training centers, laboratories and mission-critical installations used by federal agencies.