Abel Hall LLC Invests $349,000 in Easterly Government Properties, Inc. $DEA

Abel Hall LLC purchased a new position in shares of Easterly Government Properties, Inc. (NYSE:DEA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,700 shares of the real estate investment trust’s stock, valued at approximately $349,000.

Other institutional investors have also modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Easterly Government Properties during the 1st quarter worth $109,000. Wolff Wiese Magana LLC raised its holdings in shares of Easterly Government Properties by 944.3% during the 2nd quarter. Wolff Wiese Magana LLC now owns 10,443 shares of the real estate investment trust’s stock worth $232,000 after acquiring an additional 9,443 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Easterly Government Properties by 12,846.9% during the 1st quarter. NewEdge Advisors LLC now owns 10,487 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 10,406 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Easterly Government Properties during the 4th quarter worth about $121,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Easterly Government Properties during the 1st quarter worth about $120,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. BMO Capital Markets raised Easterly Government Properties from a “strong sell” rating to a “hold” rating and set a $25.00 price objective 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 research report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.15.

Easterly Government Properties Stock Performance

NYSE DEA opened at $21.95 on Wednesday. The company has a market cap of $995.21 million, a P/E ratio of 53.53 and a beta of 0.95. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.75 and a quick ratio of 3.75. The stock has a 50-day moving average of $22.64 and a two-hundred day moving average of $22.46. Easterly Government Properties, Inc. has a 1-year low of $19.33 and a 1-year high of $36.31.

Easterly Government Properties (NYSE:DEA) last released its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. The company had revenue of $80.37 million during the quarter, compared to the consensus estimate of $81.73 million. Easterly Government Properties had a return on equity of 1.26% and a net margin of 5.54%.Easterly Government Properties’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 EPS. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. As a group, 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 announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend was Wednesday, August 13th. Easterly Government Properties’s payout ratio is currently 439.02%.

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.