New York State Teachers Retirement System Has $958,000 Stock Position in Easterly Government Properties, Inc. $DEA

New York State Teachers Retirement System decreased its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 59.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,162 shares of the real estate investment trust’s stock after selling 64,163 shares during the period. New York State Teachers Retirement System owned 0.10% of Easterly Government Properties worth $958,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Easterly Government Properties by 0.6% during the first quarter. Vanguard Group Inc. now owns 11,221,717 shares of the real estate investment trust’s stock valued at $118,950,000 after buying an additional 62,164 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Easterly Government Properties by 25.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,339,515 shares of the real estate investment trust’s stock valued at $24,799,000 after buying an additional 478,037 shares in the last quarter. Invesco Ltd. raised its holdings in Easterly Government Properties by 2.9% during the first quarter. Invesco Ltd. now owns 2,116,599 shares of the real estate investment trust’s stock valued at $22,436,000 after buying an additional 60,351 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in 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 valued at $21,220,000 after buying an additional 26,596 shares in the last quarter. Finally, Palisade Capital Management LP raised its holdings in Easterly Government Properties by 0.9% during the first quarter. Palisade Capital Management LP now owns 1,382,426 shares of the real estate investment trust’s stock valued at $14,654,000 after buying an additional 11,722 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Easterly Government Properties Stock Up 0.7%

Shares of DEA opened at $22.24 on Thursday. The company has a market capitalization of $1.01 billion, a P/E ratio of 54.25 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. Easterly Government Properties, Inc. has a one year low of $19.33 and a one year high of $34.95. The business’s 50 day simple moving average is $22.58 and its 200-day simple moving average is $22.16.

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

Easterly Government Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Wednesday, August 13th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 8.1%. The ex-dividend date was Wednesday, August 13th. Easterly Government Properties’s payout ratio is 439.02%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DEA. New Street Research set a $20.00 target price on Easterly Government Properties in a report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Easterly Government Properties in a research report on Wednesday, October 8th. BMO Capital Markets raised Easterly Government Properties from a “strong sell” rating to a “hold” rating and set a $25.00 target price on the stock in a research report on Wednesday, July 16th. Finally, Compass Point set a $26.45 target price on Easterly Government Properties and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Two 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 stock. According to data from MarketBeat, Easterly Government Properties presently has a consensus rating of “Hold” and an average target price of $26.41.

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.