Easterly Government Properties, Inc. $DEA Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its position in Easterly Government Properties, Inc. (NYSE:DEA) by 249.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,659 shares of the real estate investment trust’s stock after acquiring an additional 181,732 shares during the period. Thrivent Financial for Lutherans owned approximately 0.56% of Easterly Government Properties worth $5,653,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of DEA. Millennium Management LLC boosted its position in Easterly Government Properties by 1,759.2% during the first quarter. Millennium Management LLC now owns 1,000,176 shares of the real estate investment trust’s stock worth $10,602,000 after purchasing an additional 946,381 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Easterly Government Properties in the 1st quarter worth about $7,487,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Easterly Government Properties by 25.7% in the 1st 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 acquiring an additional 478,037 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in Easterly Government Properties by 61.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 728,311 shares of the real estate investment trust’s stock valued at $7,720,000 after acquiring an additional 275,824 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. purchased a new position in Easterly Government Properties during the 2nd quarter valued at about $5,179,000. 86.51% of the stock is owned by hedge funds and other institutional investors.

Easterly Government Properties Stock Down 2.7%

DEA stock opened at $21.46 on Friday. The company has a 50 day moving average price of $21.71 and a two-hundred day moving average price of $22.32. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.47 and a current ratio of 3.47. The stock has a market capitalization of $989.52 million, a P/E ratio of 70.36 and a beta of 0.96. Easterly Government Properties, Inc. has a one year low of $19.33 and a one year high of $29.74.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $84.82 million. During the same quarter in the prior year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. 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. As a group, sell-side analysts expect that Easterly Government Properties, Inc. will post 1.17 EPS for the current year.

Easterly Government Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

DEA has been the topic of several recent research reports. Truist Financial reduced their price target on shares of Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating on the stock in a report on Monday, November 24th. New Street Research set a $20.00 target price on Easterly Government Properties in a research note on Monday, October 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Easterly Government Properties in a report on Monday. Finally, Compass Point set a $26.45 price target on Easterly Government Properties and gave the stock a “buy” rating in a report on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $24.99.

Easterly Government Properties 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.