Amalgamated Bank Sells 2,523 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

Amalgamated Bank trimmed its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 8.1% in the third quarter, Holdings Channel.com reports. The fund owned 28,698 shares of the real estate investment trust’s stock after selling 2,523 shares during the quarter. Amalgamated Bank’s holdings in Easterly Government Properties were worth $390,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in DEA. Daiwa Securities Group Inc. grew its holdings in shares of Easterly Government Properties by 2.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 31,873 shares of the real estate investment trust’s stock worth $394,000 after purchasing an additional 842 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Easterly Government Properties by 3.3% during the second quarter. Arizona State Retirement System now owns 27,221 shares of the real estate investment trust’s stock worth $337,000 after buying an additional 859 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Easterly Government Properties by 29.1% during the third quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 875 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Easterly Government Properties by 35.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 997 shares during the last quarter. Finally, Xcel Wealth Management LLC boosted its holdings in shares of Easterly Government Properties by 0.3% in the 3rd quarter. Xcel Wealth Management LLC now owns 393,223 shares of the real estate investment trust’s stock worth $5,340,000 after acquiring an additional 1,091 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group raised Easterly Government Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $13.00 to $15.00 in a report on Monday, October 14th. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Truist Financial boosted their target price on Easterly Government Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a research report on Thursday, August 29th.

Easterly Government Properties Stock Down 4.1 %

Shares of NYSE DEA opened at $12.06 on Monday. Easterly Government Properties, Inc. has a 1 year low of $10.94 and a 1 year high of $14.52. The firm’s 50-day moving average is $13.55 and its 200-day moving average is $13.01. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $1.27 billion, a PE ratio of 67.00 and a beta of 0.72.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.24). Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The business had revenue of $74.78 million during the quarter, compared to analyst estimates of $74.98 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts expect that Easterly Government Properties, Inc. will post 1.15 EPS for the current year.

Easterly Government Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 8.79%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 588.89%.

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.