Renaissance Technologies LLC Has $1.57 Million Stock Holdings in Easterly Government Properties, Inc. $DEA

Renaissance Technologies LLC grew its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 198.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,466 shares of the real estate investment trust’s stock after acquiring an additional 48,866 shares during the period. Renaissance Technologies LLC’s holdings in Easterly Government Properties were worth $1,574,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DEA. EverSource Wealth Advisors LLC raised its holdings in shares of Easterly Government Properties by 215.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 772 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Easterly Government Properties by 318.2% in the 3rd quarter. Parallel Advisors LLC now owns 1,334 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,015 shares during the last quarter. Colonial Trust Co SC bought a new stake in Easterly Government Properties in the fourth quarter worth $34,000. US Bancorp DE boosted its holdings in Easterly Government Properties by 237.9% in the third quarter. US Bancorp DE now owns 1,757 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,237 shares in the last quarter. Finally, Danske Bank A S acquired a new position in Easterly Government Properties during the fourth quarter worth $44,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Easterly Government Properties Stock Up 2.5%

DEA stock opened at $24.61 on Thursday. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 117.20 and a beta of 0.96. The company has a 50-day moving average of $24.61 and a two-hundred day moving average of $23.62. Easterly Government Properties, Inc. has a 52-week low of $20.56 and a 52-week high of $25.96. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.88 and a quick ratio of 3.88.

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

Easterly Government Properties Announces Dividend

The firm also recently declared 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 payout ratio is currently 857.14%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings upgraded Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Wall Street Zen raised Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Citigroup reissued a “neutral” rating and issued a $25.00 price objective (up from $23.00) on shares of Easterly Government Properties in a research note on Friday, August 7th. Finally, BMO Capital Markets restated 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. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.07.

About Easterly Government Properties

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.