Welch & Forbes LLC Cuts Stake in Easterly Government Properties, Inc. $DEA

Welch & Forbes LLC lowered its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 60.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,910 shares of the real estate investment trust’s stock after selling 14,866 shares during the quarter. Welch & Forbes LLC’s holdings in Easterly Government Properties were worth $220,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DEA. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Easterly Government Properties during the first quarter worth about $109,000. NewEdge Advisors LLC grew its position in shares of Easterly Government Properties by 12,846.9% during the first quarter. NewEdge Advisors LLC now owns 10,487 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 10,406 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Easterly Government Properties during the first quarter worth about $120,000. Montag A & Associates Inc. purchased a new stake in shares of Easterly Government Properties during the first quarter worth about $129,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Easterly Government Properties during the first quarter worth about $155,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. 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. BMO Capital Markets upgraded Easterly Government Properties from a “strong sell” rating to a “hold” rating and set a $25.00 price target for the company in a report on Wednesday, July 16th. New Street Research set a $20.00 price target on Easterly Government Properties in a report on Monday, October 13th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Easterly Government Properties in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $26.41.

Easterly Government Properties Price Performance

Shares of Easterly Government Properties stock opened at $21.43 on Tuesday. The stock has a market cap of $988.14 million, a price-to-earnings ratio of 70.26 and a beta of 0.94. 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 50 day moving average price of $22.52 and a 200-day moving average price of $22.16. Easterly Government Properties, Inc. has a one year low of $19.33 and a one year high of $34.43.

Easterly Government Properties (NYSE:DEA) last announced its earnings results on Monday, October 27th. The real estate investment trust reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. The firm had revenue of $82.21 million during the quarter, compared to analysts’ expectations of $84.82 million. Easterly Government Properties had a return on equity of 1.00% and a net margin of 4.24%.The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS. FY 2025 guidance at 2.980-3.020 EPS. Equities analysts expect that Easterly Government Properties, Inc. will post 1.17 EPS for the current year.

Easterly Government Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Friday, November 7th will be issued a $0.45 dividend. The ex-dividend date is Friday, November 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.4%. Easterly Government Properties’s payout ratio is 600.00%.

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.