Public Employees Retirement System of Ohio Makes New $2.34 Million Investment in Easterly Government Properties, Inc. $DEA

Public Employees Retirement System of Ohio bought a new stake in Easterly Government Properties, Inc. (NYSE:DEA) in the second quarter, Holdings Channel.com reports. The firm bought 93,806 shares of the real estate investment trust’s stock, valued at approximately $2,339,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Easterly Government Properties by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 4,831,169 shares of the real estate investment trust’s stock worth $102,372,000 after acquiring an additional 167,092 shares during the last quarter. State Street Corp raised its holdings in Easterly Government Properties by 0.5% in the 4th quarter. State Street Corp now owns 2,497,275 shares of the real estate investment trust’s stock valued at $52,917,000 after acquiring an additional 13,200 shares during the last quarter. Geode Capital Management LLC raised its holdings in Easterly Government Properties by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,139,044 shares of the real estate investment trust’s stock valued at $24,141,000 after acquiring an additional 9,577 shares during the last quarter. Millennium Management LLC lifted its stake in Easterly Government Properties by 1,759.2% in the 1st 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. Finally, Charles Schwab Investment Management Inc. lifted its stake in Easterly Government Properties by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 962,687 shares of the real estate investment trust’s stock worth $20,399,000 after purchasing an additional 40,451 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada restated an “underperform” rating and issued a $24.00 price target (up from $22.00) on shares of Easterly Government Properties in a research report on Monday, August 24th. BMO Capital Markets reiterated a “market perform” rating and set a $27.00 price objective (up from $25.00) on shares of Easterly Government Properties in a research report on Monday, August 3rd. Wall Street Zen raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Truist Financial upped their target price on Easterly Government Properties from $24.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, August 27th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $25.00 target price (up from $23.00) on shares of Easterly Government Properties in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $25.06.

Easterly Government Properties Price Performance

NYSE:DEA opened at $24.31 on Friday. Easterly Government Properties, Inc. has a 52 week low of $20.56 and a 52 week high of $25.96. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $1.15 billion, a P/E ratio of 115.77 and a beta of 0.98. The stock’s fifty day moving average is $24.88 and its two-hundred day moving average is $23.74.

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

Easterly Government Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, August 10th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.80 dividend on an annualized basis and a yield of 7.4%. Easterly Government Properties’s dividend payout ratio is presently 857.14%.

Easterly Government Properties Company 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.