Bank of New York Mellon Corp Has $8.17 Million Holdings in Easterly Government Properties, Inc. $DEA

Bank of New York Mellon Corp reduced its stake in Easterly Government Properties, Inc. by 57.4% in Q2, now holding 367,777 shares worth $8.17 million. Easterly Government Properties reported Q3 earnings of $0.76 per share, with revenue up 15.2% year-over-year. The company declared a quarterly dividend of $0.45 per share. Analysts have mixed ratings on the stock, with a consensus rating of 'Hold' and a price target of $26.41.

Bank of New York Mellon Corp lessened its stake in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 57.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 367,777 shares of the real estate investment trust's stock after selling 495,023 shares during the period. Bank of New York Mellon Corp owned 0.82% of Easterly Government Properties worth $8,165,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DEA. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Easterly Government Properties during the 1st quarter worth about $109,000. NewEdge Advisors LLC raised its stake 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 buying an additional 10,406 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Easterly Government Properties during the first quarter worth approximately $120,000. Nissay Asset Management Corp Japan ADV lifted its holdings in Easterly Government Properties by 3.2% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,197 shares of the real estate investment trust's stock valued at $161,000 after buying an additional 465 shares during the period. Finally, Strs Ohio bought a new position in Easterly Government Properties in the first quarter valued at approximately $193,000. 86.51% of the stock is currently owned by institutional investors.

Easterly Government Properties Price Performance

NYSE DEA opened at $20.59 on Friday. The firm's 50 day moving average is $22.09 and its 200-day moving average is $22.21. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $949.17 million, a PE ratio of 67.49 and a beta of 0.94. Easterly Government Properties, Inc. has a 12-month low of $19.33 and a 12-month high of $31.77.

Easterly Government Properties (NYSE:DEA - Get Free Report) last announced its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. The company had revenue of $86.15 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%.Easterly Government Properties's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the company 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 research analysts anticipate that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current fiscal 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 dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.80 annualized dividend and a yield of 8.7%. Easterly Government Properties's dividend payout ratio (DPR) is currently 600.00%.

Analysts Set New Price Targets

Several equities analysts have weighed in on DEA shares. Compass Point set a $26.45 target price on Easterly Government Properties and gave the company a "buy" rating in a research note on Wednesday, October 15th. New Street Research set a $20.00 price target on Easterly Government Properties in a research note on Monday, October 13th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Easterly Government Properties in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $26.41.

Read Our Latest Research Report on DEA

About Easterly Government Properties

(Free Report)

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.

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