Handelsbanken Fonder AB Reduces Position in Easterly Government Properties, Inc. $DEA

Handelsbanken Fonder AB reduced its stake in Easterly Government Properties, Inc. by 60% in Q2, now holding 18,519 shares worth $411,000. Other institutional investors also adjusted their positions. Easterly Government Properties' stock opened at $21.81 with a market cap of $1.01 billion. The company reported Q3 earnings of $0.76 per share and revenue of $86.15 million. Analysts have mixed ratings on the stock, with a consensus rating of 'Hold' and a target price of $24.99.

Handelsbanken Fonder AB lowered its position in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 60.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,519 shares of the real estate investment trust's stock after selling 27,781 shares during the quarter. Handelsbanken Fonder AB's holdings in Easterly Government Properties were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of DEA. Allworth Financial LP grew its position in Easterly Government Properties by 223.9% during the 2nd quarter. Allworth Financial LP now owns 1,778 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 1,229 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Easterly Government Properties during the first quarter worth about $109,000. NewEdge Advisors LLC grew its holdings 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 acquired a new position in Easterly Government Properties in the 1st quarter valued at about $120,000. Finally, Nissay Asset Management Corp Japan ADV raised its stake in Easterly Government Properties by 3.2% during the 1st 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 acquiring an additional 465 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company's stock.

Easterly Government Properties Trading Down 0.3%

Shares of DEA stock opened at $21.81 on Monday. The stock has a market cap of $1.01 billion, a P/E ratio of 71.51 and a beta of 0.96. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 1.18. Easterly Government Properties, Inc. has a fifty-two week low of $19.33 and a fifty-two week high of $31.25. The business has a fifty day simple moving average of $21.89 and a 200-day simple moving average of $22.29.

Easterly Government Properties (NYSE:DEA - Get Free Report) last posted its earnings results 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. Easterly Government Properties had a net margin of 4.24% and a return on equity of 1.00%. The firm had revenue of $86.15 million during the quarter, compared to the consensus estimate of $84.82 million. During the same period last year, the firm posted $0.30 EPS. The firm's revenue for the quarter was up 15.2% on a year-over-year basis. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS. FY 2025 guidance at 2.980-3.020 EPS. On average, analysts forecast that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current fiscal year.

Easterly Government Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Friday, November 7th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend was Friday, November 7th. Easterly Government Properties's dividend payout ratio (DPR) is currently 600.00%.

Analyst Ratings Changes

DEA has been the topic of a number of recent research reports. Weiss Ratings raised Easterly Government Properties from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, November 25th. New Street Research set a $20.00 price objective on shares of Easterly Government Properties in a research report on Monday, October 13th. Compass Point set a $26.45 target price on shares of Easterly Government Properties and gave the company a "buy" rating in a report on Wednesday, October 15th. Finally, Truist Financial cut their price target on shares of Easterly Government Properties from $25.00 to $24.00 and set a "hold" rating for the company in a report on Monday, November 24th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $24.99.

Get Our Latest Stock Analysis on DEA

Easterly Government Properties Company Profile

(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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