Easterly Government Properties, Inc. $DEA Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 80.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,456 shares of the real estate investment trust's stock after selling 14,254 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Easterly Government Properties were worth $77,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Resona Asset Management Co. Ltd. grew its holdings in Easterly Government Properties by 10.9% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 43,477 shares of the real estate investment trust's stock worth $460,000 after acquiring an additional 4,273 shares in the last quarter. Wealthedge Investment Advisors LLC lifted its position in shares of Easterly Government Properties by 154.0% during the first quarter. Wealthedge Investment Advisors LLC now owns 114,472 shares of the real estate investment trust's stock worth $1,213,000 after purchasing an additional 69,397 shares during the last quarter. Natixis Advisors LLC acquired a new position in Easterly Government Properties in the first quarter worth about $236,000. Nuveen LLC acquired a new position in Easterly Government Properties in the first quarter worth about $7,487,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Easterly Government Properties by 1.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,001,924 shares of the real estate investment trust's stock valued at $21,220,000 after buying an additional 26,596 shares during the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Easterly Government Properties Stock Performance

DEA stock opened at $21.81 on Monday. Easterly Government Properties, Inc. has a 1 year low of $19.33 and a 1 year high of $31.25. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 71.51 and a beta of 0.96. 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's fifty day moving average is $21.89 and its two-hundred day moving average is $22.29.

Easterly Government Properties (NYSE:DEA - Get Free Report) last released its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. The business had revenue of $86.15 million during the quarter, compared to analyst estimates of $84.82 million. Easterly Government Properties had a net margin of 4.24% and a return on equity of 1.00%. The company's quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share. 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, research analysts predict that Easterly Government Properties, Inc. will post 1.17 EPS for the current year.

Easterly Government Properties Dividend Announcement

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

Analyst Ratings Changes

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

View Our Latest Stock Analysis on Easterly Government Properties

About Easterly Government Properties

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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