Foresight Group Ltd Liability Partnership Grows Stake in Easterly Government Properties, Inc. $DEA

Foresight Group Ltd Liability Partnership grew its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,012,520 shares of the real estate investment trust’s stock after buying an additional 8,900 shares during the period. Easterly Government Properties accounts for 1.5% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 28th biggest position. Foresight Group Ltd Liability Partnership owned approximately 2.25% of Easterly Government Properties worth $10,705,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millennium Management LLC increased its position in Easterly Government Properties by 1,759.2% during the 1st quarter. Millennium Management LLC now owns 1,000,176 shares of the real estate investment trust’s stock valued at $10,602,000 after purchasing an additional 946,381 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Easterly Government Properties by 74.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,861,478 shares of the real estate investment trust’s stock worth $21,146,000 after purchasing an additional 795,058 shares during the period. Nuveen LLC bought a new stake in shares of Easterly Government Properties during the 1st quarter valued at about $7,487,000. Two Sigma Investments LP increased its position in shares of Easterly Government Properties by 276.8% during the fourth quarter. Two Sigma Investments LP now owns 838,081 shares of the real estate investment trust’s stock valued at $9,521,000 after buying an additional 615,688 shares during the period. Finally, Longfellow Investment Management Co. LLC increased its position in shares of Easterly Government Properties by 543.8% during the first quarter. Longfellow Investment Management Co. LLC now owns 703,758 shares of the real estate investment trust’s stock valued at $7,460,000 after buying an additional 594,449 shares during the period. Institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Price Performance

Shares of DEA opened at $23.31 on Thursday. Easterly Government Properties, Inc. has a fifty-two week low of $19.33 and a fifty-two week high of $36.31. The firm’s 50-day simple moving average is $22.63 and its two-hundred day simple moving average is $23.05. The stock has a market cap of $1.06 billion, a PE ratio of 56.85 and a beta of 0.96. The company has a debt-to-equity ratio of 1.24, a quick ratio of 3.75 and a current ratio of 3.75.

Easterly Government Properties (NYSE:DEA) last released its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. The firm had revenue of $80.37 million during the quarter, compared to analyst estimates of $81.73 million. Easterly Government Properties had a net margin of 5.54% and a return on equity of 1.26%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the business earned $0.29 earnings per share. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. Analysts anticipate that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current fiscal year.

Easterly Government Properties Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend was Wednesday, August 13th. Easterly Government Properties’s payout ratio is 439.02%.

Analyst Ratings Changes

DEA has been the subject of several research analyst reports. BMO Capital Markets upgraded shares of Easterly Government Properties from a “strong sell” rating to a “hold” rating and set a $25.00 price objective for the company in a report on Wednesday, July 16th. Wall Street Zen cut Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Friday, June 6th. Finally, Royal Bank Of Canada dropped their price target on Easterly Government Properties from $27.50 to $22.00 and set an “underperform” rating on the stock in a research report on Monday, June 2nd. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Easterly Government Properties currently has an average rating of “Hold” and a consensus target price of $27.15.

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.