Jennison Associates LLC Invests $714,000 in Easterly Government Properties, Inc. $DEA

Jennison Associates LLC acquired a new position in shares of Easterly Government Properties, Inc. (NYSE:DEA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 32,177 shares of the real estate investment trust’s stock, valued at approximately $714,000. Jennison Associates LLC owned approximately 0.07% of Easterly Government Properties at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Easterly Government Properties by 3.2% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,197 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 465 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Easterly Government Properties by 1.4% during the first quarter. MetLife Investment Management LLC now owns 60,740 shares of the real estate investment trust’s stock worth $644,000 after buying an additional 812 shares in the last quarter. PharVision Advisers LLC increased its holdings in shares of Easterly Government Properties by 6.2% during the first quarter. PharVision Advisers LLC now owns 24,913 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 1,456 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Easterly Government Properties by 10.1% during the first quarter. Avantax Advisory Services Inc. now owns 27,217 shares of the real estate investment trust’s stock worth $288,000 after buying an additional 2,501 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of Easterly Government Properties by 3.2% during the first quarter. Hsbc Holdings PLC now owns 89,616 shares of the real estate investment trust’s stock worth $950,000 after buying an additional 2,798 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Easterly Government Properties Price Performance

DEA opened at $21.66 on Friday. The company has a fifty day moving average price of $22.54 and a two-hundred day moving average price of $22.14. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.75 and a current ratio of 3.47. Easterly Government Properties, Inc. has a 52 week low of $19.33 and a 52 week high of $34.50. The firm has a market capitalization of $998.74 million, a PE ratio of 71.02 and a beta of 0.95.

Easterly Government Properties (NYSE:DEA) last released its earnings results on Monday, October 27th. The real estate investment trust reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates 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 $82.21 million during the quarter, compared to analyst estimates of $84.82 million. During the same quarter in the previous year, the business earned $0.30 EPS. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS. FY 2025 guidance at 2.980-3.020 EPS. As a group, analysts anticipate that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current year.

Easterly Government Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DEA shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Easterly Government Properties in a report on Wednesday, October 8th. BMO Capital Markets raised shares of Easterly Government Properties from a “strong sell” rating to a “hold” rating and set a $25.00 price target for the company in a report on Wednesday, July 16th. New Street Research set a $20.00 price target on shares of Easterly Government Properties in a report on Monday, October 13th. Finally, Compass Point set a $26.45 price target on shares of Easterly Government Properties and gave the company a “buy” rating in a report on Wednesday, October 15th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $26.41.

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.