Easterly Government Properties, Inc. (NYSE:DEA) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its holdings in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 71.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,234 shares of the real estate investment trust's stock after selling 49,648 shares during the quarter. Natixis Advisors LLC's holdings in Easterly Government Properties were worth $275,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Easterly Government Properties by 56.6% in the second quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 1,086 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Easterly Government Properties by 35.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 997 shares during the last quarter. KBC Group NV grew its holdings in shares of Easterly Government Properties by 62.4% during the third quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust's stock worth $71,000 after buying an additional 2,014 shares in the last quarter. National Bank of Canada FI purchased a new position in shares of Easterly Government Properties in the second quarter worth about $115,000. Finally, Signaturefd LLC grew its stake in Easterly Government Properties by 34.6% during the 2nd quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust's stock valued at $123,000 after acquiring an additional 2,563 shares in the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Easterly Government Properties Price Performance

Shares of DEA stock remained flat at $12.32 on Friday. The company had a trading volume of 596,163 shares, compared to its average volume of 930,511. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 68.44 and a beta of 0.72. Easterly Government Properties, Inc. has a 52-week low of $10.94 and a 52-week high of $14.52. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01. The firm has a 50-day moving average of $13.31 and a 200 day moving average of $13.02.

Easterly Government Properties (NYSE:DEA - Get Free Report) last released its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.24). Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The company had revenue of $74.78 million during the quarter, compared to analysts' expectations of $74.98 million. During the same quarter last year, the business posted $0.29 earnings per share. The company's revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities analysts forecast that Easterly Government Properties, Inc. will post 1.15 EPS for the current year.

Easterly Government Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 8.60%. The ex-dividend date was Friday, November 15th. Easterly Government Properties's dividend payout ratio (DPR) is presently 588.89%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Truist Financial boosted their target price on Easterly Government Properties from $13.00 to $14.00 and gave the stock a "hold" rating in a report on Thursday, August 29th. StockNews.com raised Easterly Government Properties from a "sell" rating to a "hold" rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group upgraded Easterly Government Properties from a "hold" rating to a "buy" rating and lifted their price target for the stock from $13.00 to $15.00 in a report on Monday, October 14th.

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.