Fmr LLC Has $12.82 Million Position in Easterly Government Properties, Inc. (NYSE:DEA)

FMR LLC decreased its holdings in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 6.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 944,333 shares of the real estate investment trust's stock after selling 65,019 shares during the quarter. FMR LLC owned 0.89% of Easterly Government Properties worth $12,824,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Easterly Government Properties by 7.7% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 111,224 shares of the real estate investment trust's stock worth $1,376,000 after purchasing an additional 7,924 shares during the period. Kempner Capital Management Inc. acquired a new stake in shares of Easterly Government Properties during the 2nd quarter valued at $3,181,000. Dakota Wealth Management boosted its stake in shares of Easterly Government Properties by 9.6% during the 2nd quarter. Dakota Wealth Management now owns 65,299 shares of the real estate investment trust's stock valued at $808,000 after buying an additional 5,740 shares during the period. Xcel Wealth Management LLC raised its holdings in shares of Easterly Government Properties by 11.6% during the 2nd quarter. Xcel Wealth Management LLC now owns 392,132 shares of the real estate investment trust's stock valued at $4,851,000 after purchasing an additional 40,782 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in shares of Easterly Government Properties by 10.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 51,800 shares of the real estate investment trust's stock valued at $641,000 after purchasing an additional 4,700 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.

Easterly Government Properties Stock Performance

Shares of NYSE:DEA traded down $0.02 on Thursday, hitting $11.76. 1,374,427 shares of the company were exchanged, compared to its average volume of 955,840. The company's 50 day moving average price is $13.02 and its two-hundred day moving average price is $13.02. Easterly Government Properties, Inc. has a one year low of $10.94 and a one year high of $14.52. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.01 and a current ratio of 4.01. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 65.44 and a beta of 0.69.

Easterly Government Properties (NYSE:DEA - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.24). Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The company had revenue of $74.78 million for the quarter, compared to the consensus estimate of $74.98 million. During the same quarter in the previous year, the firm posted $0.29 EPS. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. Research analysts expect that Easterly Government Properties, Inc. will post 1.16 earnings per share for the current year.

Easterly Government Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.265 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.06 annualized dividend and a dividend yield of 9.01%. Easterly Government Properties's dividend payout ratio (DPR) is currently 588.89%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DEA. Truist Financial cut their price target on shares of Easterly Government Properties from $14.00 to $13.00 and set a "hold" rating on the stock in a report on Friday, December 6th. StockNews.com upgraded shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group upgraded shares of Easterly Government Properties from a "hold" rating to a "buy" rating and lifted their target price for the stock from $13.00 to $15.00 in a report on Monday, October 14th.

Easterly Government Properties 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.