Principal Financial Group Inc. Sells 51,102 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

Principal Financial Group Inc. reduced its stake in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 10.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 456,384 shares of the real estate investment trust's stock after selling 51,102 shares during the quarter. Principal Financial Group Inc. owned about 0.44% of Easterly Government Properties worth $6,198,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kempner Capital Management Inc. bought a new position in shares of Easterly Government Properties during the second quarter worth approximately $3,181,000. Vanguard Group Inc. increased its holdings in shares of Easterly Government Properties by 1.6% during the first quarter. Vanguard Group Inc. now owns 11,009,182 shares of the real estate investment trust's stock worth $126,716,000 after purchasing an additional 175,750 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Easterly Government Properties by 145.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 224,825 shares of the real estate investment trust's stock worth $3,053,000 after acquiring an additional 133,367 shares in the last quarter. Employees Retirement System of Texas acquired a new stake in shares of Easterly Government Properties during the 2nd quarter worth approximately $1,571,000. Finally, Deprince Race & Zollo Inc. boosted its position in shares of Easterly Government Properties by 11.2% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,067,155 shares of the real estate investment trust's stock worth $13,201,000 after acquiring an additional 107,753 shares in the last quarter. 86.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Easterly Government Properties Stock Performance

Shares of Easterly Government Properties stock opened at $12.18 on Thursday. Easterly Government Properties, Inc. has a fifty-two week low of $10.94 and a fifty-two 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 market capitalization of $1.29 billion, a P/E ratio of 67.64 and a beta of 0.72. The company's 50 day moving average price is $13.47 and its two-hundred day moving average price is $13.00.

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

Easterly Government Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 8.71%. The ex-dividend date is Friday, November 15th. Easterly Government Properties's payout ratio is currently 588.89%.

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.