New York State Teachers Retirement System Has $1.66 Million Stock Position in Easterly Government Properties, Inc. (NYSE:DEA)

New York State Teachers Retirement System cut its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,525 shares of the real estate investment trust’s stock after selling 920 shares during the period. New York State Teachers Retirement System owned 0.12% of Easterly Government Properties worth $1,664,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UniSuper Management Pty Ltd increased its position in shares of Easterly Government Properties by 187.5% during the first quarter. UniSuper Management Pty Ltd now owns 78,486 shares of the real estate investment trust’s stock worth $903,000 after buying an additional 51,186 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Easterly Government Properties by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 91,458 shares of the real estate investment trust’s stock worth $1,131,000 after acquiring an additional 66,965 shares during the period. Vanguard Group Inc. raised its position in shares of Easterly Government Properties by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 11,009,182 shares of the real estate investment trust’s stock worth $126,716,000 after acquiring an additional 175,750 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Easterly Government Properties by 24.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 244,030 shares of the real estate investment trust’s stock valued at $2,809,000 after purchasing an additional 48,375 shares during the period. Finally, Aurora Investment Managers LLC. boosted its position in shares of Easterly Government Properties by 14.2% during the 3rd quarter. Aurora Investment Managers LLC. now owns 288,391 shares of the real estate investment trust’s stock valued at $3,916,000 after purchasing an additional 35,864 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analysts Set New Price Targets

DEA has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded 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. Truist Financial lifted their price objective on shares of Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Thursday, August 29th. Finally, StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th.

Easterly Government Properties Trading Up 0.0 %

NYSE DEA opened at $13.54 on Friday. Easterly Government Properties, Inc. has a 52 week low of $10.62 and a 52 week high of $14.52. The business has a 50 day moving average price of $13.59 and a 200-day moving average price of $12.95. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 1.02. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 71.24 and a beta of 0.72.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.24). Easterly Government Properties had a net margin of 6.49% and a return on equity of 1.36%. The business had revenue of $74.78 million for the quarter, compared to the consensus estimate of $74.98 million. During the same quarter last 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. As a group, equities analysts expect that Easterly Government Properties, Inc. will post 1.15 earnings per share for the current fiscal year.

Easterly Government Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be issued a $0.265 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 7.83%. Easterly Government Properties’s dividend payout ratio is presently 557.92%.

About Easterly Government Properties

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.