US Bancorp DE Trims Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

US Bancorp DE reduced its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 81.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,252 shares of the real estate investment trust’s stock after selling 27,783 shares during the period. US Bancorp DE’s holdings in Easterly Government Properties were worth $85,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DEA. Kempner Capital Management Inc. acquired a new stake in Easterly Government Properties during the 2nd quarter valued at $3,181,000. Vanguard Group Inc. grew its position in 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 purchasing an additional 175,750 shares during the last quarter. Employees Retirement System of Texas acquired a new position in Easterly Government Properties during the 2nd quarter worth $1,571,000. Deprince Race & Zollo Inc. raised 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 buying an additional 107,753 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Easterly Government Properties by 9.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,144,075 shares of the real estate investment trust’s stock valued at $14,152,000 after purchasing an additional 102,521 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. StockNews.com upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Truist Financial increased their price target on Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Thursday, August 29th. Finally, Jefferies Financial Group raised 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 research note on Monday, October 14th.

Easterly Government Properties Price Performance

Shares of Easterly Government Properties stock opened at $12.06 on Friday. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07. Easterly Government Properties, Inc. has a 1-year low of $10.94 and a 1-year high of $14.52. The firm has a fifty day simple moving average of $13.55 and a 200-day simple moving average of $13.00. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 67.00 and a beta of 0.72.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data 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 return on equity of 1.34% and a net margin of 6.25%. The firm had revenue of $74.78 million during the quarter, compared to the consensus estimate of $74.98 million. During the same quarter in the prior year, the business posted $0.29 EPS. Easterly Government Properties’s revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts expect that Easterly Government Properties, Inc. will post 1.15 earnings per share for the current year.

Easterly Government Properties Announces Dividend

The firm 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 dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 8.79%. The ex-dividend date of this dividend is Friday, November 15th. Easterly Government Properties’s payout ratio is presently 588.89%.

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.