Sumitomo Mitsui Trust Group Inc. Lowers Stock Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 2.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 108,044 shares of the real estate investment trust’s stock after selling 3,180 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.10% of Easterly Government Properties worth $1,467,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in Easterly Government Properties by 56.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,086 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Easterly Government Properties by 35.6% in 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 in the last quarter. National Bank of Canada FI purchased a new stake in Easterly Government Properties in the 2nd quarter worth $115,000. Signaturefd LLC lifted its stake in Easterly Government Properties by 34.6% in the 2nd quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 2,563 shares in the last quarter. Finally, Accel Wealth Management purchased a new stake in Easterly Government Properties in the 2nd quarter worth $124,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Truist Financial boosted 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 note on Thursday, August 29th. Jefferies Financial Group upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $13.00 to $15.00 in a research note on Monday, October 14th. Finally, StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th.

Easterly Government Properties Stock Up 0.6 %

Shares of NYSE DEA opened at $12.07 on Wednesday. The firm’s 50-day moving average price is $13.49 and its 200-day moving average price is $13.01. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 67.03 and a beta of 0.72. Easterly Government Properties, Inc. has a 12-month low of $10.94 and a 12-month high of $14.52.

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

Easterly Government Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a dividend of $0.265 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.06 annualized dividend and a yield of 8.79%. Easterly Government Properties’s payout ratio is 588.89%.

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.