Longfellow Investment Management Co. LLC Cuts Stake in Easterly Government Properties, Inc. $DEA

Longfellow Investment Management Co. LLC decreased its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 60.0% in the second quarter, Holdings Channel reports. The firm owned 281,503 shares of the real estate investment trust’s stock after selling 422,255 shares during the period. Easterly Government Properties comprises about 1.5% of Longfellow Investment Management Co. LLC’s portfolio, making the stock its 12th largest position. Longfellow Investment Management Co. LLC’s holdings in Easterly Government Properties were worth $6,249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Resona Asset Management Co. Ltd. increased its stake in Easterly Government Properties by 10.9% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 43,477 shares of the real estate investment trust’s stock valued at $460,000 after purchasing an additional 4,273 shares in the last quarter. Wealthedge Investment Advisors LLC grew its holdings in Easterly Government Properties by 154.0% during the first quarter. Wealthedge Investment Advisors LLC now owns 114,472 shares of the real estate investment trust’s stock worth $1,213,000 after acquiring an additional 69,397 shares during the period. Natixis Advisors LLC purchased a new position in Easterly Government Properties in the first quarter valued at $236,000. Nuveen LLC acquired a new position in shares of Easterly Government Properties during the 1st quarter worth approximately $7,487,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Easterly Government Properties by 1.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,001,924 shares of the real estate investment trust’s stock worth $21,220,000 after buying an additional 26,596 shares during the period. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Easterly Government Properties Stock Up 3.4%

DEA stock opened at $21.25 on Monday. The company has a market cap of $979.84 million, a price-to-earnings ratio of 69.67 and a beta of 0.94. The firm has a 50-day moving average of $22.04 and a two-hundred day moving average of $22.25. Easterly Government Properties, Inc. has a 12 month low of $19.33 and a 12 month high of $31.77. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 1.18.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. The firm had revenue of $86.15 million during the quarter, compared to analysts’ expectations of $84.82 million. Easterly Government Properties had a return on equity of 1.00% and a net margin of 4.24%.The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS. FY 2025 guidance at 2.980-3.020 EPS. As a group, analysts forecast that Easterly Government Properties, Inc. will post 1.17 earnings per share for the current fiscal year.

Easterly Government Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Friday, November 7th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.5%. Easterly Government Properties’s dividend payout ratio is currently 600.00%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Easterly Government Properties in a research note on Wednesday. Compass Point set a $26.45 target price on shares of Easterly Government Properties and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, New Street Research set a $20.00 price target on shares of Easterly Government Properties in a research report on Monday, October 13th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $26.41.

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.