New York State Common Retirement Fund Decreases Holdings in Easterly Government Properties, Inc. $DEA

New York State Common Retirement Fund lowered its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 59.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 201,848 shares of the real estate investment trust’s stock after selling 300,842 shares during the period. New York State Common Retirement Fund’s holdings in Easterly Government Properties were worth $4,481,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Allworth Financial LP raised its position in Easterly Government Properties by 223.9% during the second quarter. Allworth Financial LP now owns 1,778 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 1,229 shares during the period. CWM LLC increased its position in shares of Easterly Government Properties by 139.3% during the 2nd quarter. CWM LLC now owns 9,968 shares of the real estate investment trust’s stock valued at $221,000 after purchasing an additional 5,802 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in Easterly Government Properties by 944.3% during the 2nd quarter. Wolff Wiese Magana LLC now owns 10,443 shares of the real estate investment trust’s stock valued at $232,000 after buying an additional 9,443 shares during the period. NewEdge Advisors LLC lifted its position in Easterly Government Properties by 12,846.9% in the first quarter. NewEdge Advisors LLC now owns 10,487 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 10,406 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Easterly Government Properties during the second quarter worth $273,000. 86.51% of the stock is owned by institutional investors.

Easterly Government Properties Trading Down 2.0%

Shares of DEA opened at $21.43 on Friday. The firm has a market capitalization of $987.86 million, a price-to-earnings ratio of 70.25 and a beta of 0.96. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.47 and a quick ratio of 3.47. Easterly Government Properties, Inc. has a 1-year low of $19.33 and a 1-year high of $29.94. The company has a 50-day moving average of $21.77 and a 200 day moving average of $22.29.

Easterly Government Properties (NYSE:DEA) last issued its earnings results on Monday, October 27th. The real estate investment trust reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. Easterly Government Properties had a net margin of 4.24% and a return on equity of 1.00%. The business had revenue of $86.15 million for the quarter, compared to analyst estimates of $84.82 million. During the same period last year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS and its FY 2025 guidance at 2.980-3.020 EPS. On average, research analysts expect that Easterly Government Properties, Inc. will post 1.17 EPS for the current year.

Easterly Government Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Friday, November 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.80 dividend on an annualized basis and a yield of 8.4%. Easterly Government Properties’s payout ratio is 600.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Compass Point set a $26.45 target price on shares of Easterly Government Properties and gave the stock a “buy” rating in a report on Wednesday, October 15th. New Street Research set a $20.00 price objective on shares of Easterly Government Properties in a research note on Monday, October 13th. Truist Financial cut their target price on Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating on the stock in a research note on Monday, November 24th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Easterly Government Properties in a report on Monday, December 1st. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Easterly Government Properties has a consensus rating of “Hold” and a consensus price target of $24.99.

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.