Strs Ohio Has $ 2.42 Million Stock Position in Easterly Government Properties, Inc. (NYSE: DEA)


Strs Ohio decreased its stake in Easterly Government Properties, Inc. (NYSE: DEA – Get Rating) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114,526 shares of the real estate investment trust’s stock after selling 934 shares during the period. Strs Ohio’s holdings in Easterly Government Properties were worth $ 2,421,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Invesco Ltd. lifted its position in Easterly Government Properties by 68.4% in the fourth quarter. Invesco Ltd. now owns 1,328,929 shares of the real estate investment trust’s stock worth $ 30,459,000 after purchasing an additional 539,806 shares during the period. State Street Corp lifted its position in Easterly Government Properties by 10.1% in the fourth quarter. State Street Corp now owns 4,850,948 shares of the real estate investment trust’s stock worth $ 111,184,000 after purchasing an additional 444,126 shares during the period. Palisade Capital Management LLC NJ lifted its position in Easterly Government Properties by 37.8% in the fourth quarter. Palisade Capital Management LLC NJ now owns 1,514,994 shares of the real estate investment trust’s stock worth $ 34,724,000 after purchasing an additional 415,799 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Easterly Government Properties in the fourth quarter worth $ 8,612,000. Finally, Eagle Asset Management Inc. bought a new position in Easterly Government Properties in the fourth quarter worth $ 8,317,000. Institutional investors and hedge funds own 84.55% of the company’s stock.

Several research analysts recently commented on the company. Truist Financial reduced their target price on Easterly Government Properties from $ 22.00 to $ 21.00 and set a “hold” rating for the company in a research report on Thursday, June 30th. StockNews.com initiated coverage on Easterly Government Properties in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Jefferies Financial Group cut their price objective on Easterly Government Properties from $ 21.00 to $ 20.00 and set a “hold” rating for the company in a report on Thursday, June 30th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Easterly Government Properties has an average rating of “Hold” and an average price target of $ 22.38.

Shares of NYSE: DEA opened at $ 19.07 on Friday. Easterly Government Properties, Inc. has a twelve month low of $ 18.01 and a twelve month high of $ 23.65. The firm has a market cap of $ 1.73 billion, a PE ratio of 54.49 and a beta of 0.50. The company has a debt-to-equity ratio of 0.85, a quick ratio of 4.01 and a current ratio of 4.01. The business has a fifty-day moving average of $ 19.15 and a 200-day moving average of $ 20.44.

Easterly Government Properties (NYSE: DEA – Get Rating) last announced its earnings results on Tuesday, May 3rd. The real estate investment trust reported $ 0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $ 0.34 by ($ 0.26). Easterly Government Properties had a net margin of 10.78% and a return on equity of 2.18%. The business had revenue of $ 72.30 million during the quarter, compared to analyst estimates of $ 74.73 million. During the same quarter last year, the business posted $ 0.33 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, analysts anticipate that Easterly Government Properties, Inc. will post 1.34 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 25th. Stockholders of record on Friday, May 13th were paid a $ 0.265 dividend. The ex-dividend date was Thursday, May 12th. This represents a $ 1.06 dividend on an annualized basis and a dividend yield of 5.56%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 302.87%.

About Easterly Government Properties (Get Rating)

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 US Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical US

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Institutional Ownership by Quarter for Easterly Government Properties (NYSE: DEA)



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