Public Employees Retirement System of Ohio Decreases Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Public Employees Retirement System of Ohio decreased its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 4.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 169,617 shares of the real estate investment trust’s stock after selling 7,581 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.16% of Easterly Government Properties worth $2,303,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DEA. Daiwa Securities Group Inc. lifted its stake in Easterly Government Properties by 2.7% in the second quarter. Daiwa Securities Group Inc. now owns 31,873 shares of the real estate investment trust’s stock worth $394,000 after purchasing an additional 842 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Easterly Government Properties by 3.3% in the second quarter. Arizona State Retirement System now owns 27,221 shares of the real estate investment trust’s stock worth $337,000 after buying an additional 859 shares during the period. Amalgamated Bank boosted its holdings in Easterly Government Properties by 2.8% during the 2nd quarter. Amalgamated Bank now owns 31,221 shares of the real estate investment trust’s stock valued at $386,000 after acquiring an additional 860 shares during the period. GAMMA Investing LLC grew its position in Easterly Government Properties by 29.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 875 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased 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 during the period. Institutional investors own 86.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Truist Financial dropped their price objective on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, December 6th. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group raised shares of Easterly Government Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $13.00 to $15.00 in a research note on Monday, October 14th.

Easterly Government Properties Price Performance

DEA opened at $11.63 on Wednesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.01 and a current ratio of 4.01. The stock has a market capitalization of $1.23 billion, a PE ratio of 64.58 and a beta of 0.69. The stock’s 50 day moving average price is $12.90 and its 200-day moving average price is $13.03. Easterly Government Properties, Inc. has a 52-week low of $10.94 and a 52-week high of $14.52.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.24). Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The company had revenue of $74.78 million for the quarter, compared to analysts’ expectations of $74.98 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities research analysts predict that Easterly Government Properties, Inc. will post 1.16 EPS for the current year.

Easterly Government Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 9.12%. The ex-dividend date of this dividend was Friday, November 15th. Easterly Government Properties’s dividend payout ratio is currently 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.