Jacobs Levy Equity Management Inc. Sells 27,915 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

Jacobs Levy Equity Management Inc. reduced its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 8.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 304,178 shares of the real estate investment trust’s stock after selling 27,915 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.29% of Easterly Government Properties worth $4,131,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Easterly Government Properties by 56.6% during the second 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 during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Easterly Government Properties by 35.6% during 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 buying an additional 997 shares during the period. KBC Group NV increased its position in Easterly Government Properties by 62.4% during the 3rd quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 2,014 shares during the period. National Bank of Canada FI acquired a new stake in shares of Easterly Government Properties during the second quarter worth $115,000. Finally, Signaturefd LLC boosted its position in shares of Easterly Government Properties by 34.6% in the second quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 2,563 shares during the period. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DEA has been the subject of several analyst reports. StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Jefferies Financial Group upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $13.00 to $15.00 in a research report on Monday, October 14th. Finally, Truist Financial reduced their price target on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday.

Easterly Government Properties Price Performance

Shares of NYSE:DEA opened at $11.68 on Friday. The firm has a 50 day moving average of $13.13 and a 200-day moving average of $13.01. Easterly Government Properties, Inc. has a 12 month low of $10.94 and a 12 month high of $14.52. 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 $1.23 billion, a PE ratio of 64.86 and a beta of 0.69.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.24). The firm had revenue of $74.78 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 earnings per share. On average, equities research analysts predict that Easterly Government Properties, Inc. will post 1.15 EPS for the current fiscal year.

Easterly Government Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were paid a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 9.08%. The ex-dividend date was Friday, November 15th. Easterly Government Properties’s dividend payout ratio (DPR) is presently 588.89%.

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.