Wolff Wiese Magana LLC Purchases 9,443 Shares of Easterly Government Properties, Inc. $DEA

Wolff Wiese Magana LLC grew its position in Easterly Government Properties, Inc. (NYSE:DEA) by 944.3% during the second quarter, Holdings Channel reports. The institutional investor owned 10,443 shares of the real estate investment trust’s stock after acquiring an additional 9,443 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Easterly Government Properties were worth $232,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Easterly Government Properties in the 1st quarter valued at about $109,000. NewEdge Advisors LLC raised its position in shares of Easterly Government Properties by 12,846.9% in the 1st quarter. NewEdge Advisors LLC now owns 10,487 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 10,406 shares during the last quarter. Kaizen Financial Strategies purchased a new position in shares of Easterly Government Properties in the 1st quarter valued at approximately $111,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Easterly Government Properties in the 4th quarter valued at approximately $121,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Easterly Government Properties in the 1st quarter valued at approximately $120,000. 86.51% of the stock is currently owned by institutional investors.

Easterly Government Properties Price Performance

NYSE:DEA opened at $22.90 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.75 and a quick ratio of 3.75. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 55.86 and a beta of 0.96. The company has a 50 day moving average price of $22.69 and a 200-day moving average price of $22.63. Easterly Government Properties, Inc. has a 1-year low of $19.33 and a 1-year high of $36.31.

Easterly Government Properties (NYSE:DEA) last posted its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. Easterly Government Properties had a net margin of 5.54% and a return on equity of 1.26%. The firm had revenue of $80.37 million during the quarter, compared to analyst estimates of $81.73 million. During the same period in the previous year, the firm earned $0.29 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. Equities research analysts forecast that Easterly Government Properties, Inc. will post 1.17 EPS for the current year.

Easterly Government Properties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Wednesday, August 13th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.80 dividend on an annualized basis and a yield of 7.9%. Easterly Government Properties’s dividend payout ratio (DPR) is currently 439.02%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DEA. BMO Capital Markets raised shares of Easterly Government Properties from a “strong sell” rating to a “hold” rating and set a $25.00 price objective for the company in a research report on Wednesday, July 16th. Wall Street Zen lowered shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Friday, June 6th. Finally, Royal Bank Of Canada reduced their price target on shares of Easterly Government Properties from $27.50 to $22.00 and set an “underperform” rating for the company in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $27.15.

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.