Huntington National Bank Sells 2,564 Shares of Easterly Government Properties, Inc. $DEA

Huntington National Bank cut its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 61.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,625 shares of the real estate investment trust’s stock after selling 2,564 shares during the quarter. Huntington National Bank’s holdings in Easterly Government Properties were worth $36,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Resona Asset Management Co. Ltd. lifted its stake in Easterly Government Properties by 10.9% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 43,477 shares of the real estate investment trust’s stock valued at $460,000 after purchasing an additional 4,273 shares during the last quarter. Montag A & Associates Inc. acquired a new position in Easterly Government Properties in the 1st quarter valued at about $129,000. Principal Financial Group Inc. grew its stake in Easterly Government Properties by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 494,419 shares of the real estate investment trust’s stock valued at $5,241,000 after buying an additional 12,863 shares during the last quarter. Wealthedge Investment Advisors LLC raised its holdings in Easterly Government Properties by 154.0% in the 1st quarter. Wealthedge Investment Advisors LLC now owns 114,472 shares of the real estate investment trust’s stock valued at $1,213,000 after acquiring an additional 69,397 shares during the period. Finally, Natixis Advisors LLC acquired a new stake in Easterly Government Properties during the first quarter worth approximately $236,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Easterly Government Properties Trading Down 0.3%

Shares of NYSE:DEA opened at $21.37 on Monday. The business’s 50 day simple moving average is $22.41 and its 200 day simple moving average is $22.19. Easterly Government Properties, Inc. has a 1 year low of $19.33 and a 1 year high of $34.17. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.47 and a quick ratio of 3.47. The company has a market capitalization of $985.51 million, a P/E ratio of 70.08 and a beta of 0.94.

Easterly Government Properties (NYSE:DEA) last released its earnings results on Monday, October 27th. The real estate investment trust reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. The firm had revenue of $82.21 million during the quarter, compared to the consensus estimate of $84.82 million. Easterly Government Properties had a return on equity of 1.00% and a net margin of 4.24%.The company’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS. FY 2025 guidance at 2.980-3.020 EPS. On average, research analysts anticipate that Easterly Government Properties, Inc. will post 1.17 EPS for the current fiscal year.

Easterly Government Properties Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DEA. BMO Capital Markets raised Easterly Government Properties from a “strong sell” rating to a “hold” rating and set a $25.00 target price on the stock in a research report on Wednesday, July 16th. Weiss Ratings lowered Easterly Government Properties from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. New Street Research set a $20.00 price objective on Easterly Government Properties in a research report on Monday, October 13th. Finally, Compass Point set a $26.45 target price on Easterly Government Properties and gave the stock a “buy” rating in a report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $26.41.

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.