Nomura Asset Management Co. Ltd. Has $1.73 Million Stake in Easterly Government Properties, Inc. (NYSE:DEA)

Nomura Asset Management Co. Ltd. cut its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 1.2% in the third quarter, Holdings Channel.com reports. The firm owned 127,100 shares of the real estate investment trust’s stock after selling 1,500 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Easterly Government Properties were worth $1,726,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DEA. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Easterly Government Properties by 35.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 997 shares in the last quarter. GAMMA Investing LLC raised its position in Easterly Government Properties by 29.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 875 shares during the last quarter. KBC Group NV lifted its stake in Easterly Government Properties by 62.4% in the 3rd quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 2,014 shares in the last quarter. National Bank of Canada FI acquired a new position in Easterly Government Properties during the 2nd quarter worth approximately $115,000. Finally, Signaturefd LLC grew its stake in shares of Easterly Government Properties by 34.6% during the 2nd quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 2,563 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Price Performance

NYSE:DEA opened at $11.74 on Friday. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 65.22 and a beta of 0.69. The stock’s 50 day moving average price is $12.96 and its two-hundred day moving average price is $13.02. Easterly Government Properties, Inc. has a 12-month low of $10.94 and a 12-month high of $14.52.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results 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). Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The business had revenue of $74.78 million during the quarter, compared to analyst estimates of $74.98 million. During the same quarter last year, the company posted $0.29 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. On average, analysts anticipate that Easterly Government Properties, Inc. will post 1.16 earnings per share for the current year.

Easterly Government Properties Dividend Announcement

The business also recently declared 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 dividend yield of 9.03%. The ex-dividend date was Friday, November 15th. Easterly Government Properties’s dividend payout ratio (DPR) is currently 588.89%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DEA. Truist Financial reduced their target price on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, December 6th. StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group raised Easterly Government Properties from a “hold” rating to a “buy” rating and lifted their target price for the company from $13.00 to $15.00 in a research report on Monday, October 14th.

Easterly Government Properties 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.