Clear Harbor Asset Management LLC Makes New $753,000 Investment in Easterly Government Properties, Inc. $DEA

Clear Harbor Asset Management LLC acquired a new position in shares of Easterly Government Properties, Inc. (NYSE:DEA) during the 4th quarter, Holdings Channel reports. The firm acquired 35,535 shares of the real estate investment trust’s stock, valued at approximately $753,000.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Easterly Government Properties by 215.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 772 shares during the last quarter. Parallel Advisors LLC boosted its position in Easterly Government Properties by 318.2% during the 3rd quarter. Parallel Advisors LLC now owns 1,334 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 1,015 shares during the period. US Bancorp DE boosted its position in Easterly Government Properties by 237.9% during the 3rd quarter. US Bancorp DE now owns 1,757 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 1,237 shares during the period. Danske Bank A S acquired a new position in Easterly Government Properties during the 4th quarter worth $44,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Easterly Government Properties in the 4th quarter worth $55,000. 86.51% of the stock is currently owned by institutional investors.

Easterly Government Properties Trading Down 1.8%

Shares of DEA opened at $23.56 on Tuesday. Easterly Government Properties, Inc. has a 1 year low of $20.56 and a 1 year high of $24.94. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.26. The stock has a 50 day simple moving average of $22.92 and a 200-day simple moving average of $22.61. The stock has a market cap of $1.09 billion, a PE ratio of 98.16 and a beta of 0.98.

Easterly Government Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a yield of 7.6%. Easterly Government Properties’s dividend payout ratio is 750.00%.

Wall Street Analyst Weigh In

DEA has been the topic of a number of research reports. Royal Bank Of Canada boosted their price objective on Easterly Government Properties from $21.00 to $22.00 and gave the stock an “underperform” rating in a research note on Monday, March 2nd. Wall Street Zen downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Truist Financial decreased their price target on Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. Finally, Weiss Ratings upgraded Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Easterly Government Properties presently has a consensus rating of “Hold” and an average price target of $23.49.

About Easterly Government Properties

Easterly Government Properties, Inc is a real estate investment trust that specializes in the acquisition, development and management of commercial properties leased to U.S. government agencies. Structured as a triple-net lease REIT, the company focuses on single-tenant assets with long-term, credit-backed leases that transfer most property-level responsibilities—including taxes, insurance and maintenance—to its government tenants.

The firm’s portfolio encompasses a variety of facility types, including office buildings, training centers, laboratories and mission-critical installations used by federal agencies.