Harbour Investments Inc. Grows Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Harbour Investments Inc. increased its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 2,764.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,080 shares of the real estate investment trust’s stock after buying an additional 31,925 shares during the period. Harbour Investments Inc.’s holdings in Easterly Government Properties were worth $449,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Kempner Capital Management Inc. acquired a new position in Easterly Government Properties during the 2nd quarter worth $3,181,000. Vanguard Group Inc. lifted its position in shares of Easterly Government Properties by 1.6% during the first quarter. Vanguard Group Inc. now owns 11,009,182 shares of the real estate investment trust’s stock worth $126,716,000 after purchasing an additional 175,750 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in Easterly Government Properties by 145.8% in the third quarter. Harbor Capital Advisors Inc. now owns 224,825 shares of the real estate investment trust’s stock worth $3,053,000 after purchasing an additional 133,367 shares in the last quarter. Employees Retirement System of Texas bought a new stake in Easterly Government Properties in the second quarter valued at about $1,571,000. Finally, Deprince Race & Zollo Inc. raised its stake in Easterly Government Properties by 11.2% during the second quarter. Deprince Race & Zollo Inc. now owns 1,067,155 shares of the real estate investment trust’s stock valued at $13,201,000 after buying an additional 107,753 shares in the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Easterly Government Properties Stock Down 1.9 %

Shares of Easterly Government Properties stock opened at $12.06 on Friday. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 67.00 and a beta of 0.72. Easterly Government Properties, Inc. has a twelve month low of $10.94 and a twelve 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 business’s 50 day simple moving average is $13.55 and its 200-day simple moving average is $13.00.

Easterly Government Properties (NYSE:DEA) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.24). Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The company had revenue of $74.78 million during the quarter, compared to analyst estimates of $74.98 million. During the same period in the prior year, the business earned $0.29 earnings per share. Easterly Government Properties’s quarterly revenue was up 3.8% on a year-over-year basis. Equities research analysts forecast that Easterly Government Properties, Inc. will post 1.15 earnings per share for the current year.

Easterly Government Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be given a $0.265 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.06 annualized dividend and a yield of 8.79%. Easterly Government Properties’s dividend payout ratio is presently 588.89%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DEA. Jefferies Financial Group upgraded Easterly Government Properties from a “hold” rating to a “buy” rating and boosted their price target for the company from $13.00 to $15.00 in a report on Monday, October 14th. Truist Financial boosted their target price on shares of Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Thursday, August 29th. Finally, StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th.

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.