Sunbelt Securities Inc. Grows Stock Position in Easterly Government Properties, Inc. (NYSE:DEA)

Sunbelt Securities Inc. increased its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 47.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 30,100 shares of the real estate investment trust’s stock after acquiring an additional 9,700 shares during the period. Sunbelt Securities Inc.’s holdings in Easterly Government Properties were worth $409,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Easterly Government Properties by 478.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 672,306 shares of the real estate investment trust’s stock valued at $9,130,000 after acquiring an additional 556,148 shares during the last quarter. Kempner Capital Management Inc. acquired a new stake in Easterly Government Properties in the 2nd quarter valued at approximately $3,181,000. Quest Partners LLC acquired a new stake in Easterly Government Properties in the 3rd quarter valued at approximately $3,449,000. Harbor Capital Advisors Inc. raised its position 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 valued at $3,053,000 after purchasing an additional 133,367 shares during the period. Finally, Employees Retirement System of Texas acquired a new position in Easterly Government Properties during the second quarter worth $1,571,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Truist Financial cut their price objective on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock 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 report on Thursday, October 10th. Finally, Jefferies Financial Group upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and lifted their price objective for the company from $13.00 to $15.00 in a report on Monday, October 14th.

Easterly Government Properties Trading Up 0.2 %

NYSE:DEA opened at $11.74 on Friday. Easterly Government Properties, Inc. has a 12-month low of $10.94 and a 12-month high of $14.52. The firm has a market cap of $1.24 billion, a PE ratio of 65.19 and a beta of 0.69. 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 stock has a fifty day moving average price of $12.96 and a 200 day moving average price of $13.01.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 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 EPS. Easterly Government Properties’s revenue for the quarter was up 3.8% on a year-over-year basis. Sell-side analysts anticipate that Easterly Government Properties, Inc. will post 1.16 earnings per share for the current fiscal year.

Easterly Government Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.03%. The ex-dividend date was Friday, November 15th. Easterly Government Properties’s dividend payout ratio is presently 588.89%.

Easterly Government Properties Company 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.