Easterly Government Properties, Inc. (NYSE:DEA) Shares Sold by Bard Associates Inc.

Bard Associates Inc. lowered its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 176,850 shares of the real estate investment trust’s stock after selling 2,200 shares during the quarter. Bard Associates Inc. owned approximately 0.17% of Easterly Government Properties worth $2,402,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Easterly Government Properties by 56.6% in the second quarter. GAMMA Investing LLC now owns 3,006 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 1,086 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Easterly Government Properties by 35.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 997 shares during the last quarter. KBC Group NV grew its position in shares of 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 worth $71,000 after acquiring an additional 2,014 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Easterly Government Properties during the first quarter valued at $89,000. Finally, National Bank of Canada FI bought a new position in shares of Easterly Government Properties during the second quarter valued at approximately $115,000. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DEA has been the topic of several recent research reports. StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Truist Financial upped their target price on Easterly Government Properties from $13.00 to $14.00 and gave the company a “hold” rating in a report on Thursday, August 29th. Finally, Jefferies Financial Group upgraded Easterly Government Properties from a “hold” rating to a “buy” rating and increased their target price for the company from $13.00 to $15.00 in a report on Monday, October 14th.

Easterly Government Properties Stock Performance

Easterly Government Properties stock opened at $12.57 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01. The stock has a fifty day moving average price of $13.57 and a two-hundred day moving average price of $12.99. The firm has a market capitalization of $1.33 billion, a P/E ratio of 69.83 and a beta of 0.72. Easterly Government Properties, Inc. has a 52-week low of $10.94 and a 52-week high of $14.52.

Easterly Government Properties (NYSE:DEA) last announced its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.24). The firm had revenue of $74.78 million for the quarter, compared to the consensus estimate of $74.98 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. Easterly Government Properties’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. As a group, analysts anticipate that Easterly Government Properties, Inc. will post 1.15 EPS for the current fiscal year.

Easterly Government Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 8.43%. The ex-dividend date of this dividend is Friday, November 15th. Easterly Government Properties’s dividend payout ratio is currently 588.89%.

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.