Bard Associates Inc. Has $2.40 Million Stock Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Bard Associates Inc. trimmed its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 1.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,850 shares of the real estate investment trust’s stock after selling 2,200 shares during the quarter. Bard Associates Inc.’s holdings in Easterly Government Properties were worth $2,402,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DEA. KBC Group NV lifted its position in shares of Easterly Government Properties by 62.4% during the third quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 2,014 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Easterly Government Properties by 4.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,932,660 shares of the real estate investment trust’s stock worth $26,246,000 after buying an additional 79,400 shares during the last quarter. Harbour Investments Inc. increased its position in shares of Easterly Government Properties by 2,764.1% during the 3rd quarter. Harbour Investments Inc. now owns 33,080 shares of the real estate investment trust’s stock valued at $449,000 after purchasing an additional 31,925 shares during the last quarter. Versor Investments LP raised its stake in shares of Easterly Government Properties by 165.3% during the 3rd quarter. Versor Investments LP now owns 124,546 shares of the real estate investment trust’s stock worth $1,691,000 after purchasing an additional 77,600 shares during the period. Finally, Keynote Financial Services LLC raised its stake in shares of Easterly Government Properties by 28.1% during the 3rd quarter. Keynote Financial Services LLC now owns 40,275 shares of the real estate investment trust’s stock worth $547,000 after purchasing an additional 8,835 shares during the period. 86.51% of the stock is owned by institutional investors.

Easterly Government Properties Stock Performance

NYSE DEA opened at $12.57 on Friday. The firm has a market cap of $1.33 billion, a P/E ratio of 69.83 and a beta of 0.72. 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 company’s 50 day moving average is $13.57 and its 200-day moving average is $12.99. 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 posted its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.24). The company had revenue of $74.78 million for the quarter, compared to analysts’ expectations of $74.98 million. Easterly Government Properties had a return on equity of 1.34% and a net margin of 6.25%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. Sell-side analysts predict that Easterly Government Properties, Inc. will post 1.15 earnings per share for the current year.

Easterly Government Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 8.43%. The ex-dividend date is Friday, November 15th. Easterly Government Properties’s payout ratio is presently 588.89%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DEA. Jefferies Financial Group upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and raised their price objective for the stock from $13.00 to $15.00 in a report on Monday, October 14th. Truist Financial lifted their price target on shares of Easterly Government Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Thursday, August 29th. Finally, StockNews.com raised Easterly Government Properties from a “sell” rating to a “hold” rating in a 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.