Clear Harbor Asset Management LLC Takes Position in Easterly Government Properties, Inc. $DEA

Clear Harbor Asset Management LLC purchased a new stake in Easterly Government Properties, Inc. (NYSE:DEA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 35,535 shares of the real estate investment trust’s stock, valued at approximately $753,000. Clear Harbor Asset Management LLC owned approximately 0.08% of Easterly Government Properties as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DEA. EverSource Wealth Advisors LLC increased its position in shares of Easterly Government Properties by 215.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 772 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Easterly Government Properties by 318.2% in the third quarter. Parallel Advisors LLC now owns 1,334 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,015 shares in the last quarter. US Bancorp DE increased its position in shares of Easterly Government Properties by 237.9% in the third quarter. US Bancorp DE now owns 1,757 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 1,237 shares in the last quarter. Danske Bank A S purchased a new position in shares of Easterly Government Properties in the fourth quarter valued at $44,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Easterly Government Properties during the fourth quarter valued at $55,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Stock Performance

NYSE DEA opened at $23.56 on Tuesday. The firm has a market capitalization of $1.09 billion, a P/E ratio of 98.16 and a beta of 0.98. Easterly Government Properties, Inc. has a 1-year low of $20.56 and a 1-year high of $24.94. The company has a debt-to-equity ratio of 1.26, a current ratio of 4.01 and a quick ratio of 4.01. The business’s 50-day simple moving average is $22.92 and its 200-day simple moving average is $22.61.

Easterly Government Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.6%. The ex-dividend date was Thursday, May 7th. Easterly Government Properties’s dividend payout ratio (DPR) is presently 750.00%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Royal Bank Of Canada increased their price objective on Easterly Government Properties from $21.00 to $22.00 and gave the company an “underperform” rating in a research note on Monday, March 2nd. Weiss Ratings raised Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Truist Financial decreased their price objective on Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Finally, Wall Street Zen lowered Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $23.49.

Easterly Government Properties Profile

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.