Harbor Capital Advisors Inc. Has $3.05 Million Stock Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Harbor Capital Advisors Inc. grew its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 145.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 224,825 shares of the real estate investment trust’s stock after buying an additional 133,367 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Easterly Government Properties were worth $3,053,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Easterly Government Properties by 35.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 997 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Easterly Government Properties in the first quarter valued at $89,000. National Bank of Canada FI acquired a new stake in shares of Easterly Government Properties in the second quarter valued at $115,000. Finally, Signaturefd LLC increased its position in Easterly Government Properties by 34.6% in the second quarter. Signaturefd LLC now owns 9,970 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 2,563 shares during the period. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Easterly Government Properties Price Performance

Shares of DEA opened at $13.48 on Tuesday. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 1.02. Easterly Government Properties, Inc. has a 1 year low of $10.62 and a 1 year high of $14.52. The stock has a market cap of $1.39 billion, a P/E ratio of 70.69 and a beta of 0.72. The stock’s 50-day moving average price is $13.57 and its two-hundred day moving average price is $12.90.

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 7.86%. The ex-dividend date of this dividend is Friday, November 15th. Easterly Government Properties’s dividend payout ratio (DPR) is currently 557.92%.

Analyst Ratings Changes

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

About Easterly Government Properties

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.