National Bank of Canada FI Increases Stock Position in Easterly Government Properties, Inc. (NYSE:DEA)

National Bank of Canada FI increased its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 430.2% in the 3rd quarter, Holdings Channel reports. The firm owned 49,905 shares of the real estate investment trust’s stock after buying an additional 40,492 shares during the period. National Bank of Canada FI’s holdings in Easterly Government Properties were worth $678,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Easterly Government Properties by 35.6% during the 3rd 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 during the last quarter. GAMMA Investing LLC increased its position in Easterly Government Properties by 29.1% during the third quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 875 shares during the last quarter. KBC Group NV lifted its holdings in Easterly Government Properties by 62.4% in the third quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 2,014 shares during the period. Signaturefd LLC boosted 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 last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Easterly Government Properties during the 2nd quarter valued at about $128,000. Institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Trading Up 0.3 %

Easterly Government Properties stock 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 capitalization of $1.24 billion, a price-to-earnings ratio of 65.22 and a beta of 0.69. The firm has a 50 day moving average of $12.96 and a 200 day moving average of $13.02. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data 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 return on equity of 1.34% and a net margin of 6.25%. The firm had revenue of $74.78 million during the quarter, compared to analysts’ expectations of $74.98 million. During the same period last year, the company earned $0.29 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, research analysts predict that Easterly Government Properties, Inc. will post 1.16 earnings per share for the current year.

Easterly Government Properties Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DEA. Jefferies Financial Group upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and increased their price objective for the stock from $13.00 to $15.00 in a research note on Monday, October 14th. StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Truist Financial reduced their price objective on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, December 6th.

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.