Harbor Capital Advisors Inc. Acquires 133,367 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

Harbor Capital Advisors Inc. increased its stake in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 145.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 224,825 shares of the real estate investment trust's stock after acquiring an additional 133,367 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.22% of Easterly Government Properties worth $3,053,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new stake in Easterly Government Properties during the 1st quarter worth about $89,000. BNP Paribas Financial Markets increased its holdings in Easterly Government Properties by 36.6% in the first quarter. BNP Paribas Financial Markets now owns 48,581 shares of the real estate investment trust's stock worth $559,000 after purchasing an additional 13,011 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Easterly Government Properties by 8.3% in the first quarter. Janney Montgomery Scott LLC now owns 259,172 shares of the real estate investment trust's stock worth $2,983,000 after purchasing an additional 19,827 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Easterly Government Properties by 9.2% in the first quarter. Daiwa Securities Group Inc. now owns 31,031 shares of the real estate investment trust's stock valued at $357,000 after buying an additional 2,610 shares during the period. Finally, Easterly Investment Partners LLC boosted its holdings in shares of Easterly Government Properties by 716.1% during the 1st quarter. Easterly Investment Partners LLC now owns 84,422 shares of the real estate investment trust's stock worth $972,000 after buying an additional 74,077 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on DEA. Truist Financial boosted their target price on shares of Easterly Government Properties from $13.00 to $14.00 and gave the company a "hold" rating in a research report on Thursday, August 29th. StockNews.com raised shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a research report on Thursday, October 10th. Finally, Jefferies Financial Group raised Easterly Government Properties from a "hold" rating to a "buy" rating and boosted their target price for the company from $13.00 to $15.00 in a research report on Monday, October 14th.

Easterly Government Properties Stock Down 0.7 %

NYSE DEA traded down $0.10 during mid-day trading on Tuesday, hitting $13.38. The company's stock had a trading volume of 1,360,391 shares, compared to its average volume of 871,441. 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 twelve month low of $10.62 and a twelve month high of $14.52. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 70.79 and a beta of 0.72. The company's 50 day simple moving average is $13.57 and its 200 day simple moving average is $12.92.

Easterly Government Properties Announces Dividend

The business also recently disclosed 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 7.92%. The ex-dividend date of this dividend is Friday, November 15th. Easterly Government Properties's dividend payout ratio is currently 557.92%.

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.