BNP Paribas Financial Markets Decreases Stock Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

BNP Paribas Financial Markets cut its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 39.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,672 shares of the real estate investment trust’s stock after selling 14,412 shares during the period. BNP Paribas Financial Markets’ holdings in Easterly Government Properties were worth $294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC acquired a new position in Easterly Government Properties during the third quarter worth $3,449,000. Harbor Capital Advisors Inc. boosted its position in shares of Easterly Government Properties by 145.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 224,825 shares of the real estate investment trust’s stock valued at $3,053,000 after acquiring an additional 133,367 shares during the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Easterly Government Properties in the second quarter valued at about $1,571,000. Deprince Race & Zollo Inc. increased its position in Easterly Government Properties by 11.2% during the second quarter. Deprince Race & Zollo Inc. now owns 1,067,155 shares of the real estate investment trust’s stock worth $13,201,000 after purchasing an additional 107,753 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Easterly Government Properties by 9.8% during the second quarter. Bank of New York Mellon Corp now owns 1,144,075 shares of the real estate investment trust’s stock worth $14,152,000 after purchasing an additional 102,521 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analysts Set New Price Targets

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

Easterly Government Properties Price Performance

Easterly Government Properties stock opened at $11.74 on Monday. The company’s 50 day simple moving average is $12.96 and its 200-day simple moving average is $13.03. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.01 and a current ratio of 4.01. Easterly Government Properties, Inc. has a 1 year low of $10.94 and a 1 year high of $14.52. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 65.22 and a beta of 0.69.

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 for the quarter, missing the consensus estimate of $0.29 by ($0.24). The company had revenue of $74.78 million during the quarter, compared to analyst estimates of $74.98 million. Easterly Government Properties had a net margin of 6.25% and a return on equity of 1.34%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. As a group, equities research analysts expect 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 declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders 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 yield of 9.03%. Easterly Government Properties’s dividend payout ratio is presently 588.89%.

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.