Easterly Government Properties, Inc. (NYSE:DEA) Stake Lessened by Carnegie Lake Advisors LLC

Carnegie Lake Advisors LLC trimmed its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,661 shares of the real estate investment trust’s stock after selling 1,136 shares during the quarter. Carnegie Lake Advisors LLC’s holdings in Easterly Government Properties were worth $246,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in shares of Easterly Government Properties during the third quarter worth about $856,000. Barclays PLC lifted its holdings in Easterly Government Properties by 324.6% during the 3rd quarter. Barclays PLC now owns 165,212 shares of the real estate investment trust’s stock worth $2,244,000 after buying an additional 126,306 shares during the last quarter. Kempner Capital Management Inc. grew its position in shares of Easterly Government Properties by 23.7% in the 4th quarter. Kempner Capital Management Inc. now owns 317,980 shares of the real estate investment trust’s stock worth $3,612,000 after acquiring an additional 60,840 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Easterly Government Properties by 3.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 48,846 shares of the real estate investment trust’s stock worth $663,000 after acquiring an additional 1,637 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Easterly Government Properties by 4.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,932,660 shares of the real estate investment trust’s stock valued at $26,246,000 after acquiring an additional 79,400 shares during the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Easterly Government Properties Trading Down 0.7 %

Shares of NYSE DEA opened at $10.77 on Tuesday. Easterly Government Properties, Inc. has a 12-month low of $10.56 and a 12-month high of $14.52. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 59.81 and a beta of 0.70. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.07. The stock’s 50 day simple moving average is $11.39 and its 200 day simple moving average is $12.67.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DEA. Jefferies Financial Group reduced their price objective on Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Truist Financial reduced their price target on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. Finally, StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Monday, January 27th.

Insiders Place Their Bets

In other news, CEO Darrell W. Crate purchased 10,000 shares of the stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of $10.91 per share, for a total transaction of $109,100.00. Following the completion of the transaction, the chief executive officer now owns 171,479 shares of the company’s stock, valued at approximately $1,870,835.89. The trade was a 6.19 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.10% of the stock is owned by corporate insiders.

Easterly Government Properties Company 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.