Essex Financial Services Inc. Sells 10,780 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

Essex Financial Services Inc. lessened its holdings in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 16.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,844 shares of the real estate investment trust’s stock after selling 10,780 shares during the period. Essex Financial Services Inc. owned 0.05% of Easterly Government Properties worth $623,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. State Street Corp lifted its holdings in Easterly Government Properties by 1.2% during the 3rd quarter. State Street Corp now owns 5,839,318 shares of the real estate investment trust’s stock worth $79,298,000 after buying an additional 66,663 shares during the period. Geode Capital Management LLC raised its position in shares of Easterly Government Properties by 0.4% during the third quarter. Geode Capital Management LLC now owns 2,552,691 shares of the real estate investment trust’s stock worth $34,671,000 after acquiring an additional 9,248 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Easterly Government Properties by 4.3% in the third quarter. Victory Capital Management Inc. now owns 1,932,660 shares of the real estate investment trust’s stock worth $26,246,000 after acquiring an additional 79,400 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Easterly Government Properties by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,909,257 shares of the real estate investment trust’s stock valued at $25,928,000 after acquiring an additional 15,868 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Easterly Government Properties by 478.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 672,306 shares of the real estate investment trust’s stock valued at $9,130,000 after purchasing an additional 556,148 shares during the period. Institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Price Performance

Easterly Government Properties stock opened at $10.63 on Thursday. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 59.06 and a beta of 0.70. Easterly Government Properties, Inc. has a 52-week low of $10.56 and a 52-week high of $14.52. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.01 and a current ratio of 4.01. The stock’s 50 day moving average price is $11.34 and its two-hundred day moving average price is $12.63.

Analyst Ratings Changes

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

Insider Activity at Easterly Government Properties

In related news, CEO Darrell W. Crate purchased 10,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of $10.91 per share, with a total value of $109,100.00. Following the completion of the purchase, the chief executive officer now owns 171,479 shares in the company, valued at approximately $1,870,835.89. This trade represents a 6.19 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.