Sargent Investment Group LLC cut its holdings in Easterly Government Properties, Inc. (NYSE:DEA - Free Report) by 68.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,065 shares of the real estate investment trust's stock after selling 46,650 shares during the period. Sargent Investment Group LLC's holdings in Easterly Government Properties were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new position in shares of Easterly Government Properties during the third quarter valued at about $856,000. Barclays PLC boosted its holdings in Easterly Government Properties by 324.6% in the third quarter. Barclays PLC now owns 165,212 shares of the real estate investment trust's stock worth $2,244,000 after acquiring an additional 126,306 shares in the last quarter. Kempner Capital Management Inc. grew its stake in Easterly Government Properties by 23.7% in the fourth quarter. Kempner Capital Management Inc. now owns 317,980 shares of the real estate investment trust's stock valued at $3,612,000 after acquiring an additional 60,840 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Easterly Government Properties by 3.5% during the third quarter. The Manufacturers Life Insurance Company now owns 48,846 shares of the real estate investment trust's stock valued at $663,000 after acquiring an additional 1,637 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Easterly Government Properties by 4.3% during 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 purchasing an additional 79,400 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.
Easterly Government Properties Stock Down 0.8 %
Shares of NYSE DEA traded down $0.09 during trading on Friday, hitting $10.83. The stock had a trading volume of 1,174,658 shares, compared to its average volume of 1,060,118. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.01 and a quick ratio of 4.01. The firm has a fifty day moving average of $11.42 and a two-hundred day moving average of $12.70. Easterly Government Properties, Inc. has a 12 month low of $10.69 and a 12 month high of $14.52. The company has a market capitalization of $1.14 billion, a PE ratio of 60.18 and a beta of 0.70.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. StockNews.com upgraded shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a research note on Monday, January 27th. Jefferies Financial Group dropped their price target on shares of Easterly Government Properties from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Finally, Truist Financial decreased their price objective 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.
Read Our Latest Stock Report on DEA
Insiders Place Their Bets
In related news, CEO Darrell W. Crate purchased 10,000 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average cost of $10.91 per share, with a total value of $109,100.00. Following the acquisition, the chief executive officer now owns 171,479 shares of the company's stock, valued at $1,870,835.89. This represents a 6.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 8.10% of the company's stock.
Easterly Government Properties Profile
(
Free Report)
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.
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