Principle Wealth Partners LLC Cuts Stock Holdings in Easterly Government Properties, Inc. (NYSE:DEA)

Principle Wealth Partners LLC reduced its position in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 42.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,940 shares of the real estate investment trust’s stock after selling 8,905 shares during the period. Principle Wealth Partners LLC’s holdings in Easterly Government Properties were worth $136,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in Easterly Government Properties in the third quarter valued at about $856,000. Barclays PLC increased 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 valued at $2,244,000 after buying an additional 126,306 shares in the last quarter. Kempner Capital Management Inc. increased its holdings 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 buying an additional 60,840 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Easterly Government Properties by 3.5% in 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 buying an additional 1,637 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in 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 valued at $26,246,000 after buying an additional 79,400 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Darrell W. Crate bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased 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 in the company, valued at $1,870,835.89. The trade was a 6.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on DEA. Truist Financial lowered 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. Jefferies Financial Group lowered 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, StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Monday, January 27th.

Easterly Government Properties Stock Up 0.3 %

Shares of NYSE DEA opened at $10.80 on Wednesday. Easterly Government Properties, Inc. has a 1 year low of $10.56 and a 1 year high of $14.52. The firm’s 50 day moving average price is $11.37 and its 200 day moving average price is $12.65. The firm has a market cap of $1.14 billion, a P/E ratio of 59.97 and a beta of 0.70. 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 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.