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

Essex Financial Services Inc. reduced its position in Easterly Government Properties, Inc. (NYSE:DEA) by 16.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 54,844 shares of the real estate investment trust’s stock after selling 10,780 shares during the quarter. Essex Financial Services Inc.’s holdings in Easterly Government Properties were worth $623,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Easterly Government Properties by 35.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,798 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 997 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Easterly Government Properties by 29.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 875 shares during the last quarter. KBC Group NV lifted its position in Easterly Government Properties by 62.4% in the 3rd quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 2,014 shares in the last quarter. Quantinno Capital Management LP acquired a new position in Easterly Government Properties during the 3rd quarter valued at about $142,000. Finally, Glenmede Trust Co. NA increased its holdings in Easterly Government Properties by 29.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 15,858 shares of the real estate investment trust’s stock worth $215,000 after purchasing an additional 3,592 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Insider Buying and Selling

In other Easterly Government Properties news, CEO Darrell W. Crate bought 10,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were bought at an average cost of $10.91 per share, for a total transaction of $109,100.00. Following the purchase, the chief executive officer now directly owns 171,479 shares of the company’s stock, valued at approximately $1,870,835.89. This trade represents a 6.19 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.10% of the stock is currently owned by corporate insiders.

Easterly Government Properties Price Performance

Shares of NYSE DEA opened at $10.63 on Thursday. The company has a market capitalization of $1.12 billion, a PE ratio of 59.06 and a beta of 0.70. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. The stock’s 50 day moving average price is $11.34 and its 200-day moving average price is $12.63. Easterly Government Properties, Inc. has a twelve month low of $10.56 and a twelve month high of $14.52.

Analyst Ratings Changes

DEA has been the topic of a number of recent research reports. Truist Financial dropped their target price on Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, December 6th. Jefferies Financial Group dropped 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. Finally, StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Monday, January 27th.

About Easterly Government Properties

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.