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

Principle Wealth Partners LLC lowered its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 42.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in Easterly Government Properties during the third quarter worth approximately $856,000. Barclays PLC raised its stake in Easterly Government Properties by 324.6% during the third quarter. Barclays PLC now owns 165,212 shares of the real estate investment trust’s stock worth $2,244,000 after purchasing an additional 126,306 shares during the period. Kempner Capital Management Inc. raised its stake in Easterly Government Properties by 23.7% during the fourth quarter. Kempner Capital Management Inc. now owns 317,980 shares of the real estate investment trust’s stock worth $3,612,000 after purchasing an additional 60,840 shares during the period. The Manufacturers Life Insurance Company raised its stake in 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 worth $663,000 after purchasing an additional 1,637 shares during the period. Finally, Victory Capital Management Inc. raised its stake in 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. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Insider Buying and Selling

In other news, CEO Darrell W. Crate purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average price of $10.91 per share, with a total value 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 represents a 6.19 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 8.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DEA. Jefferies Financial Group cut 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 research note on Thursday, January 2nd. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Monday, January 27th. Finally, Truist Financial cut their target price on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, December 6th.

Easterly Government Properties Stock Performance

Shares of DEA stock opened at $10.80 on Wednesday. The company’s fifty day simple moving average is $11.37 and its 200-day simple moving average is $12.65. Easterly Government Properties, Inc. has a 52 week low of $10.56 and a 52 week high of $14.52. 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 company has a market cap of $1.14 billion, a PE ratio of 59.97 and a beta of 0.70.

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.