Easterly Government Properties, Inc. (NYSE:DEA) Stock Position Cut by Everence Capital Management Inc.

Everence Capital Management Inc. lessened its stake in Easterly Government Properties, Inc. (NYSE:DEA) by 46.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,050 shares of the real estate investment trust’s stock after selling 9,660 shares during the quarter. Everence Capital Management Inc.’s holdings in Easterly Government Properties were worth $150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Easterly Government Properties by 5.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,516,641 shares of the real estate investment trust’s stock valued at $17,457,000 after purchasing an additional 71,939 shares in the last quarter. Easterly Investment Partners LLC boosted its position in shares of Easterly Government Properties by 716.1% during the 1st quarter. Easterly Investment Partners LLC now owns 84,422 shares of the real estate investment trust’s stock valued at $972,000 after purchasing an additional 74,077 shares in the last quarter. UniSuper Management Pty Ltd boosted its position in shares of Easterly Government Properties by 187.5% during the 1st quarter. UniSuper Management Pty Ltd now owns 78,486 shares of the real estate investment trust’s stock valued at $903,000 after purchasing an additional 51,186 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Easterly Government Properties by 273.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 91,458 shares of the real estate investment trust’s stock valued at $1,131,000 after purchasing an additional 66,965 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Easterly Government Properties by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 11,009,182 shares of the real estate investment trust’s stock valued at $126,716,000 after purchasing an additional 175,750 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

DEA has been the subject of several research reports. StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Jefferies Financial Group upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and raised their target price for the stock from $13.00 to $15.00 in a report on Monday, October 14th. Finally, Truist Financial raised their target price on shares of Easterly Government Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Thursday, August 29th.

Easterly Government Properties Stock Performance

Shares of DEA opened at $13.90 on Wednesday. Easterly Government Properties, Inc. has a one year low of $10.27 and a one year high of $14.52. The company has a 50-day moving average of $13.51 and a two-hundred day moving average of $12.75. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 69.45 and a beta of 0.72. The company has a debt-to-equity ratio of 1.02, a current ratio of 3.57 and a quick ratio of 3.57.

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.