Easterly Government Properties, Inc. (NYSE:DEA) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its position in Easterly Government Properties, Inc. (NYSE:DEA) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,126 shares of the real estate investment trust’s stock after selling 2,918 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.10% of Easterly Government Properties worth $1,194,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Consolidated Portfolio Review Corp increased its position in shares of Easterly Government Properties by 3.9% in the 4th quarter. Consolidated Portfolio Review Corp now owns 100,200 shares of the real estate investment trust’s stock worth $1,138,000 after purchasing an additional 3,728 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Easterly Government Properties by 1.6% in the 4th quarter. State of Alaska Department of Revenue now owns 102,928 shares of the real estate investment trust’s stock worth $1,168,000 after purchasing an additional 1,658 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in shares of Easterly Government Properties by 14.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 31,917 shares of the real estate investment trust’s stock worth $363,000 after purchasing an additional 3,970 shares during the last quarter. abrdn plc increased its position in shares of Easterly Government Properties by 30.6% in the 4th quarter. abrdn plc now owns 24,879 shares of the real estate investment trust’s stock worth $277,000 after purchasing an additional 5,832 shares during the last quarter. Finally, Sonora Investment Management Group LLC increased its position in shares of Easterly Government Properties by 5.0% in the 4th quarter. Sonora Investment Management Group LLC now owns 42,250 shares of the real estate investment trust’s stock worth $480,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Darrell W. Crate bought 10,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of $10.91 per share, for a total transaction of $109,100.00. Following the transaction, the chief executive officer now owns 171,479 shares in the company, valued at approximately $1,870,835.89. This trade represents a 6.19 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 8.10% of the stock is owned by insiders.

Easterly Government Properties Price Performance

Shares of NYSE:DEA opened at $10.63 on Friday. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.07. Easterly Government Properties, Inc. has a fifty-two week low of $10.56 and a fifty-two week high of $14.52. The firm has a 50-day simple moving average of $11.30 and a 200 day simple moving average of $12.60. The company has a market cap of $1.12 billion, a PE ratio of 59.03 and a beta of 0.70.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group dropped their target price on shares of Easterly Government Properties from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Truist Financial lowered their price objective on shares of Easterly Government Properties from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, December 6th.

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.