Mirae Asset Global Investments Co. Ltd. Reduces Stake in Easterly Government Properties, Inc. (NYSE:DEA)

Mirae Asset Global Investments Co. Ltd. lowered its position in Easterly Government Properties, Inc. (NYSE:DEA) by 28.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,732 shares of the real estate investment trust’s stock after selling 1,066 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Easterly Government Properties were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. KBC Group NV boosted its position in Easterly Government Properties by 62.4% in the third quarter. KBC Group NV now owns 5,242 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 2,014 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in Easterly Government Properties in the third quarter valued at approximately $142,000. Glenmede Trust Co. NA boosted its position in Easterly Government Properties by 29.3% in the third quarter. Glenmede Trust Co. NA now owns 15,858 shares of the real estate investment trust’s stock valued at $215,000 after buying an additional 3,592 shares during the last quarter. abrdn plc boosted its position in Easterly Government Properties by 10.6% in the third quarter. abrdn plc now owns 19,047 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 1,818 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in Easterly Government Properties by 9.8% in the third quarter. Van ECK Associates Corp now owns 19,066 shares of the real estate investment trust’s stock valued at $265,000 after buying an additional 1,696 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Insider Activity

In other Easterly Government Properties news, CEO Darrell W. Crate bought 10,000 shares of the firm’s stock in a transaction dated 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 transaction, 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 is available through the SEC website. Insiders own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

DEA has been the topic of several recent research reports. Truist Financial lowered their price objective on 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 objective on 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 Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Monday, January 27th.

Easterly Government Properties Trading Down 0.8 %

Easterly Government Properties stock opened at $10.63 on Friday. Easterly Government Properties, Inc. has a 12 month low of $10.56 and a 12 month high of $14.52. The firm has a market cap of $1.12 billion, a PE ratio of 59.03 and a beta of 0.70. 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 stock’s 50 day simple moving average is $11.30 and its two-hundred day simple moving average is $12.59.

Easterly Government Properties 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.