State of Alaska Department of Revenue Acquires 1,658 Shares of Easterly Government Properties, Inc. (NYSE:DEA)

State of Alaska Department of Revenue increased its holdings in Easterly Government Properties, Inc. (NYSE:DEA) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 102,928 shares of the real estate investment trust’s stock after purchasing an additional 1,658 shares during the period. State of Alaska Department of Revenue’s holdings in Easterly Government Properties were worth $1,168,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC grew its stake in shares of Easterly Government Properties by 29.1% in the third quarter. GAMMA Investing LLC now owns 3,881 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 875 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew 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 worth $51,000 after purchasing an additional 997 shares during the last quarter. Xcel Wealth Management LLC grew its stake in shares of Easterly Government Properties by 0.3% in the third quarter. Xcel Wealth Management LLC now owns 393,223 shares of the real estate investment trust’s stock worth $5,340,000 after purchasing an additional 1,091 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Easterly Government Properties by 3.5% in 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 last quarter. Finally, Van ECK Associates Corp grew its stake in shares of 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 worth $265,000 after purchasing an additional 1,696 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Insider Activity

In related news, CEO Darrell W. Crate acquired 10,000 shares of the company’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 completion of the acquisition, the chief executive officer now 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Monday, January 27th. Truist Financial dropped 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 report on Friday, December 6th. Finally, Jefferies Financial Group dropped 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 report on Thursday, January 2nd.

Easterly Government Properties Price Performance

DEA stock opened at $10.63 on Thursday. The firm has a market cap of $1.12 billion, a price-to-earnings 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. Easterly Government Properties, Inc. has a 12-month low of $10.56 and a 12-month high of $14.52. The company’s fifty day simple moving average is $11.34 and its 200 day simple moving average is $12.63.

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.