Y Intercept Hong Kong Ltd Lowers Holdings in Easterly Government Properties, Inc. $DEA

Y Intercept Hong Kong Ltd lowered its stake in shares of Easterly Government Properties, Inc. (NYSE:DEA) by 75.5% in the third quarter, HoldingsChannel reports. The fund owned 11,415 shares of the real estate investment trust’s stock after selling 35,187 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Easterly Government Properties were worth $262,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. EverSource Wealth Advisors LLC grew its stake in shares of Easterly Government Properties by 215.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 772 shares during the period. Allworth Financial LP grew its position in Easterly Government Properties by 223.9% during the second quarter. Allworth Financial LP now owns 1,778 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 1,229 shares during the period. Versant Capital Management Inc increased its stake in Easterly Government Properties by 208.5% during the third quarter. Versant Capital Management Inc now owns 3,310 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 2,237 shares during the last quarter. NewEdge Advisors LLC increased its stake in Easterly Government Properties by 12,846.9% during the first quarter. NewEdge Advisors LLC now owns 10,487 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 10,406 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Easterly Government Properties by 212.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,131 shares of the real estate investment trust’s stock worth $203,000 after purchasing an additional 6,209 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Easterly Government Properties Stock Up 1.9%

Shares of NYSE DEA opened at $24.21 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.47 and a current ratio of 3.47. Easterly Government Properties, Inc. has a 1 year low of $19.33 and a 1 year high of $29.49. The stock’s 50-day simple moving average is $22.24 and its 200-day simple moving average is $22.25. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 79.39 and a beta of 0.96.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DEA shares. Weiss Ratings upgraded shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Compass Point set a $26.45 target price on shares of Easterly Government Properties and gave the company a “buy” rating in a research note on Wednesday, October 15th. New Street Research set a $20.00 price objective on Easterly Government Properties in a research report on Monday, October 13th. Truist Financial decreased their target price on Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Monday, November 24th. Finally, Wall Street Zen upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Easterly Government Properties currently has an average rating of “Hold” and an average target price of $24.99.

Easterly Government Properties Profile

Easterly Government Properties, Inc is a real estate investment trust that specializes in the acquisition, development and management of commercial properties leased to U.S. government agencies. Structured as a triple-net lease REIT, the company focuses on single-tenant assets with long-term, credit-backed leases that transfer most property-level responsibilities—including taxes, insurance and maintenance—to its government tenants.

The firm’s portfolio encompasses a variety of facility types, including office buildings, training centers, laboratories and mission-critical installations used by federal agencies.