Analysts Set Easterly Government Properties, Inc. (NYSE:DEA) Price Target at $23.49

Easterly Government Properties, Inc. (NYSE:DEA) has been given an average rating of “Hold” by the five ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $23.49.

A number of research firms have weighed in on DEA. Truist Financial reduced their target price on Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a report on Wednesday, March 11th. Weiss Ratings upgraded shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, March 6th. Royal Bank Of Canada boosted their price objective on shares of Easterly Government Properties from $21.00 to $22.00 and gave the company an “underperform” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Saturday, January 10th.

Institutional Investors Weigh In On Easterly Government Properties

Institutional investors and hedge funds have recently made changes to their positions in the business. AlphaQuest LLC raised its holdings in shares of Easterly Government Properties by 168.4% in the 3rd quarter. AlphaQuest LLC now owns 76,774 shares of the real estate investment trust’s stock valued at $1,760,000 after acquiring an additional 48,173 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Easterly Government Properties by 249.2% during the second quarter. Thrivent Financial for Lutherans now owns 254,659 shares of the real estate investment trust’s stock worth $5,653,000 after purchasing an additional 181,732 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Easterly Government Properties by 124.7% during the second quarter. Russell Investments Group Ltd. now owns 185,615 shares of the real estate investment trust’s stock worth $4,121,000 after purchasing an additional 103,008 shares in the last quarter. TT Capital Management LLC increased its position in shares of Easterly Government Properties by 260.7% in the third quarter. TT Capital Management LLC now owns 58,080 shares of the real estate investment trust’s stock worth $1,332,000 after purchasing an additional 41,980 shares during the last quarter. Finally, Kennedy Capital Management LLC bought a new position in shares of Easterly Government Properties in the second quarter worth approximately $5,124,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Trading Down 2.1%

Shares of DEA stock opened at $21.41 on Monday. The company’s fifty day simple moving average is $23.06 and its two-hundred day simple moving average is $22.37. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.87 and a quick ratio of 3.87. Easterly Government Properties has a 1 year low of $19.33 and a 1 year high of $26.72. The stock has a market capitalization of $992.40 million, a price-to-earnings ratio of 76.47 and a beta of 0.96.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings results on Monday, February 23rd. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.67). Easterly Government Properties had a return on equity of 0.94% and a net margin of 3.87%.The company had revenue of $87.04 million during the quarter, compared to the consensus estimate of $87.73 million. During the same period in the previous year, the business earned $0.29 earnings per share. Easterly Government Properties’s revenue was up 11.1% on a year-over-year basis. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS. As a group, analysts anticipate that Easterly Government Properties will post 1.17 earnings per share for the current year.

Easterly Government Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date was Thursday, March 5th. Easterly Government Properties’s payout ratio is 642.86%.

Easterly Government Properties Company 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.