Easterly Government Properties (NYSE:DEA) Given New $22.00 Price Target at Royal Bank Of Canada

Easterly Government Properties (NYSE:DEA) had its price target upped by equities researchers at Royal Bank Of Canada from $21.00 to $22.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “underperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price target points to a potential downside of 5.90% from the stock’s previous close.

DEA has been the subject of several other research reports. Weiss Ratings lowered Easterly Government Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Wall Street Zen raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Truist Financial lowered their price target on shares of Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Monday, November 24th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Easterly Government Properties has a consensus rating of “Hold” and an average price target of $24.99.

Easterly Government Properties Price Performance

NYSE:DEA traded up $0.10 during midday trading on Monday, hitting $23.38. The company had a trading volume of 180,407 shares, compared to its average volume of 455,459. The stock’s fifty day moving average price is $22.86 and its 200-day moving average price is $22.41. Easterly Government Properties has a 52-week low of $19.33 and a 52-week high of $28.74. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $1.08 billion, a PE ratio of 83.56 and a beta of 0.96.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DEA. EverSource Wealth Advisors LLC grew its position in shares of Easterly Government Properties by 215.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 772 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Easterly Government Properties by 318.2% in the third quarter. Parallel Advisors LLC now owns 1,334 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 1,015 shares in the last quarter. Colonial Trust Co SC purchased a new position in Easterly Government Properties during the 4th quarter valued at $34,000. Allworth Financial LP raised its holdings in Easterly Government Properties by 223.9% in the 2nd quarter. Allworth Financial LP now owns 1,778 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 1,229 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Easterly Government Properties by 237.9% in the 3rd quarter. US Bancorp DE now owns 1,757 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,237 shares during the period. Institutional investors own 86.51% of the company’s stock.

About Easterly Government Properties

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.