Easterly Government Properties, Inc. (NYSE:DEA) Receives Consensus Recommendation of “Hold” from Analysts

Easterly Government Properties, Inc. (NYSE:DEA) has earned an average rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $25.0643.

A number of research analysts recently issued reports on DEA shares. Citigroup reiterated a “neutral” rating and issued a $25.00 price objective (up from $23.00) on shares of Easterly Government Properties in a report on Friday, August 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Easterly Government Properties in a research report on Monday, August 24th. Wall Street Zen raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Royal Bank Of Canada reiterated an “underperform” rating and set a $24.00 price target (up from $22.00) on shares of Easterly Government Properties in a report on Monday, August 24th. Finally, Truist Financial boosted their price objective on shares of Easterly Government Properties from $24.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, August 27th.

Easterly Government Properties Price Performance

Easterly Government Properties stock opened at $23.89 on Monday. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $1.13 billion, a PE ratio of 113.74 and a beta of 0.98. Easterly Government Properties has a 12 month low of $20.56 and a 12 month high of $25.96. The stock has a 50-day moving average price of $24.75 and a two-hundred day moving average price of $23.74.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $92.42 million for the quarter, compared to analyst estimates of $90.94 million. Easterly Government Properties had a return on equity of 0.75% and a net margin of 2.86%.The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $0.74 earnings per share. Easterly Government Properties has set its FY 2026 guidance at 3.070-3.130 EPS. Analysts expect that Easterly Government Properties will post 3.09 EPS for the current year.

Easterly Government Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, August 10th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.80 annualized dividend and a yield of 7.5%. Easterly Government Properties’s payout ratio is presently 857.14%.

Institutional Investors Weigh In On Easterly Government Properties

A number of institutional investors have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Easterly Government Properties by 0.5% in the fourth quarter. State Street Corp now owns 2,497,275 shares of the real estate investment trust’s stock valued at $52,917,000 after buying an additional 13,200 shares during the period. California State Teachers Retirement System boosted its holdings in Easterly Government Properties by 2,761.2% in the second quarter. California State Teachers Retirement System now owns 1,173,704 shares of the real estate investment trust’s stock valued at $29,260,000 after acquiring an additional 1,132,682 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Easterly Government Properties by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,139,044 shares of the real estate investment trust’s stock valued at $24,141,000 after acquiring an additional 9,577 shares during the last quarter. Millennium Management LLC increased its position in Easterly Government Properties by 1,759.2% during the 1st quarter. Millennium Management LLC now owns 1,000,176 shares of the real estate investment trust’s stock valued at $10,602,000 after purchasing an additional 946,381 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Easterly Government Properties by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 962,687 shares of the real estate investment trust’s stock valued at $20,399,000 after purchasing an additional 40,451 shares during the period. Institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc (NYSE:DEA) is a real estate investment trust focused on acquiring, developing, owning and managing office properties leased primarily to the U.S. government and its agencies. The company targets properties that support essential government functions and typically seeks locations with strong tenant demand, long-term leases and specialized infrastructure.

Its portfolio includes office and other facilities occupied by federal agencies, including healthcare-related and mission-critical government users.