Easterly Government Properties (NYSE:DEA) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Easterly Government Properties (NYSE:DEA) from a sell rating to a hold rating in a research report released on Saturday.

Several other research analysts also recently issued reports on DEA. Citigroup reiterated a “neutral” rating and set a $25.00 price target (up from $23.00) on shares of Easterly Government Properties in a report on Friday. BMO Capital Markets reaffirmed a “market perform” rating and issued a $27.00 target price (up from $25.00) on shares of Easterly Government Properties in a report on Monday, August 3rd. Finally, Weiss Ratings raised Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $24.07.

Easterly Government Properties Stock Performance

Easterly Government Properties stock opened at $24.93 on Friday. The company has a quick ratio of 4.01, a current ratio of 3.88 and a debt-to-equity ratio of 1.26. The stock has a market cap of $1.18 billion, a PE ratio of 118.74 and a beta of 0.96. Easterly Government Properties has a 12-month low of $20.56 and a 12-month high of $25.96. The business’s 50-day moving average price is $24.58 and its two-hundred day moving average price is $23.59.

Easterly Government Properties (NYSE:DEA) last posted its earnings results on Monday, August 3rd. The real estate investment trust reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $92.42 million during the quarter, compared to analysts’ expectations of $90.94 million. Easterly Government Properties had a net margin of 2.86% and a return on equity of 0.75%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 earnings per share. Easterly Government Properties has set its FY 2026 guidance at 3.070-3.130 EPS. As a group, analysts expect that Easterly Government Properties will post 3.1 earnings per share for the current fiscal year.

Easterly Government Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Monday, August 10th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Monday, August 10th. Easterly Government Properties’s dividend payout ratio (DPR) is currently 857.14%.

Institutional Investors Weigh In On Easterly Government Properties

Several institutional investors and hedge funds have recently made changes to their positions in DEA. Vanguard Group Inc. lifted its stake in shares of Easterly Government Properties by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 4,831,169 shares of the real estate investment trust’s stock worth $102,372,000 after acquiring an additional 167,092 shares during the period. State Street Corp boosted its holdings in 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 acquiring an additional 13,200 shares during the last quarter. Geode Capital Management LLC increased its position in Easterly Government Properties by 0.8% during the 4th 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 purchasing an additional 9,577 shares during the period. 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. raised its holdings 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 worth $20,399,000 after purchasing an additional 40,451 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

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.