Easterly Government Properties, Inc. (NYSE:DEA) Receives $23.49 Average Price Target from Analysts

Shares of Easterly Government Properties, Inc. (NYSE:DEA) have been given a consensus rating of “Reduce” by the five research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $23.49.

Several analysts have issued reports on the stock. Royal Bank Of Canada upped their price target on shares of Easterly Government Properties from $21.00 to $22.00 and gave the stock an “underperform” rating in a research report on Monday, March 2nd. Weiss Ratings lowered shares of Easterly Government Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Truist Financial dropped their price target on shares of Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating on the stock in a research report on Wednesday, March 11th. Finally, Wall Street Zen lowered shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd.

Easterly Government Properties Stock Performance

DEA opened at $23.02 on Tuesday. Easterly Government Properties has a 52-week low of $20.56 and a 52-week high of $24.94. The firm has a market capitalization of $1.07 billion, a PE ratio of 95.92 and a beta of 0.98. The company has a debt-to-equity ratio of 1.26, a quick ratio of 4.01 and a current ratio of 4.01. The business’s 50-day simple moving average is $22.58 and its 200 day simple moving average is $22.43.

Easterly Government Properties (NYSE:DEA) last released its 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). Easterly Government Properties had a return on equity of 0.82% and a net margin of 3.22%.The company had revenue of $87.04 million for the quarter, compared to the consensus estimate of $87.73 million. During the same quarter in the previous year, the company posted $0.29 EPS. The business’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, sell-side analysts expect that Easterly Government Properties will post 3.1 earnings per share for the current fiscal year.

Easterly Government Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th will be paid a $0.45 dividend. The ex-dividend date is Thursday, May 7th. This represents a $1.80 annualized dividend and a yield of 7.8%. Easterly Government Properties’s dividend payout ratio is currently 750.00%.

Institutional Trading of Easterly Government Properties

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its stake in Easterly Government Properties by 215.6% in the second 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. Parallel Advisors LLC raised its position in shares of 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 purchasing an additional 1,015 shares during the period. Colonial Trust Co SC bought a new position in shares of Easterly Government Properties in the fourth quarter valued at about $34,000. US Bancorp DE raised its position in shares of Easterly Government Properties by 237.9% in the third quarter. US Bancorp DE now owns 1,757 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,237 shares during the period. Finally, Danske Bank A S bought a new position in shares of Easterly Government Properties in the fourth quarter valued at about $44,000. 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.