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

Shares of Easterly Government Properties, Inc. (NYSE:DEA) have received an average rating of “Hold” from the five research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $23.49.

Several equities research analysts have recently weighed in on the company. Weiss Ratings raised Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Wall Street Zen lowered Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Truist Financial decreased their price target on Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Wednesday, March 11th.

Institutional Investors Weigh In On Easterly Government Properties

Several hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. boosted its position in shares of Easterly Government Properties by 1.2% in the fourth quarter. Franklin Resources Inc. now owns 39,660 shares of the real estate investment trust’s stock worth $840,000 after buying an additional 471 shares during the period. EverSource Wealth Advisors LLC increased its stake in 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 valued at $25,000 after buying an additional 772 shares during the period. Federation des caisses Desjardins du Quebec lifted its position in Easterly Government Properties by 32.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 3,391 shares of the real estate investment trust’s stock worth $72,000 after buying an additional 822 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Easterly Government Properties by 5.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 16,427 shares of the real estate investment trust’s stock worth $348,000 after buying an additional 822 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Easterly Government Properties by 0.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 104,660 shares of the real estate investment trust’s stock valued at $2,400,000 after buying an additional 836 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Stock Down 0.4%

NYSE DEA opened at $24.99 on Wednesday. Easterly Government Properties has a 12 month low of $20.56 and a 12 month high of $25.67. The company has a market capitalization of $1.16 billion, a P/E ratio of 104.12 and a beta of 0.97. The company’s 50 day simple moving average is $23.86 and its 200 day simple moving average is $23.08. The company has a debt-to-equity ratio of 1.26, a current ratio of 4.01 and a quick ratio of 4.01.

Easterly Government Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend was Thursday, May 7th. Easterly Government Properties’s dividend payout ratio (DPR) is 750.00%.

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.