Easterly Government Properties (NYSE:DEA) Reaches New 1-Year High – Time to Buy?

Easterly Government Properties, Inc. (NYSE:DEA)’s share price hit a new 52-week high on Monday . The company traded as high as $24.96 and last traded at $24.90, with a volume of 77280 shares. The stock had previously closed at $24.90.

Analysts Set New Price Targets

DEA has been the subject of several analyst reports. Wall Street Zen lowered Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings upgraded Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Truist Financial dropped their price objective 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 Wednesday, March 11th. Finally, Royal Bank Of Canada raised their target price 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. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $23.49.

Easterly Government Properties Stock Up 0.0%

The stock has a fifty day moving average of $23.59 and a two-hundred day moving average of $22.92. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.26. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 103.73 and a beta of 0.98.

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 issued a dividend of $0.45 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.2%. Easterly Government Properties’s payout ratio is presently 750.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its position in shares of 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 worth $25,000 after acquiring an additional 772 shares in the last quarter. Parallel Advisors LLC increased its holdings in Easterly Government Properties by 318.2% in the 3rd 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 in the last quarter. Colonial Trust Co SC purchased a new position in Easterly Government Properties in the 4th quarter worth approximately $34,000. US Bancorp DE raised its position in shares of Easterly Government Properties by 237.9% during the 3rd quarter. US Bancorp DE now owns 1,757 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 1,237 shares in the last quarter. Finally, Danske Bank A S purchased a new position in Easterly Government Properties during the 4th quarter worth approximately $44,000. 86.51% of the stock is owned by institutional investors and hedge funds.

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.