Easterly Government Properties (NYSE:DEA) Stock Price Expected to Rise, Truist Financial Analyst Says

Easterly Government Properties (NYSE:DEA) had its target price increased by investment analysts at Truist Financial from $24.00 to $26.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price objective indicates a potential upside of 5.01% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Raymond James Financial restated an “outperform” rating and set a $27.00 price target on shares of Easterly Government Properties in a research note on Thursday, August 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Easterly Government Properties in a research report on Monday. BMO Capital Markets reaffirmed a “market perform” rating and issued a $27.00 price target (up from $25.00) on shares of Easterly Government Properties in a research report on Monday, August 3rd. Royal Bank Of Canada reiterated an “underperform” rating and set a $24.00 price objective (up from $22.00) on shares of Easterly Government Properties in a research note on Monday. Finally, 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. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Easterly Government Properties has a consensus rating of “Hold” and an average target price of $25.06.

Easterly Government Properties Stock Performance

Shares of NYSE:DEA opened at $24.76 on Thursday. The firm’s 50 day simple moving average is $24.79 and its 200-day simple moving average is $23.71. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.88 and a current ratio of 3.88. Easterly Government Properties has a one year low of $20.56 and a one year high of $25.96. The firm has a market cap of $1.17 billion, a PE ratio of 117.91 and a beta of 0.96.

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

Institutional Investors Weigh In On Easterly Government Properties

Several institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of Easterly Government Properties by 215.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 772 shares in the last quarter. Parallel Advisors LLC grew its stake in Easterly Government Properties by 318.2% during the 3rd quarter. Parallel Advisors LLC now owns 1,334 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 1,015 shares during the last quarter. Colonial Trust Co SC acquired a new position in Easterly Government Properties during the 4th quarter valued at about $34,000. US Bancorp DE increased its position in 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 buying an additional 1,237 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in Easterly Government Properties in the fourth quarter worth about $44,000. 86.51% of the stock is currently owned by institutional investors and hedge funds.

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.