Easterly Government Properties (NYSE:DEA) Shares Cross Below Fifty Day Moving Average – Here’s Why

Easterly Government Properties, Inc. (NYSE:DEA) shares crossed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $24.35 and traded as low as $22.58. Easterly Government Properties shares last traded at $22.7670, with a volume of 360,682 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DEA. Royal Bank Of Canada restated an “underperform” rating and issued a $24.00 target price (up from $22.00) on shares of Easterly Government Properties in a research report on Monday, August 24th. Raymond James Financial restated an “outperform” rating and set a $27.00 price objective on shares of Easterly Government Properties in a research report on Thursday, August 13th. Truist Financial upped their target price on Easterly Government Properties from $24.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, August 27th. Wall Street Zen raised Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Citigroup reissued 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, August 7th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Easterly Government Properties currently has an average rating of “Hold” and a consensus target price of $25.06.

Easterly Government Properties Stock Performance

The company has a market cap of $1.10 billion, a price-to-earnings ratio of 110.51 and a beta of 0.98. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.88 and a current ratio of 3.88. The company has a fifty day moving average of $24.31 and a two-hundred day moving average of $23.76.

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, meeting the consensus estimate of $0.06. The firm had revenue of $92.42 million during the quarter, compared to the consensus estimate of $90.94 million. Easterly Government Properties had a return on equity of 0.75% and a net margin of 2.86%.The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $0.74 earnings per share. Easterly Government Properties has set its FY 2026 guidance at 3.070-3.130 EPS. Equities research analysts anticipate that Easterly Government Properties, Inc. will post 3.09 EPS for the current year.

Easterly Government Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, August 10th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Monday, August 10th. Easterly Government Properties’s payout ratio is presently 857.14%.

Hedge Funds Weigh In On Easterly Government Properties

Hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new stake in Easterly Government Properties during the second quarter worth approximately $43,000. IFM Investors Pty Ltd bought a new stake in shares of Easterly Government Properties in the 1st quarter worth $148,000. Parvin Asset Management LLC lifted its position in shares of Easterly Government Properties by 117.8% during the 1st quarter. Parvin Asset Management LLC now owns 7,950 shares of the real estate investment trust’s stock worth $170,000 after buying an additional 4,300 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Easterly Government Properties during the second quarter worth $243,000. Finally, Sage Investment Counsel LLC purchased a new stake in shares of Easterly Government Properties during the 1st quarter valued at $214,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc (NYSE:DEA) is a real estate investment trust focused on acquiring, developing, owning and managing office properties leased primarily to the U.S. government and its agencies. The company targets properties that support essential government functions and typically seeks locations with strong tenant demand, long-term leases and specialized infrastructure.

Its portfolio includes office and other facilities occupied by federal agencies, including healthcare-related and mission-critical government users.