Easterly Government Properties, Inc. (NYSE:DEA) Stock Has Average Target Price of $25.06

Shares of Easterly Government Properties, Inc. (NYSE:DEA) have been given an average rating of “Hold” by the six ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $25.80.

DEA has been the topic of a number of research analyst reports. Citigroup reissued a “neutral” rating and issued a $25.00 price target (up from $23.00) on shares of Easterly Government Properties in a research note on Friday, August 7th. Truist Financial raised their target price on Easterly Government Properties from $24.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, August 27th. Raymond James Financial restated an “outperform” rating and issued a $27.00 price target on shares of Easterly Government Properties in a research note on Thursday, August 13th. Wall Street Zen upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Easterly Government Properties in a research report on Monday, August 24th.

Hedge Funds Weigh In On Easterly Government Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DEA. TT Capital Management LLC grew its holdings in shares of Easterly Government Properties by 8.7% during the 3rd quarter. TT Capital Management LLC now owns 67,262 shares of the real estate investment trust’s stock valued at $1,560,000 after acquiring an additional 5,400 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Easterly Government Properties by 27.1% during the third quarter. GAMMA Investing LLC now owns 3,663 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 780 shares during the last quarter. Venture Visionary Partners LLC grew its position in Easterly Government Properties by 12.7% in the 3rd quarter. Venture Visionary Partners LLC now owns 104,141 shares of the real estate investment trust’s stock worth $2,416,000 after purchasing an additional 11,725 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Easterly Government Properties during the 2nd quarter worth approximately $243,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Easterly Government Properties during the 2nd quarter worth about $43,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Easterly Government Properties Price Performance

Shares of NYSE DEA opened at $21.99 on Friday. The stock has a fifty day moving average price of $23.79 and a 200 day moving average price of $23.84. Easterly Government Properties has a 1-year low of $20.56 and a 1-year high of $25.96. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.88 and a quick ratio of 3.88. The company has a market cap of $1.04 billion, a PE ratio of 104.70 and a beta of 0.99.

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 for the quarter, meeting analysts’ consensus estimates of $0.06. Easterly Government Properties had a return on equity of 0.75% and a net margin of 2.86%. The company had revenue of $92.42 million for the quarter, compared to analyst estimates of $90.94 million. During the same quarter in the previous year, the company earned $0.74 EPS. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. Easterly Government Properties has set its FY 2026 guidance at 3.070-3.130 EPS. Sell-side analysts forecast that Easterly Government Properties will post 3.09 EPS for the current year.

Easterly Government Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend was Monday, August 10th. Easterly Government Properties’s payout ratio is currently 857.14%.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc is a real estate investment trust (REIT) that owns, acquires, develops and manages properties leased primarily to the U.S. government. The company focuses on facilities considered essential to federal agencies’ operations, including medical office buildings, outpatient clinics, laboratories, administrative offices and other specialized properties.

Many of Easterly’s properties are leased to federal agencies through the U.S. General Services Administration, as well as directly to government agencies.