Easterly Government Properties (NYSE:DEA) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Easterly Government Properties (NYSE:DEA) from a hold rating to a sell rating in a report issued on Saturday.

A number of other equities analysts have also weighed in on DEA. Weiss Ratings raised shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, March 6th. Royal Bank Of Canada upped 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 note on Monday, March 2nd. Finally, Truist Financial reduced their target price 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. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $23.49.

Easterly Government Properties Price Performance

Shares of DEA stock opened at $23.59 on Friday. Easterly Government Properties has a 12-month low of $19.82 and a 12-month high of $24.94. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 98.29 and a beta of 0.98. The company has a quick ratio of 3.87, a current ratio of 4.01 and a debt-to-equity ratio of 1.26. The firm has a fifty day moving average of $22.65 and a 200-day moving average of $22.37.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings results on Monday, February 23rd. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.67). Easterly Government Properties had a net margin of 3.22% and a return on equity of 0.82%. The firm had revenue of $87.04 million during the quarter, compared to analyst estimates of $87.73 million. During the same period last year, the firm earned $0.29 EPS. Easterly Government Properties’s quarterly revenue was up 11.1% on a year-over-year basis. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS. On average, equities research analysts forecast that Easterly Government Properties will post 3.1 earnings per share for the current year.

Easterly Government Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Thursday, May 7th. Easterly Government Properties’s dividend payout ratio is presently 750.00%.

Institutional Investors Weigh In On Easterly Government Properties

A number of institutional investors and hedge funds have recently modified their holdings of DEA. EverSource Wealth Advisors LLC raised its holdings 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 acquiring an additional 772 shares during the period. Parallel Advisors LLC raised 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 acquiring an additional 1,015 shares during the period. Colonial Trust Co SC bought a new position in Easterly Government Properties in the 4th quarter valued at about $34,000. US Bancorp DE raised its holdings in Easterly Government Properties by 237.9% in 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 during the period. Finally, Danske Bank A S bought a new position in Easterly Government Properties in the 4th quarter valued at about $44,000. 86.51% of the stock is owned by institutional investors.

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.