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

Easterly Government Properties, Inc. (NYSE:DEA) has received a consensus rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $25.06.

DEA has been the topic of a number of recent research reports. Raymond James Financial restated an “outperform” rating and set a $27.00 price objective on shares of Easterly Government Properties in a research note on Thursday, August 13th. Citigroup reaffirmed a “neutral” rating and issued a $25.00 price objective (up from $23.00) on shares of Easterly Government Properties in a research report on Friday, August 7th. Truist Financial boosted their target price on shares of Easterly Government Properties from $24.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday, August 27th. Weiss Ratings restated a “hold (c-)” rating on shares of Easterly Government Properties in a research note on Monday, August 24th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $27.00 price target (up from $25.00) on shares of Easterly Government Properties in a research note on Monday, August 3rd.

Easterly Government Properties Price Performance

Easterly Government Properties stock opened at $23.24 on Friday. The firm has a fifty day moving average of $24.04 and a 200-day moving average of $23.81. Easterly Government Properties has a 52-week low of $20.56 and a 52-week high of $25.96. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $1.10 billion, a P/E ratio of 110.67 and a beta of 0.99.

Easterly Government Properties (NYSE:DEA) last posted its earnings results on Monday, August 3rd. The real estate investment trust reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. Easterly Government Properties had a net margin of 2.86% and a return on equity of 0.75%. The business 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 business posted $0.74 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Easterly Government Properties has set its FY 2026 guidance at 3.070-3.130 EPS. As a group, analysts predict that Easterly Government Properties 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 given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend was Monday, August 10th. Easterly Government Properties’s dividend payout ratio is presently 857.14%.

Institutional Trading of Easterly Government Properties

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Easterly Government Properties by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 601,221 shares of the real estate investment trust’s stock worth $12,885,000 after buying an additional 4,832 shares during the last quarter. Pacer Advisors Inc. bought a new position in Easterly Government Properties during the 4th quarter valued at $8,409,000. Bank of New York Mellon Corp acquired a new position in Easterly Government Properties during the 2nd quarter worth $7,237,000. Kestra Advisory Services LLC grew its holdings in Easterly Government Properties by 6.4% during the 1st quarter. Kestra Advisory Services LLC now owns 247,106 shares of the real estate investment trust’s stock worth $5,295,000 after acquiring an additional 14,756 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Easterly Government Properties by 25.0% in the 1st quarter. First Trust Advisors LP now owns 172,030 shares of the real estate investment trust’s stock worth $3,687,000 after purchasing an additional 34,430 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

About Easterly Government Properties

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.