Easterly Government Properties, Inc. (NYSE:DEA) Stock Has Consensus Target Price of $25.60

Easterly Government Properties, Inc. (NYSE:DEA) has been given an average recommendation of “Reduce” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $25.60.

DEA has been the subject of several research reports. Citigroup cut their target price on Easterly Government Properties from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, October 29th. BMO Capital Markets restated 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. Royal Bank Of Canada reissued an “underperform” rating and issued a $24.00 target price (up from $22.00) on shares of Easterly Government Properties in a report on Monday, August 24th. Weiss Ratings cut shares of Easterly Government Properties from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday, October 28th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $27.00 price target on shares of Easterly Government Properties in a research report on Thursday, August 13th.

Easterly Government Properties Stock Up 1.3%

DEA opened at $22.77 on Tuesday. The company has a market cap of $1.08 billion, a PE ratio of 73.45 and a beta of 1.01. Easterly Government Properties has a 12 month low of $20.56 and a 12 month high of $25.96. The company has a current ratio of 3.50, a quick ratio of 3.50 and a debt-to-equity ratio of 1.24. The company has a 50 day moving average of $23.08 and a 200 day moving average of $23.55.

Easterly Government Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Thursday, November 5th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, November 5th. This represents a $1.80 annualized dividend and a dividend yield of 7.9%. Easterly Government Properties’s dividend payout ratio (DPR) is currently 580.65%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DEA. Integrated Wealth Concepts LLC purchased a new position in shares of Easterly Government Properties during the second quarter worth approximately $43,000. Signaturefd LLC raised its position in shares of Easterly Government Properties by 57.7% in the 3rd quarter. Signaturefd LLC now owns 2,042 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 747 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Easterly Government Properties by 205.0% during the third quarter. Fifth Third Bancorp now owns 2,489 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 1,673 shares during the period. GAMMA Investing LLC grew its stake in Easterly Government Properties by 27.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,663 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 780 shares during the last quarter. Finally, State of Wyoming purchased a new position in Easterly Government Properties during the 3rd quarter worth approximately $131,000. Institutional investors own 86.51% of the company’s stock.

About Easterly Government Properties

Easterly Government Properties is a real estate investment trust (REIT) that owns, acquires and develops properties leased primarily to U.S. government agencies. Its portfolio focuses on facilities that support essential government operations, including offices and specialized-use buildings.

The company generally seeks long-term leases with government tenants and properties designed or adapted for their operational needs. Its tenants include federal agencies and other government organizations.

Founded in 2011, Easterly invests in properties across the United States.