Easterly Government Properties (NYSE:DEA) Price Target Cut to $24.00 by Analysts at Truist Financial

Easterly Government Properties (NYSE:DEA) had its price objective reduced by Truist Financial from $25.00 to $24.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

Other research analysts have also recently issued research reports about the stock. Compass Point set a $26.45 target price on shares of Easterly Government Properties and gave the company a “buy” rating in a research note on Wednesday, October 15th. New Street Research set a $20.00 price target on Easterly Government Properties in a report on Monday, October 13th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Easterly Government Properties in a research note on Wednesday, November 19th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $24.99.

Easterly Government Properties Stock Up 2.1%

Shares of DEA opened at $21.74 on Monday. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average price of $22.01 and a two-hundred day moving average price of $22.26. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 71.28 and a beta of 0.94. Easterly Government Properties has a 12 month low of $19.33 and a 12 month high of $31.77.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Easterly Government Properties had a return on equity of 1.00% and a net margin of 4.24%.The business had revenue of $86.15 million for the quarter, compared to analyst estimates of $84.82 million. During the same quarter in the previous year, the firm earned $0.30 EPS. Easterly Government Properties’s quarterly revenue was up 15.2% on a year-over-year basis. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS. FY 2025 guidance at 2.980-3.020 EPS. Equities analysts predict that Easterly Government Properties will post 1.17 EPS for the current fiscal year.

Easterly Government Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Friday, November 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend was Friday, November 7th. Easterly Government Properties’s payout ratio is currently 600.00%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its stake in Easterly Government Properties by 215.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 772 shares during the period. Parallel Advisors LLC boosted its stake in Easterly Government Properties by 318.2% during the 3rd quarter. Parallel Advisors LLC now owns 1,334 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 1,015 shares during the last quarter. Allworth Financial LP grew its holdings in Easterly Government Properties by 223.9% during the second quarter. Allworth Financial LP now owns 1,778 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 1,229 shares during the period. US Bancorp DE increased its stake in Easterly Government Properties by 237.9% in the third quarter. US Bancorp DE now owns 1,757 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,237 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Easterly Government Properties in the third quarter worth $69,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

About Easterly Government Properties

Easterly Government Properties, Inc (NYSE: DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.