Brokerages Set Easterly Government Properties, Inc. (NYSE:DEA) PT at $23.49

Easterly Government Properties, Inc. (NYSE:DEA) has been assigned an average rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $23.49.

DEA has been the topic of a number of research analyst reports. Wall Street Zen upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings upgraded shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, March 6th. Royal Bank Of Canada raised 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 report on Wednesday, March 11th.

Easterly Government Properties Trading Down 0.0%

Shares of NYSE:DEA opened at $23.50 on Friday. Easterly Government Properties has a 52-week low of $19.33 and a 52-week high of $24.94. The company has a debt-to-equity ratio of 1.22, a quick ratio of 3.87 and a current ratio of 3.87. The company has a market capitalization of $1.09 billion, a P/E ratio of 83.94 and a beta of 0.98. The company has a 50-day simple moving average of $22.76 and a 200 day simple moving average of $22.28.

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 for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.67). Easterly Government Properties had a return on equity of 0.94% and a net margin of 3.87%.The business had revenue of $87.04 million for 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% compared to the same quarter last year. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS. Sell-side analysts forecast that Easterly Government Properties will post 1.17 earnings per share for the current year.

Easterly Government Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th were paid a $0.45 dividend. The ex-dividend date was Thursday, March 5th. This represents a $1.80 annualized dividend and a yield of 7.7%. Easterly Government Properties’s payout ratio is 642.86%.

Hedge Funds Weigh In On Easterly Government Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in Easterly Government Properties by 215.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 772 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of 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 purchasing an additional 1,015 shares during the last quarter. Colonial Trust Co SC acquired a new position in shares of Easterly Government Properties during the 4th quarter worth $34,000. US Bancorp DE lifted its position in shares of Easterly Government Properties by 237.9% during the 3rd quarter. US Bancorp DE now owns 1,757 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 1,237 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in Easterly Government Properties in the fourth quarter valued at about $44,000. 86.51% of the stock is owned by institutional investors and hedge funds.

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.