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

Easterly Government Properties (NYSE:DEA) had its price target decreased by Truist Financial from $25.00 to $24.00 in a research note released on Wednesday morning,Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

DEA has been the topic of a number of other reports. Weiss Ratings upgraded Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, March 6th. Wall Street Zen upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Royal Bank Of Canada increased their price objective on shares of Easterly Government Properties from $21.00 to $22.00 and gave the stock an “underperform” rating in a report on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Easterly Government Properties currently has a consensus rating of “Hold” and an average price target of $24.99.

Easterly Government Properties Price Performance

DEA opened at $22.01 on Wednesday. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 78.60 and a beta of 0.96. Easterly Government Properties has a fifty-two week low of $19.33 and a fifty-two week high of $27.47. The company’s 50-day moving average price is $23.11 and its 200 day moving average price is $22.44. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 1.22.

Easterly Government Properties (NYSE:DEA) last issued its earnings results on Monday, February 23rd. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.67). The company had revenue of $87.04 million during the quarter, compared to analyst estimates of $87.73 million. Easterly Government Properties had a net margin of 3.87% and a return on equity of 0.94%. The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.29 earnings per share. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS. As a group, sell-side analysts expect that Easterly Government Properties will post 1.17 earnings per share for the current year.

Easterly Government Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date is Thursday, March 5th. Easterly Government Properties’s payout ratio is 642.86%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Easterly Government Properties by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 4,831,169 shares of the real estate investment trust’s stock worth $102,372,000 after purchasing an additional 167,092 shares during the period. State Street Corp increased its stake in Easterly Government Properties by 0.5% during the 4th quarter. State Street Corp now owns 2,497,275 shares of the real estate investment trust’s stock valued at $52,917,000 after buying an additional 13,200 shares during the period. Geode Capital Management LLC raised its position in shares of Easterly Government Properties by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,139,044 shares of the real estate investment trust’s stock worth $24,141,000 after buying an additional 9,577 shares in the last quarter. Millennium Management LLC raised its position in shares of Easterly Government Properties by 1,759.2% during the 1st quarter. Millennium Management LLC now owns 1,000,176 shares of the real estate investment trust’s stock worth $10,602,000 after buying an additional 946,381 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Easterly Government Properties by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 962,687 shares of the real estate investment trust’s stock worth $20,399,000 after purchasing an additional 40,451 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

About Easterly Government Properties

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.