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

Easterly Government Properties, Inc. (NYSE:DEA) has been given an average recommendation of “Hold” by the five research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $23.49.

A number of research firms recently issued reports on DEA. Weiss Ratings raised shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, March 6th. Truist Financial dropped their price target on shares of Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Royal Bank Of Canada lifted 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, Wall Street Zen raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th.

Easterly Government Properties Price Performance

Easterly Government Properties stock opened at $23.16 on Friday. The company’s fifty day moving average price is $22.69 and its 200 day moving average price is $22.30. Easterly Government Properties has a 1 year low of $19.33 and a 1 year high of $24.94. The stock has a market capitalization of $1.07 billion, a P/E ratio of 82.73 and a beta of 0.98. The company has a debt-to-equity ratio of 1.22, a quick ratio of 3.87 and a current ratio of 3.87.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings results on Monday, February 23rd. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.67). Easterly Government Properties had a net margin of 3.87% and a return on equity of 0.94%. The company had revenue of $87.04 million during the quarter, compared to analyst estimates of $87.73 million. During the same period in the prior year, the business posted $0.29 EPS. Easterly Government Properties’s 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. As a group, equities research analysts anticipate that Easterly Government Properties will post 3.1 earnings per share for the current fiscal year.

Easterly Government Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.8%. Easterly Government Properties’s dividend payout ratio (DPR) is 642.86%.

Institutional Trading of Easterly Government Properties

Several institutional investors and hedge funds have recently bought and sold shares of the stock. MQS Management LLC purchased a new stake in Easterly Government Properties in the 1st quarter valued at about $361,000. Louisiana State Employees Retirement System purchased a new stake in Easterly Government Properties in the 1st quarter valued at about $416,000. Kestra Private Wealth Services LLC purchased a new stake in Easterly Government Properties in the 1st quarter valued at about $874,000. Corient Private Wealth LLC purchased a new stake in Easterly Government Properties in the 4th quarter valued at about $203,000. Finally, Hsbc Holdings PLC raised its holdings in Easterly Government Properties by 3.5% in the 4th quarter. Hsbc Holdings PLC now owns 75,904 shares of the real estate investment trust’s stock valued at $1,609,000 after buying an additional 2,600 shares during the period. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

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.