Easterly Government Properties, Inc. (NYSE:DEA) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Easterly Government Properties, Inc. (NYSE:DEA) have been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $25.91.

A number of research analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Easterly Government Properties in a research report on Monday, August 24th. Wall Street Zen raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. BMO Capital Markets reissued a “market perform” rating and issued a $27.00 price target (up from $25.00) on shares of Easterly Government Properties in a report on Monday, August 3rd. Citigroup restated a “neutral” rating and set a $25.00 price objective (up from $23.00) on shares of Easterly Government Properties in a research report on Friday, August 7th. Finally, Truist Financial upped their price objective on shares of Easterly Government Properties from $24.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday, August 27th.

Easterly Government Properties Trading Down 0.8%

DEA stock opened at $22.68 on Friday. Easterly Government Properties has a 52-week low of $20.56 and a 52-week high of $25.96. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.26. The firm has a market cap of $1.07 billion, a P/E ratio of 108.01 and a beta of 0.99. The company’s 50-day simple moving average is $23.91 and its 200-day simple moving average is $23.84.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $92.42 million during the quarter, compared to analyst estimates of $90.94 million. Easterly Government Properties had a return on equity of 0.75% and a net margin of 2.86%. Easterly Government Properties’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 EPS. Easterly Government Properties has set its FY 2026 guidance at 3.070-3.130 EPS. As a group, equities analysts forecast that Easterly Government Properties will post 3.09 EPS for the current fiscal year.

Easterly Government Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.9%. Easterly Government Properties’s payout ratio is currently 857.14%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its holdings in Easterly Government Properties by 198.6% in the 1st quarter. Renaissance Technologies LLC now owns 73,466 shares of the real estate investment trust’s stock valued at $1,574,000 after purchasing an additional 48,866 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Easterly Government Properties during the 2nd quarter worth $2,339,000. Quantinno Capital Management LP boosted its stake in Easterly Government Properties by 392.6% during the 1st quarter. Quantinno Capital Management LP now owns 129,542 shares of the real estate investment trust’s stock worth $2,776,000 after purchasing an additional 103,247 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Easterly Government Properties by 39.7% during the first quarter. Bank of America Corp DE now owns 150,221 shares of the real estate investment trust’s stock worth $3,219,000 after buying an additional 42,704 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Easterly Government Properties during the second quarter worth $7,237,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc is a real estate investment trust (REIT) that owns, acquires, develops and manages properties leased primarily to the U.S. government. The company focuses on facilities considered essential to federal agencies’ operations, including medical office buildings, outpatient clinics, laboratories, administrative offices and other specialized properties.

Many of Easterly’s properties are leased to federal agencies through the U.S. General Services Administration, as well as directly to government agencies.