Easterly Government Properties, Inc. (NYSE:DEA) Receives $24.99 Consensus Price Target from Brokerages

Shares of Easterly Government Properties, Inc. (NYSE:DEA) have received an average rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $24.9917.

Several research analysts recently weighed in on DEA shares. Weiss Ratings lowered Easterly Government Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 20th. Truist Financial dropped their price target on Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Monday, November 24th. Wall Street Zen upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Royal Bank Of Canada boosted their target price on Easterly Government Properties from $21.00 to $22.00 and gave the stock an “underperform” rating in a report on Monday.

Easterly Government Properties Trading Down 0.6%

Shares of DEA stock opened at $23.17 on Thursday. The firm’s 50-day simple moving average is $23.00 and its 200-day simple moving average is $22.43. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.87 and a quick ratio of 3.87. Easterly Government Properties has a 1-year low of $19.33 and a 1-year high of $28.19. The firm has a market cap of $1.07 billion, a P/E ratio of 82.75 and a beta of 0.96.

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

Easterly Government Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.8%. The ex-dividend date is Thursday, March 5th. Easterly Government Properties’s payout ratio is currently 642.86%.

Hedge Funds Weigh In On Easterly Government Properties

Several hedge funds and other institutional investors have recently made changes to their positions in DEA. Franklin Resources Inc. boosted its position in Easterly Government Properties by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 39,660 shares of the real estate investment trust’s stock worth $840,000 after purchasing an additional 471 shares during the period. Arizona State Retirement System lifted its stake in shares of Easterly Government Properties by 5.4% during the third quarter. Arizona State Retirement System now owns 12,623 shares of the real estate investment trust’s stock worth $289,000 after purchasing an additional 651 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of 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 worth $25,000 after buying an additional 772 shares during the period. Abundance Wealth Counselors boosted its position in shares of Easterly Government Properties by 2.3% in the third quarter. Abundance Wealth Counselors now owns 35,030 shares of the real estate investment trust’s stock worth $803,000 after buying an additional 791 shares during the period. Finally, Federation des caisses Desjardins du Quebec grew its stake in shares of Easterly Government Properties by 32.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,391 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 822 shares in the last quarter. 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 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.