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

Easterly Government Properties (NYSE:DEA) had its price target dropped by research analysts at Truist Financial from $25.00 to $24.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s target price suggests a potential upside of 9.18% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Wall Street Zen raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings raised Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Finally, Royal Bank Of Canada lifted 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, March 2nd. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Easterly Government Properties currently has an average rating of “Hold” and a consensus price target of $24.99.

Easterly Government Properties Price Performance

Shares of NYSE DEA traded down $0.29 during trading on Wednesday, reaching $21.98. The company had a trading volume of 34,471 shares, compared to its average volume of 478,666. Easterly Government Properties has a 52 week low of $19.33 and a 52 week high of $27.47. The business’s 50 day moving average price is $23.10 and its 200-day moving average price is $22.45. The stock has a market cap of $1.02 billion, a PE ratio of 78.46 and a beta of 0.96. 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 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 the consensus estimate of $87.73 million. Easterly Government Properties had a net margin of 3.87% and a return on equity of 0.94%. Easterly Government Properties’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS. Analysts expect that Easterly Government Properties will post 1.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DEA. EverSource Wealth Advisors LLC raised its position in Easterly Government Properties by 215.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 772 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Easterly Government Properties by 318.2% during the 3rd quarter. Parallel Advisors LLC now owns 1,334 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 1,015 shares in the last quarter. Colonial Trust Co SC bought a new position in shares of Easterly Government Properties during the 4th quarter worth approximately $34,000. Allworth Financial LP raised its holdings in shares of Easterly Government Properties by 223.9% in the second quarter. Allworth Financial LP now owns 1,778 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 1,229 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Easterly Government Properties by 237.9% in the third quarter. US Bancorp DE now owns 1,757 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,237 shares during the last quarter. 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.