Easterly Government Properties, Inc. (NYSE:DEA) Given Consensus Recommendation of “Hold” by Brokerages

Easterly Government Properties, Inc. (NYSE:DEA) has been given a consensus rating of “Hold” by the five research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $23.49.

A number of research analysts recently commented on the company. Weiss Ratings upgraded Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Truist Financial cut their target price on Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. Wall Street Zen lowered Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Royal Bank Of Canada upped their target price on Easterly Government Properties from $21.00 to $22.00 and gave the company an “underperform” rating in a research note on Monday, March 2nd.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Tudor Investment Corp ET AL acquired a new position in Easterly Government Properties during the third quarter worth $1,308,000. Vanguard Group Inc. raised its stake in Easterly Government Properties by 3.6% during 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 acquiring an additional 167,092 shares in the last quarter. TT Capital Management LLC raised its stake in Easterly Government Properties by 260.7% during the third quarter. TT Capital Management LLC now owns 58,080 shares of the real estate investment trust’s stock worth $1,332,000 after acquiring an additional 41,980 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Easterly Government Properties by 16.8% during the third quarter. Public Sector Pension Investment Board now owns 168,046 shares of the real estate investment trust’s stock worth $3,853,000 after acquiring an additional 24,209 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. raised its stake in Easterly Government Properties by 9.8% during the third quarter. Pekin Hardy Strauss Inc. now owns 256,166 shares of the real estate investment trust’s stock worth $5,874,000 after acquiring an additional 22,857 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Easterly Government Properties Stock Up 0.6%

DEA opened at $23.87 on Friday. Easterly Government Properties has a 1-year low of $20.56 and a 1-year high of $24.94. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 99.46 and a beta of 0.98. The business has a 50 day moving average of $23.08 and a 200-day moving average of $22.67.

Easterly Government Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date was Thursday, May 7th. Easterly Government Properties’s dividend payout ratio is presently 750.00%.

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.