Easterly Government Properties, Inc. (NYSE:DEA) Stock Has Consensus Price Target of $25.60

Easterly Government Properties, Inc. (NYSE:DEA) has earned an average rating of “Reduce” from the six research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $25.60.

A number of analysts have recently weighed in on the company. Wall Street Zen raised Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Citigroup reduced their price objective on Easterly Government Properties from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, October 29th. Raymond James Financial restated an “outperform” rating and set a $27.00 price objective on shares of Easterly Government Properties in a research note on Thursday, August 13th. Truist Financial increased their target price on Easterly Government Properties from $24.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday, August 27th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $27.00 target price (up from $25.00) on shares of Easterly Government Properties in a research note on Monday, August 3rd.

Institutional Trading of Easterly Government Properties

Several hedge funds have recently bought and sold shares of the company. Arrow Investment Advisors LLC raised its position in Easterly Government Properties by 11.5% during the third quarter. Arrow Investment Advisors LLC now owns 10,549 shares of the real estate investment trust’s stock valued at $245,000 after acquiring an additional 1,084 shares in the last quarter. Pekin Hardy Strauss Inc. grew its position in shares of Easterly Government Properties by 1.9% in the third quarter. Pekin Hardy Strauss Inc. now owns 359,828 shares of the real estate investment trust’s stock valued at $8,348,000 after purchasing an additional 6,816 shares during the last quarter. State of Wyoming acquired a new stake in Easterly Government Properties in the 3rd quarter valued at approximately $131,000. Asset Management One Co. Ltd. increased its position in Easterly Government Properties by 6.2% during the third quarter. Asset Management One Co. Ltd. now owns 62,871 shares of the real estate investment trust’s stock worth $1,459,000 after acquiring an additional 3,680 shares during the period. Finally, Abundance Wealth Counselors boosted its holdings in Easterly Government Properties by 10.9% in the 3rd quarter. Abundance Wealth Counselors now owns 35,503 shares of the real estate investment trust’s stock valued at $824,000 after purchasing an additional 3,479 shares during the period. 86.51% of the stock is currently owned by institutional investors.

Easterly Government Properties Price Performance

DEA opened at $22.68 on Tuesday. The company has a quick ratio of 3.88, a current ratio of 3.50 and a debt-to-equity ratio of 1.24. The company’s 50-day moving average price is $23.28 and its 200 day moving average price is $23.55. Easterly Government Properties has a fifty-two week low of $20.56 and a fifty-two week high of $25.96. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 73.15 and a beta of 0.99.

Easterly Government Properties (NYSE:DEA) last issued its earnings results on Monday, August 3rd. The real estate investment trust reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $92.42 million during the quarter, compared to the consensus estimate of $90.94 million. Easterly Government Properties had a return on equity of 1.07% and a net margin of 3.98%. Easterly Government Properties’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 earnings per share. As a group, sell-side analysts expect that Easterly Government Properties will post 3.10 earnings per share for the current year.

Easterly Government Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Thursday, November 5th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, November 5th. This represents a $1.80 annualized dividend and a dividend yield of 7.9%. Easterly Government Properties’s dividend payout ratio is currently 580.65%.

About Easterly Government Properties

Easterly Government Properties, Inc is a real estate investment trust (REIT) that acquires, develops, owns and manages properties leased primarily to government agencies. Its portfolio is focused on mission-critical facilities, including offices, medical and healthcare-related buildings, laboratories, courthouses and other specialized properties used by federal, state and local government tenants.

Founded in 2011 and headquartered in Washington, DC, Easterly became a publicly traded company in 2015.