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

Easterly Government Properties, Inc. (NYSE:DEA) has been assigned an average rating of “Hold” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has 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 target price among brokerages that have covered the stock in the last year is $23.49.

DEA has been the topic of several recent research reports. Royal Bank Of Canada increased their price objective on shares of Easterly Government Properties from $21.00 to $22.00 and gave the stock an “underperform” rating in a research note on Monday, March 2nd. Truist Financial lowered their price objective on shares of Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Wall Street Zen cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings upgraded shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, March 6th.

Easterly Government Properties Price Performance

Shares of NYSE:DEA opened at $22.84 on Tuesday. The firm’s 50 day moving average price is $22.60 and its 200-day moving average price is $22.41. Easterly Government Properties has a twelve month low of $20.53 and a twelve month high of $24.94. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $1.06 billion, a PE ratio of 95.17 and a beta of 0.98.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings data on Monday, February 23rd. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.67). Easterly Government Properties had a return on equity of 0.82% and a net margin of 3.22%.The business had revenue of $87.04 million during the quarter, compared to the consensus estimate of $87.73 million. During the same quarter last year, the company earned $0.29 EPS. Easterly Government Properties’s revenue for the quarter was up 11.1% on a year-over-year basis. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS. Equities research analysts expect that Easterly Government Properties will post 3.1 EPS for the current year.

Easterly Government Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Investors of record on Thursday, May 7th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend is Thursday, May 7th. Easterly Government Properties’s dividend payout ratio is currently 750.00%.

Institutional Investors Weigh In On Easterly Government Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings 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 worth $25,000 after acquiring an additional 772 shares in the last quarter. Parallel Advisors LLC increased its holdings in Easterly Government Properties by 318.2% in 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 purchased a new stake in Easterly Government Properties in the 4th quarter worth approximately $34,000. US Bancorp DE increased its holdings in Easterly Government Properties by 237.9% in the 3rd quarter. US Bancorp DE now owns 1,757 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 1,237 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in Easterly Government Properties in the 4th quarter worth approximately $44,000. 86.51% of the stock is owned by hedge funds and other institutional investors.

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.