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

Shares of Easterly Government Properties, Inc. (NYSE:DEA) have been given a consensus recommendation of “Hold” by the six analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $24.9917.

Several analysts have recently commented on DEA shares. Weiss Ratings cut Easterly Government Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Truist Financial reduced their price objective 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. Compass Point set a $26.45 price objective on Easterly Government Properties and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Finally, New Street Research set a $20.00 target price on Easterly Government Properties in a research note on Monday, October 13th.

Hedge Funds Weigh In On Easterly Government Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Resona Asset Management Co. Ltd. boosted its holdings in Easterly Government Properties by 10.9% during the first quarter. Resona Asset Management Co. Ltd. now owns 43,477 shares of the real estate investment trust’s stock valued at $460,000 after purchasing an additional 4,273 shares in the last quarter. Wealthedge Investment Advisors LLC lifted its position in shares of Easterly Government Properties by 154.0% during the 1st quarter. Wealthedge Investment Advisors LLC now owns 114,472 shares of the real estate investment trust’s stock worth $1,213,000 after buying an additional 69,397 shares during the period. Nuveen LLC bought a new position in shares of Easterly Government Properties during the 1st quarter worth approximately $7,487,000. Charles Schwab Investment Management Inc. boosted its stake in Easterly Government Properties by 1.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,001,924 shares of the real estate investment trust’s stock valued at $21,220,000 after buying an additional 26,596 shares in the last quarter. Finally, Graham Capital Management L.P. boosted its stake in Easterly Government Properties by 55.3% in the 1st quarter. Graham Capital Management L.P. now owns 196,176 shares of the real estate investment trust’s stock valued at $2,079,000 after buying an additional 69,869 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Stock Performance

Shares of DEA opened at $21.91 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.47 and a quick ratio of 3.47. The firm’s 50 day moving average is $21.68 and its 200-day moving average is $22.31. Easterly Government Properties has a 12-month low of $19.33 and a 12-month high of $29.88. The stock has a market capitalization of $1.01 billion, a P/E ratio of 71.84 and a beta of 0.96.

Easterly Government Properties (NYSE:DEA) last issued its earnings results on Monday, October 27th. The real estate investment trust reported $0.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. Easterly Government Properties had a net margin of 4.24% and a return on equity of 1.00%. The firm had revenue of $86.15 million during the quarter, compared to analysts’ expectations of $84.82 million. During the same period last year, the firm posted $0.30 earnings per share. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS and its FY 2025 guidance at 2.980-3.020 EPS. Equities research analysts anticipate that Easterly Government Properties will post 1.17 EPS for the current fiscal year.

Easterly Government Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Friday, November 7th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 8.2%. Easterly Government Properties’s payout ratio is presently 600.00%.

About Easterly Government Properties

Easterly Government Properties, Inc (NYSE: DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.