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

Shares of Easterly Government Properties, Inc. (NYSE:DEA) have been given a consensus recommendation of “Hold” by the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $23.49.

Several research analysts have recently commented on DEA shares. Truist Financial lowered their price objective on shares of 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. Weiss Ratings raised shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen lowered shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in Easterly Government Properties by 215.6% in the second 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 during the last quarter. Parallel Advisors LLC lifted its stake in Easterly Government Properties by 318.2% in the third 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 during the last quarter. Colonial Trust Co SC purchased a new position in Easterly Government Properties in the fourth quarter worth approximately $34,000. US Bancorp DE lifted its stake in 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 worth $40,000 after acquiring an additional 1,237 shares during the last quarter. Finally, Danske Bank A S purchased a new position in Easterly Government Properties in the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Price Performance

Shares of DEA opened at $24.99 on Wednesday. Easterly Government Properties has a 1-year low of $20.56 and a 1-year high of $25.26. The stock has a market cap of $1.16 billion, a PE ratio of 104.13 and a beta of 0.98. The firm has a 50-day simple moving average of $23.66 and a two-hundred day simple moving average of $22.97. The company has a debt-to-equity ratio of 1.26, a current ratio of 4.01 and a quick ratio of 4.01.

Easterly Government Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.80 annualized dividend and a dividend yield of 7.2%. Easterly Government Properties’s dividend payout ratio (DPR) 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.