Easterly Government Properties (NYSE:DEA – Free Report) had its price target hoisted by Truist Financial from $24.00 to $26.00 in a report released on Thursday, MarketBeat Ratings reports. The firm currently has a hold rating on the real estate investment trust’s stock.
DEA has been the topic of a number of other reports. Wall Street Zen upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. BMO Capital Markets restated a “market perform” rating and issued a $27.00 target price (up from $25.00) on shares of Easterly Government Properties in a research report on Monday, August 3rd. Raymond James Financial reiterated an “outperform” rating and set a $27.00 price target on shares of Easterly Government Properties in a report on Thursday, August 13th. Citigroup reiterated a “neutral” rating and set a $25.00 price target (up from $23.00) on shares of Easterly Government Properties in a research report on Friday, August 7th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating and set a $24.00 price objective (up from $22.00) on shares of Easterly Government Properties in a research report on Monday, August 24th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Easterly Government Properties has a consensus rating of “Hold” and a consensus price target of $25.06.
Read Our Latest Analysis on DEA
Easterly Government Properties Price Performance
Easterly Government Properties (NYSE:DEA – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. Easterly Government Properties had a net margin of 2.86% and a return on equity of 0.75%. The firm had revenue of $92.42 million during the quarter, compared to analyst estimates of $90.94 million. During the same quarter in the prior year, the firm posted $0.74 earnings per share. Easterly Government Properties’s quarterly revenue was up 9.8% on a year-over-year basis. Easterly Government Properties has set its FY 2026 guidance at 3.070-3.130 EPS. Equities research analysts anticipate that Easterly Government Properties will post 3.1 earnings per share for the current fiscal year.
Easterly Government Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.3%. The ex-dividend date was Monday, August 10th. Easterly Government Properties’s dividend payout ratio (DPR) is presently 857.14%.
Institutional Investors Weigh In On Easterly Government Properties
Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its stake in shares of Easterly Government Properties by 197.5% in the 1st quarter. AQR Capital Management LLC now owns 95,596 shares of the real estate investment trust’s stock valued at $1,013,000 after buying an additional 63,463 shares during the period. Millennium Management LLC lifted its stake in Easterly Government Properties by 1,759.2% in the first quarter. Millennium Management LLC now owns 1,000,176 shares of the real estate investment trust’s stock worth $10,602,000 after acquiring an additional 946,381 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Easterly Government Properties by 12,846.9% during the 1st quarter. NewEdge Advisors LLC now owns 10,487 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 10,406 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Easterly Government Properties by 1.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 714,042 shares of the real estate investment trust’s stock valued at $7,569,000 after purchasing an additional 7,785 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Easterly Government Properties by 271.5% in the 1st quarter. Jane Street Group LLC now owns 115,677 shares of the real estate investment trust’s stock valued at $1,226,000 after purchasing an additional 84,536 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.
Easterly Government Properties Company Profile
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.
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