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

Shares of Easterly Government Properties, Inc. (NYSE:DEA – Get Free Report) have received a consensus recommendation of “Reduce” from the five ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $23.49.

A number of research analysts have issued reports on DEA shares. Royal Bank Of Canada lifted their price objective on Easterly Government Properties from $21.00 to $22.00 and gave the company an “underperform” rating in a research note on Monday, March 2nd. Weiss Ratings cut Easterly Government Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Wall Street Zen cut Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Truist Financial lowered 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 Wednesday, March 11th.

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Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DEA. EverSource Wealth Advisors LLC raised its stake in Easterly Government Properties by 215.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 772 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of 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 purchasing an additional 1,015 shares during the last quarter. Colonial Trust Co SC purchased a new position in shares of Easterly Government Properties in the fourth quarter worth $34,000. US Bancorp DE raised its stake in shares of 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 purchasing an additional 1,237 shares during the last quarter. Finally, Danske Bank A S purchased a new position in shares of Easterly Government Properties in the fourth quarter worth $44,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Easterly Government Properties Trading Up 2.7%

NYSE DEA opened at $23.65 on Tuesday. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 1.26. Easterly Government Properties has a twelve month low of $20.56 and a twelve month high of $24.94. The firm has a market capitalization of $1.10 billion, a PE ratio of 98.55 and a beta of 0.98. The stock’s 50 day moving average is $22.59 and its 200 day moving average is $22.44.

Easterly Government Properties (NYSE:DEA – Get Free Report) last released its quarterly earnings results 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 net margin of 3.22% and a return on equity of 0.82%. The firm had revenue of $87.04 million for the quarter, compared to the consensus estimate of $87.73 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS. Research analysts forecast that Easterly Government Properties will post 3.1 earnings per share for the current fiscal year.

Easterly Government Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, May 7th. This represents a $1.80 dividend on an annualized basis and a yield of 7.6%. Easterly Government Properties’s payout ratio is presently 750.00%.

About Easterly Government Properties

(Get Free Report)

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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