Shares of Easterly Government Properties, Inc. (NYSE:DEA – Get Free Report) have received an average recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $24.7786.
Several brokerages have commented on DEA. Citigroup restated a “neutral” rating and set a $25.00 price target (up from $23.00) on shares of Easterly Government Properties in a research note on Friday, August 7th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $27.00 price objective (up from $25.00) on shares of Easterly Government Properties in a research note on Monday, August 3rd. Raymond James Financial reiterated an “outperform” rating and set a $27.00 target price on shares of Easterly Government Properties in a report on Thursday, August 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Easterly Government Properties in a research report on Monday. Finally, Wall Street Zen upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 8th.
Get Our Latest Research Report on Easterly Government Properties
Easterly Government Properties Stock Down 1.4%
Easterly Government Properties (NYSE:DEA – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. Easterly Government Properties had a return on equity of 0.75% and a net margin of 2.86%.The business had revenue of $92.42 million during the quarter, compared to the consensus estimate of $90.94 million. During the same period in the prior year, the firm posted $0.74 EPS. The business’s revenue for the quarter 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. On average, analysts anticipate that Easterly Government Properties will post 3.1 EPS for the current year.
Easterly Government Properties Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, August 10th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.3%. The ex-dividend date was Monday, August 10th. Easterly Government Properties’s payout ratio is currently 857.14%.
Hedge Funds Weigh In On Easterly Government Properties
Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Easterly Government Properties by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 4,831,169 shares of the real estate investment trust’s stock valued at $102,372,000 after acquiring an additional 167,092 shares in the last quarter. State Street Corp increased its holdings in Easterly Government Properties by 0.5% in the 4th quarter. State Street Corp now owns 2,497,275 shares of the real estate investment trust’s stock valued at $52,917,000 after purchasing an additional 13,200 shares in the last quarter. California State Teachers Retirement System increased its holdings in Easterly Government Properties by 2,761.2% in the 2nd quarter. California State Teachers Retirement System now owns 1,173,704 shares of the real estate investment trust’s stock valued at $29,260,000 after purchasing an additional 1,132,682 shares in the last quarter. Geode Capital Management LLC raised its position in Easterly Government Properties by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,139,044 shares of the real estate investment trust’s stock valued at $24,141,000 after purchasing an additional 9,577 shares during the period. Finally, Millennium Management LLC raised its position 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 valued at $10,602,000 after purchasing an additional 946,381 shares during the period. 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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