Shares of Easterly Government Properties, Inc. (NYSE:DEA – Get Free Report) have been given an average rating of “Hold” by the seven analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $25.0643.
A number of analysts recently issued reports on DEA shares. Royal Bank Of Canada reissued 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. Raymond James Financial reaffirmed an “outperform” rating and set a $27.00 target price on shares of Easterly Government Properties in a research note on Thursday, August 13th. Truist Financial increased their target price on shares of Easterly Government Properties from $24.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, August 27th. Citigroup reissued a “neutral” rating and issued a $25.00 price target (up from $23.00) on shares of Easterly Government Properties in a research note on Friday, August 7th. 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.
Check Out Our Latest Stock Analysis on DEA
Easterly Government Properties Trading Down 0.3%
Easterly Government Properties (NYSE:DEA – Get Free Report) last posted its earnings results on Monday, August 3rd. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. Easterly Government Properties had a return on equity of 0.75% and a net margin of 2.86%.The company had revenue of $92.42 million during the quarter, compared to analysts’ expectations of $90.94 million. During the same quarter last year, the firm earned $0.74 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. Easterly Government Properties has set its FY 2026 guidance at 3.070-3.130 EPS. As a group, research analysts predict that Easterly Government Properties will post 3.09 earnings per share for the current year.
Easterly Government Properties Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.7%. The ex-dividend date was Monday, August 10th. Easterly Government Properties’s dividend payout ratio (DPR) is 857.14%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in DEA. Dimensional Fund Advisors LP grew its stake in shares of Easterly Government Properties by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 601,221 shares of the real estate investment trust’s stock valued at $12,885,000 after buying an additional 4,832 shares in the last quarter. Pacer Advisors Inc. purchased a new position in Easterly Government Properties during the 4th quarter valued at about $8,409,000. Bank of New York Mellon Corp purchased a new position in Easterly Government Properties during the 2nd quarter valued at about $7,237,000. Kestra Advisory Services LLC grew its position in Easterly Government Properties by 6.4% in the 1st quarter. Kestra Advisory Services LLC now owns 247,106 shares of the real estate investment trust’s stock valued at $5,295,000 after acquiring an additional 14,756 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Easterly Government Properties by 25.0% in the 1st quarter. First Trust Advisors LP now owns 172,030 shares of the real estate investment trust’s stock valued at $3,687,000 after acquiring an additional 34,430 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.
About Easterly Government Properties
Easterly Government Properties, Inc (NYSE:DEA) is a real estate investment trust focused on acquiring, developing, owning and managing office properties leased primarily to the U.S. government and its agencies. The company targets properties that support essential government functions and typically seeks locations with strong tenant demand, long-term leases and specialized infrastructure.
Its portfolio includes office and other facilities occupied by federal agencies, including healthcare-related and mission-critical government users.
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