Easterly Government Properties, Inc. (NYSE:DEA) Given Average Recommendation of “Hold” by Analysts

Easterly Government Properties, Inc. (NYSE:DEA) has earned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $27.15.

A number of research analysts have recently commented on the stock. BMO Capital Markets upgraded shares of Easterly Government Properties from a “strong sell” rating to a “hold” rating and set a $25.00 price target on the stock in a report on Wednesday, July 16th. Wall Street Zen cut shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Friday, June 6th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Easterly Government Properties in a report on Saturday, September 27th.

Easterly Government Properties Trading Up 0.1%

DEA stock opened at $22.58 on Monday. The firm’s fifty day simple moving average is $22.66 and its two-hundred day simple moving average is $22.55. The company has a quick ratio of 3.75, a current ratio of 3.75 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 55.08 and a beta of 0.95. Easterly Government Properties has a twelve month low of $19.33 and a twelve month high of $36.31.

Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. The firm had revenue of $80.37 million for the quarter, compared to analysts’ expectations of $81.73 million. Easterly Government Properties had a net margin of 5.54% and a return on equity of 1.26%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. As a group, analysts anticipate that Easterly Government Properties will post 1.17 earnings per share for the current year.

Easterly Government Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 8.0%. The ex-dividend date was Wednesday, August 13th. Easterly Government Properties’s dividend payout ratio is presently 439.02%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Easterly Government Properties by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 11,221,717 shares of the real estate investment trust’s stock worth $118,950,000 after acquiring an additional 62,164 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Easterly Government Properties by 25.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,339,515 shares of the real estate investment trust’s stock valued at $24,799,000 after buying an additional 478,037 shares during the last quarter. Invesco Ltd. lifted its position in shares of Easterly Government Properties by 2.9% during the first quarter. Invesco Ltd. now owns 2,116,599 shares of the real estate investment trust’s stock valued at $22,436,000 after buying an additional 60,351 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Easterly Government Properties by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,001,924 shares of the real estate investment trust’s stock valued at $21,220,000 after buying an additional 26,596 shares during the last quarter. Finally, Palisade Capital Management LP lifted its position in shares of Easterly Government Properties by 0.9% during the first quarter. Palisade Capital Management LP now owns 1,382,426 shares of the real estate investment trust’s stock valued at $14,654,000 after buying an additional 11,722 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc (NYSE: DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.