Easterly Government Properties, Inc. (NYSE:DEA) Receives $24.99 Average PT from Brokerages

Shares of Easterly Government Properties, Inc. (NYSE:DEA) have received a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $24.9917.

DEA has been the subject of a number of recent analyst reports. Truist Financial dropped their price target on shares of Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Monday, November 24th. Compass Point set a $26.45 target price on shares of Easterly Government Properties and gave the company a “buy” rating in a research note on Wednesday, October 15th. New Street Research set a $20.00 target price on shares of Easterly Government Properties in a report on Monday, October 13th. Wall Street Zen raised Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Weiss Ratings downgraded Easterly Government Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 15th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DEA. AlphaQuest LLC lifted its position in shares of Easterly Government Properties by 168.4% in the third quarter. AlphaQuest LLC now owns 76,774 shares of the real estate investment trust’s stock worth $1,760,000 after buying an additional 48,173 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Easterly Government Properties by 249.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 254,659 shares of the real estate investment trust’s stock worth $5,653,000 after acquiring an additional 181,732 shares during the last quarter. Pekin Hardy Strauss Inc. bought a new stake in Easterly Government Properties in the 2nd quarter worth approximately $5,179,000. Brookwood Investment Group LLC purchased a new stake in shares of Easterly Government Properties during the 2nd quarter worth approximately $332,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Easterly Government Properties by 124.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 185,615 shares of the real estate investment trust’s stock valued at $4,121,000 after acquiring an additional 103,008 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Easterly Government Properties Stock Up 1.3%

NYSE DEA opened at $23.35 on Friday. Easterly Government Properties has a 52 week low of $19.33 and a 52 week high of $29.49. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $1.08 billion, a P/E ratio of 76.55 and a beta of 0.96. The stock’s 50-day moving average price is $22.15 and its 200-day moving average price is $22.23.

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.