Truist Financial Issues Pessimistic Forecast for Easterly Government Properties (NYSE:DEA) Stock Price

Easterly Government Properties (NYSE:DEA) had its target price lowered by stock analysts at Truist Financial from $25.00 to $24.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s target price would suggest a potential upside of 9.18% from the company’s current price.

A number of other equities research analysts have also recently issued reports on DEA. Royal Bank Of Canada upped their price objective on Easterly Government Properties from $21.00 to $22.00 and gave the stock an “underperform” rating in a research note on Monday, March 2nd. Wall Street Zen upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Weiss Ratings raised shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $24.99.

Easterly Government Properties Stock Down 1.3%

Shares of Easterly Government Properties stock traded down $0.29 during trading hours on Wednesday, reaching $21.98. 34,471 shares of the company’s stock were exchanged, compared to its average volume of 478,666. The company has a 50 day moving average of $23.10 and a two-hundred day moving average of $22.45. Easterly Government Properties has a fifty-two week low of $19.33 and a fifty-two week high of $27.47. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 1.22. The stock has a market cap of $1.02 billion, a P/E ratio of 78.46 and a beta of 0.96.

Easterly Government Properties (NYSE:DEA) last released its earnings results on Monday, February 23rd. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.67). Easterly Government Properties had a net margin of 3.87% and a return on equity of 0.94%. The company had revenue of $87.04 million during the quarter, compared to analyst estimates of $87.73 million. During the same period in the prior year, the firm posted $0.29 EPS. Easterly Government Properties’s revenue 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. On average, sell-side analysts forecast that Easterly Government Properties will post 1.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its stake in Easterly Government Properties by 215.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 772 shares during the period. Parallel Advisors LLC boosted its position in Easterly Government Properties by 318.2% during 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 period. Colonial Trust Co SC acquired a new position in shares of Easterly Government Properties in the fourth quarter valued at $34,000. US Bancorp DE increased its holdings 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 valued at $40,000 after purchasing an additional 1,237 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of Easterly Government Properties by 223.9% in the second quarter. Allworth Financial LP now owns 1,778 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 1,229 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

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.