Easterly Government Properties, Inc. (NYSE:DEA) Stock Has Consensus Target Price of $25.60 According to Analysts

Shares of Easterly Government Properties, Inc. (NYSE:DEA) have been assigned an average rating of “Reduce” from the six analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $25.60.

A number of analysts have commented on the company. Royal Bank Of Canada reiterated an “underperform” rating and issued a $24.00 price objective (up from $22.00) on shares of Easterly Government Properties in a research report on Monday, August 24th. Wall Street Zen upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Citigroup cut their target price on Easterly Government Properties from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Thursday, October 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $27.00 target price on shares of Easterly Government Properties in a research report on Thursday, August 13th. Finally, Weiss Ratings downgraded shares of Easterly Government Properties from a “hold (c-)” rating to a “sell (d)” rating in a research note on Wednesday, October 28th.

Hedge Funds Weigh In On Easterly Government Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arrow Investment Advisors LLC boosted its holdings in Easterly Government Properties by 11.5% during the third quarter. Arrow Investment Advisors LLC now owns 10,549 shares of the real estate investment trust’s stock valued at $245,000 after purchasing an additional 1,084 shares in the last quarter. Pekin Hardy Strauss Inc. increased its stake in shares of Easterly Government Properties by 1.9% in the third quarter. Pekin Hardy Strauss Inc. now owns 359,828 shares of the real estate investment trust’s stock valued at $8,348,000 after buying an additional 6,816 shares in the last quarter. State of Wyoming bought a new position in shares of Easterly Government Properties in the third quarter worth about $131,000. Asset Management One Co. Ltd. lifted its position in shares of Easterly Government Properties by 6.2% during the third quarter. Asset Management One Co. Ltd. now owns 62,871 shares of the real estate investment trust’s stock worth $1,459,000 after purchasing an additional 3,680 shares in the last quarter. Finally, Abundance Wealth Counselors lifted its position in shares of Easterly Government Properties by 10.9% during the third quarter. Abundance Wealth Counselors now owns 35,503 shares of the real estate investment trust’s stock worth $824,000 after purchasing an additional 3,479 shares in the last quarter. 86.51% of the stock is owned by institutional investors.

Easterly Government Properties Stock Up 1.6%

DEA stock opened at $22.68 on Tuesday. Easterly Government Properties has a twelve month low of $20.56 and a twelve month high of $25.96. The company has a market cap of $1.07 billion, a PE ratio of 73.15 and a beta of 0.99. The business’s 50-day simple moving average is $23.28 and its 200 day simple moving average is $23.55. The company has a quick ratio of 3.88, a current ratio of 3.50 and a debt-to-equity ratio of 1.24.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $92.42 million for the quarter, compared to analyst estimates of $90.94 million. Easterly Government Properties had a return on equity of 1.07% and a net margin of 3.98%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 earnings per share. On average, research analysts anticipate that Easterly Government Properties will post 3.10 earnings per share for the current year.

Easterly Government Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Thursday, November 5th will be paid a $0.45 dividend. The ex-dividend date is Thursday, November 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.9%. Easterly Government Properties’s dividend payout ratio is currently 580.65%.

About Easterly Government Properties

Easterly Government Properties, Inc is a real estate investment trust (REIT) that acquires, develops, owns and manages properties leased primarily to government agencies. Its portfolio is focused on mission-critical facilities, including offices, medical and healthcare-related buildings, laboratories, courthouses and other specialized properties used by federal, state and local government tenants.

Founded in 2011 and headquartered in Washington, DC, Easterly became a publicly traded company in 2015.