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

Key Points

• Citigroup lowered Easterly Government Properties’ price target from $25 to $24 while maintaining a neutral rating, implying about 6% upside from the stock’s previous close.
• Analyst sentiment is mostly cautious: MarketBeat reports a consensus “Reduce” rating and $25.60 price target, while Weiss Ratings downgraded the stock to sell.
• DEA shares traded at $22.64, below their 50- and 200-day moving averages. The REIT reported quarterly revenue of $92.42 million, up 9.8% year over year, and met consensus EPS estimates of $0.06.

Easterly Government Properties (NYSE:DEA - Get Free Report) had its target price reduced by investment analysts at Citigroup from $25.00 to $24.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a "neutral" rating on the real estate investment trust's stock. Citigroup's price target points to a potential upside of 6.02% from the stock's previous close.

DEA has been the subject of several other reports. Weiss Ratings lowered Easterly Government Properties from a "hold (c-)" rating to a "sell (d)" rating in a report on Wednesday. Truist Financial boosted their price objective on Easterly Government Properties from $24.00 to $26.00 and gave the company a "hold" rating in a research note on Thursday, August 27th. Royal Bank Of Canada reiterated an "underperform" rating and set a $24.00 target price (up from $22.00) on shares of Easterly Government Properties in a research report on Monday, August 24th. Raymond James Financial reiterated an "outperform" rating and issued a $27.00 target price on shares of Easterly Government Properties in a research note on Thursday, August 13th. Finally, Wall Street Zen raised shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $25.60.

Easterly Government Properties Stock Performance

Shares of NYSE:DEA traded up $0.13 during midday trading on Thursday, reaching $22.64. The company had a trading volume of 340,457 shares, compared to its average volume of 420,883. The stock has a market cap of $1.07 billion, a P/E ratio of 73.02 and a beta of 0.99. The company's 50 day moving average price is $23.40 and its 200 day moving average price is $23.55. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 1.26. Easterly Government Properties has a 52-week low of $20.56 and a 52-week high of $25.96.

Easterly Government Properties (NYSE:DEA - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.06. The business had revenue of $92.42 million during the quarter, compared to the consensus estimate of $90.94 million. Easterly Government Properties had a net margin of 2.86% and a return on equity of 0.75%. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 earnings per share. Easterly Government Properties has set its FY 2026 guidance at 3.070-3.130 EPS. As a group, sell-side analysts anticipate that Easterly Government Properties will post 3.10 EPS for the current fiscal year.

Institutional Investors Weigh In On Easterly Government Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new position in shares of Easterly Government Properties during the second quarter valued at approximately $43,000. Signaturefd LLC lifted its stake in shares of Easterly Government Properties by 57.7% in the 3rd quarter. Signaturefd LLC now owns 2,042 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 747 shares during the period. GAMMA Investing LLC lifted its stake in shares of Easterly Government Properties by 27.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,663 shares of the real estate investment trust's stock valued at $85,000 after purchasing an additional 780 shares during the period. State of Wyoming purchased a new stake in Easterly Government Properties in the third quarter worth $131,000. Finally, Nisa Investment Advisors LLC raised its holdings in Easterly Government Properties by 99.1% in the third quarter. Nisa Investment Advisors LLC now owns 6,245 shares of the real estate investment trust's stock worth $145,000 after purchasing an additional 3,108 shares in the last quarter. Institutional investors own 86.51% of the company's stock.

Easterly Government Properties Company Profile

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.

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