Easterly Government Properties (NYSE:DEA) Given New $26.00 Price Target at Truist Financial

Key Points

• Truist Financial raised its price target for Easterly Government Properties from $24 to $26 while maintaining a “hold” rating, implying approximately 5% upside from the prior close.
• Analyst sentiment remains mixed but centered on “hold”: the consensus rating is “Hold,” with an average price target of $25.06. Targets from other firms range from $24 to $27.
• Easterly reported quarterly EPS of $0.06, in line with estimates, while revenue of $92.42 million exceeded expectations and increased 9.8% year over year. Institutional investors own 86.51% of the company’s shares.

Easterly Government Properties (NYSE:DEA - Get Free Report) had its price objective boosted by Truist Financial from $24.00 to $26.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "hold" rating on the real estate investment trust's stock. Truist Financial's target price would indicate a potential upside of 5.01% from the stock's previous close.

A number of other equities analysts have also commented on DEA. Royal Bank Of Canada reissued an "underperform" rating and set a $24.00 price target (up from $22.00) on shares of Easterly Government Properties in a research note on Monday. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Easterly Government Properties in a report on Monday. BMO Capital Markets reiterated a "market perform" rating and set a $27.00 target price (up from $25.00) on shares of Easterly Government Properties in a research report on Monday, August 3rd. Citigroup reissued a "neutral" rating and issued a $25.00 target price (up from $23.00) on shares of Easterly Government Properties in a report on Friday, August 7th. Finally, Wall Street Zen raised shares of Easterly Government Properties from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Easterly Government Properties currently has a consensus rating of "Hold" and an average target price of $25.06.

Easterly Government Properties Trading Down 1.4%

Easterly Government Properties stock opened at $24.76 on Thursday. The stock has a market cap of $1.17 billion, a P/E ratio of 117.91 and a beta of 0.96. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.88 and a quick ratio of 3.88. Easterly Government Properties has a 1 year low of $20.56 and a 1 year high of $25.96. The firm's 50 day moving average price is $24.79 and its 200-day moving average price is $23.71.

Easterly Government Properties (NYSE:DEA - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. Easterly Government Properties had a net margin of 2.86% and a return on equity of 0.75%. The business had revenue of $92.42 million for the quarter, compared to analysts' expectations of $90.94 million. During the same quarter in the previous year, the company earned $0.74 EPS. The business's quarterly revenue was up 9.8% compared to the same quarter last year. Easterly Government Properties has set its FY 2026 guidance at 3.070-3.130 EPS. On average, equities analysts predict that Easterly Government Properties will post 3.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DEA. AQR Capital Management LLC lifted its holdings in shares of Easterly Government Properties by 197.5% in the 1st quarter. AQR Capital Management LLC now owns 95,596 shares of the real estate investment trust's stock worth $1,013,000 after acquiring an additional 63,463 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Easterly Government Properties by 1,759.2% in the first quarter. Millennium Management LLC now owns 1,000,176 shares of the real estate investment trust's stock worth $10,602,000 after buying an additional 946,381 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Easterly Government Properties by 12,846.9% during the 1st quarter. NewEdge Advisors LLC now owns 10,487 shares of the real estate investment trust's stock worth $111,000 after acquiring an additional 10,406 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Easterly Government Properties by 1.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 714,042 shares of the real estate investment trust's stock worth $7,569,000 after acquiring an additional 7,785 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in Easterly Government Properties by 271.5% during the 1st quarter. Jane Street Group LLC now owns 115,677 shares of the real estate investment trust's stock valued at $1,226,000 after acquiring an additional 84,536 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

About Easterly Government Properties

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.

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