Easterly Government Properties (NYSE:DEA) Raised to "Buy" at Compass Point

Key Points

• Investment analysts at Compass Point upgraded Easterly Government Properties (NYSE: DEA) from a "hold" rating to a "strong-buy" rating.
• The stock is currently priced at $22.59, with a consensus rating of "Hold" and an average target price of $26.41.
• Easterly Government Properties reported earnings of $0.74 per share for the last quarter, meeting expectations, and anticipates FY 2025 earnings per share guidance of 2.980-3.030.

Easterly Government Properties (NYSE:DEA - Get Free Report) was upgraded by equities research analysts at Compass Point from a "neutral" rating to a "buy" rating in a research report issued on Wednesday, Marketbeat reports. The brokerage presently has a $26.45 target price on the real estate investment trust's stock. Compass Point's price target would indicate a potential upside of 17.11% from the stock's previous close.

A number of other equities research analysts also recently issued reports on the stock. BMO Capital Markets upgraded shares of Easterly Government Properties from a "strong sell" rating to a "hold" rating and set a $25.00 price objective on the stock in a research note on Wednesday, July 16th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Easterly Government Properties in a research note on Wednesday, October 8th. Finally, New Street Research set a $20.00 target price on shares of Easterly Government Properties in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Easterly Government Properties currently has an average rating of "Hold" and an average target price of $26.41.

Easterly Government Properties Price Performance

NYSE:DEA opened at $22.59 on Wednesday. The company has a 50-day moving average of $22.59 and a 200-day moving average of $22.30. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 55.09 and a beta of 0.95. Easterly Government Properties has a 52 week low of $19.33 and a 52 week high of $36.31. The company has a debt-to-equity ratio of 1.24, a quick ratio of 3.75 and a current ratio of 3.75.

Easterly Government Properties (NYSE:DEA - Get Free Report) last announced its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, hitting analysts' consensus estimates of $0.74. Easterly Government Properties had a net margin of 5.54% and a return on equity of 1.26%. The company had revenue of $80.37 million during the quarter, compared to the consensus estimate of $81.73 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The company's revenue was up 10.5% on a year-over-year basis. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. As a group, equities research analysts anticipate that Easterly Government Properties will post 1.17 earnings per share for the current fiscal year.

Institutional Trading of Easterly Government Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in Easterly Government Properties by 215.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 772 shares during the last quarter. Allworth Financial LP lifted its holdings in 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 acquiring an additional 1,229 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Easterly Government Properties during the 1st quarter worth approximately $109,000. NewEdge Advisors LLC increased its position in shares of Easterly Government Properties by 12,846.9% during the first quarter. NewEdge Advisors LLC now owns 10,487 shares of the real estate investment trust's stock worth $111,000 after purchasing an additional 10,406 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Easterly Government Properties in the 1st quarter valued at $120,000. Hedge funds and other institutional investors own 86.51% of the company's stock.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc NYSE: DEA is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.