Easterly Government Properties, Inc. (NYSE:DEA) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Analyst consensus is “Hold”: Seven brokerages cover Easterly Government Properties, with four hold, two buy, and one sell ratings. The average 12-month price target is $25.06, versus a share price of $23.89.
• Quarterly results met expectations: The REIT reported adjusted EPS of $0.06, in line with estimates, while revenue rose 9.8% year over year to $92.42 million. Full-year EPS guidance is $3.07–$3.13.
• Dividend yield is high, but the payout ratio is elevated: The company paid a quarterly dividend of $0.45 per share, or $1.80 annualized, representing a 7.5% yield and an 857.14% payout ratio. Institutional investors and hedge funds own 86.51% of the stock.

Shares of Easterly Government Properties, Inc. (NYSE:DEA - Get Free Report) have been given a consensus rating of "Hold" by the seven ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $25.0643.

DEA has been the topic of a number of recent analyst reports. Citigroup reissued a "neutral" rating and issued a $25.00 price objective (up from $23.00) on shares of Easterly Government Properties in a research note on Friday, August 7th. Truist Financial raised their target price on Easterly Government Properties from $24.00 to $26.00 and gave the company a "hold" rating in a report on Thursday, August 27th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Easterly Government Properties in a research note on Monday, August 24th. 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 report on Monday, August 24th. Finally, Raymond James Financial restated an "outperform" rating and set a $27.00 price objective on shares of Easterly Government Properties in a research report on Thursday, August 13th.

Easterly Government Properties Trading Down 0.0%

DEA opened at $23.89 on Monday. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 113.74 and a beta of 0.98. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.26. Easterly Government Properties has a twelve month low of $20.56 and a twelve month high of $25.96. The company has a 50-day simple moving average of $24.75 and a 200 day simple moving average of $23.74.

Easterly Government Properties (NYSE:DEA - Get Free Report) last released its earnings results on Monday, August 3rd. The real estate investment trust reported $0.06 EPS for the quarter, meeting 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 firm had revenue of $92.42 million for the quarter, compared to analyst estimates of $90.94 million. During the same period last year, the firm 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. Analysts predict that Easterly Government Properties will post 3.09 EPS for the current fiscal year.

Easterly Government Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, August 10th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.80 annualized dividend and a yield of 7.5%. Easterly Government Properties's payout ratio is presently 857.14%.

Institutional Investors Weigh In On Easterly Government Properties

Hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its holdings in shares of Easterly Government Properties by 215.6% during 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 purchasing an additional 772 shares during the last quarter. Parallel Advisors LLC boosted its position in Easterly Government Properties by 318.2% in the third quarter. Parallel Advisors LLC now owns 1,334 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 1,015 shares in the last quarter. Colonial Trust Co SC acquired a new stake in Easterly Government Properties in the fourth quarter valued at approximately $34,000. Integrated Wealth Concepts LLC bought a new stake in shares of Easterly Government Properties during the second quarter worth $43,000. Finally, US Bancorp DE grew its stake in shares of Easterly Government Properties by 237.9% during the third quarter. US Bancorp DE now owns 1,757 shares of the real estate investment trust's stock worth $40,000 after buying an additional 1,237 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc NYSE: DEA is a real estate investment trust focused on acquiring, developing, owning and managing office properties leased primarily to the U.S. government and its agencies. The company targets properties that support essential government functions and typically seeks locations with strong tenant demand, long-term leases and specialized infrastructure.

Its portfolio includes office and other facilities occupied by federal agencies, including healthcare-related and mission-critical government users.

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