Easterly Government Properties, Inc. (NYSE:DEA) Stock Rated "Hold" by Sell-Side Brokerages

Key Points

• Analysts maintain a “Hold” consensus on Easterly Government Properties, with four hold, two buy and one sell rating; the average 12-month price target is $25.06.
• Institutional investors and hedge funds own 86.51% of the company, with several major investors recently increasing their positions or initiating stakes.
• The stock recently traded at $23.24 and pays a quarterly dividend of $0.45 per share, representing a 7.7% annualized yield; quarterly revenue rose 9.8% year over year while adjusted EPS matched estimates at $0.06.

Shares of Easterly Government Properties, Inc. (NYSE:DEA - Get Free Report) have been given an average recommendation of "Hold" by the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $25.06.

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a "hold (c-)" rating on shares of Easterly Government Properties in a research report on Monday, August 24th. Truist Financial raised their target price on shares of Easterly Government Properties from $24.00 to $26.00 and gave the stock a "hold" rating in a research report on Thursday, August 27th. Wall Street Zen upgraded Easterly Government Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. BMO Capital Markets reissued a "market perform" rating and set a $27.00 price target (up from $25.00) on shares of Easterly Government Properties in a research note on Monday, August 3rd. Finally, 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.

Hedge Funds Weigh In On Easterly Government Properties

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in shares of Easterly Government Properties by 198.6% in the 1st quarter. Renaissance Technologies LLC now owns 73,466 shares of the real estate investment trust's stock worth $1,574,000 after buying an additional 48,866 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Easterly Government Properties during the second quarter valued at about $2,339,000. Quantinno Capital Management LP increased its stake in Easterly Government Properties by 392.6% during the first quarter. Quantinno Capital Management LP now owns 129,542 shares of the real estate investment trust's stock worth $2,776,000 after acquiring an additional 103,247 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Easterly Government Properties by 39.7% in the 1st quarter. Bank of America Corp DE now owns 150,221 shares of the real estate investment trust's stock worth $3,219,000 after purchasing an additional 42,704 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Easterly Government Properties in the 2nd quarter worth about $7,237,000. Institutional investors and hedge funds own 86.51% of the company's stock.

Easterly Government Properties Stock Up 1.1%

Shares of NYSE:DEA opened at $23.24 on Friday. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $1.10 billion, a P/E ratio of 110.67 and a beta of 0.99. Easterly Government Properties has a 52-week low of $20.56 and a 52-week high of $25.96. The stock's fifty day simple moving average is $24.04 and its 200-day simple moving average is $23.81.

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 EPS for the quarter, hitting analysts' consensus estimates of $0.06. The firm had revenue of $92.42 million during the quarter, compared to analysts' expectations of $90.94 million. Easterly Government Properties had a return on equity of 0.75% and a net margin of 2.86%.The firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 EPS. Easterly Government Properties has set its FY 2026 guidance at 3.070-3.130 EPS. As a group, equities research analysts forecast that Easterly Government Properties will post 3.09 earnings per share for the current fiscal year.

Easterly Government Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.7%. The ex-dividend date was Monday, August 10th. Easterly Government Properties's dividend payout ratio is presently 857.14%.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc is a real estate investment trust (REIT) that owns, acquires, develops and manages properties leased primarily to the U.S. government. The company focuses on facilities considered essential to federal agencies' operations, including medical office buildings, outpatient clinics, laboratories, administrative offices and other specialized properties.

Many of Easterly's properties are leased to federal agencies through the U.S. General Services Administration, as well as directly to government agencies.

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