Easterly Government Properties, Inc. (NYSE:DEA) Receives Consensus Recommendation of "Hold" from Analysts

Easterly Government Properties, Inc. (NYSE:DEA - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $27.15.

Several equities analysts recently weighed in on DEA shares. Wall Street Zen lowered Easterly Government Properties from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Royal Bank Of Canada cut their price objective on Easterly Government Properties from $27.50 to $22.00 and set an "underperform" rating for the company in a research report on Monday, June 2nd. Finally, BMO Capital Markets upgraded Easterly Government Properties from a "strong sell" rating to a "hold" rating and set a $25.00 target price on the stock in a research report on Wednesday, July 16th.

Institutional Investors Weigh In On Easterly Government Properties

Several institutional investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its holdings in shares of Easterly Government Properties by 249.2% during the second quarter. Thrivent Financial for Lutherans now owns 254,659 shares of the real estate investment trust's stock valued at $5,653,000 after acquiring an additional 181,732 shares during the last quarter. TT Capital Management LLC purchased a new stake in shares of Easterly Government Properties during the second quarter worth approximately $357,000. Tower Research Capital LLC TRC raised its stake in Easterly Government Properties by 212.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,131 shares of the real estate investment trust's stock valued at $203,000 after purchasing an additional 6,209 shares during the last quarter. AXA S.A. purchased a new position in Easterly Government Properties in the 2nd quarter valued at $2,084,000. Finally, Kennedy Capital Management LLC acquired a new stake in Easterly Government Properties during the 2nd quarter worth $5,124,000. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Easterly Government Properties Price Performance

NYSE:DEA opened at $22.90 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.75 and a quick ratio of 3.75. The company has a 50 day moving average price of $22.69 and a 200-day moving average price of $22.63. Easterly Government Properties has a 1-year low of $19.33 and a 1-year high of $36.31. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 55.86 and a beta of 0.96.

Easterly Government Properties (NYSE:DEA - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.74 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $81.73 million. During the same quarter last year, the business earned $0.29 earnings per share. The firm'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. Equities research analysts forecast that Easterly Government Properties will post 1.17 EPS for the current year.

Easterly Government Properties Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Wednesday, August 13th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.9%. Easterly Government Properties's payout ratio is currently 439.02%.

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.

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