Easterly Government Properties (NYSE:DEA) Earns "Hold (C-)" Rating from Weiss Ratings

Key Points

• Easterly Government Properties has received a "Hold (C-)" rating from Weiss Ratings, indicating a neutral outlook on its stock.
• BMO Capital Markets upgraded the stock from a "strong sell" to a "hold" rating with a target price set at $25.00, while the consensus price target is $27.15.
• The real estate investment trust reported earnings of $0.74 per share, matching consensus estimates, while revenue rose by 10.5% year-over-year to $80.37 million.

Easterly Government Properties (NYSE:DEA - Get Free Report)'s stock had its "hold (c-)" rating reiterated by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, BMO Capital Markets upgraded shares of Easterly Government Properties from a "strong sell" rating to a "hold" rating and set a $25.00 target price for the company in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $27.15.

Easterly Government Properties Stock Down 0.2%

DEA traded down $0.05 during trading on Wednesday, hitting $21.86. The company had a trading volume of 493,776 shares, compared to its average volume of 482,794. The company has a market cap of $991.35 million, a PE ratio of 53.32 and a beta of 0.95. The business has a 50-day moving average of $22.63 and a 200-day moving average of $22.46. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.75 and a quick ratio of 3.75. Easterly Government Properties has a 1-year low of $19.33 and a 1-year high of $36.31.

Easterly Government Properties (NYSE:DEA - Get Free Report) last released its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.74 earnings per share 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 firm had revenue of $80.37 million during the quarter, compared to analyst estimates of $81.73 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. Easterly Government Properties has set its FY 2025 guidance at 2.980-3.030 EPS. As a group, analysts forecast that Easterly Government Properties will post 1.17 earnings per share for the current year.

Institutional Investors Weigh In On Easterly Government Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its holdings 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 worth $25,000 after buying an additional 772 shares during the last quarter. Allworth Financial LP increased 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 worth $39,000 after buying an additional 1,229 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Easterly Government Properties in the first quarter worth approximately $109,000. NewEdge Advisors LLC increased its holdings in Easterly Government Properties by 12,846.9% in the first quarter. NewEdge Advisors LLC now owns 10,487 shares of the real estate investment trust's stock worth $111,000 after buying an additional 10,406 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Easterly Government Properties in the first quarter worth approximately $120,000. 86.51% of the stock is owned by institutional investors and hedge funds.

About Easterly Government Properties

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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