Easterly Government Properties (NYSE:DEA) Raised to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Easterly Government Properties from “sell” to “hold,” while other analysts also moved toward neutral ratings. The stock has a consensus “Hold” rating and a $24.07 price target.
• DEA shares opened at $24.93, near their 12-month high of $25.96, with a market capitalization of approximately $1.18 billion.
• The REIT met quarterly EPS expectations at $0.06 and exceeded revenue estimates with $92.42 million, up 9.8% year over year. Institutional investors own 86.51% of the company, with several major funds recently increasing their positions.

Easterly Government Properties (NYSE:DEA - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

A number of other brokerages also recently issued reports on DEA. Weiss Ratings raised Easterly Government Properties from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, May 27th. BMO Capital Markets reaffirmed a "market perform" rating and set a $27.00 price objective (up from $25.00) on shares of Easterly Government Properties in a research note on Monday. Finally, Citigroup reaffirmed a "neutral" rating and set a $25.00 price objective (up from $23.00) on shares of Easterly Government Properties in a research note on Friday. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Easterly Government Properties has a consensus rating of "Hold" and a consensus price target of $24.07.

Easterly Government Properties Trading Up 0.2%

NYSE:DEA opened at $24.93 on Friday. The company has a market capitalization of $1.18 billion, a P/E ratio of 118.74 and a beta of 0.96. The company has a current ratio of 3.88, a quick ratio of 4.01 and a debt-to-equity ratio of 1.26. Easterly Government Properties has a 12 month low of $20.56 and a 12 month high of $25.96. The firm has a fifty day simple moving average of $24.58 and a 200-day simple moving average of $23.59.

Easterly Government Properties (NYSE:DEA - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.06 earnings per share for the quarter, meeting analysts' consensus estimates of $0.06. Easterly Government Properties had a return on equity of 0.75% and a net margin of 2.86%.The business had revenue of $92.42 million for the quarter, compared to analyst estimates of $90.94 million. During the same period in the prior year, the company earned $0.74 earnings per share. The company's revenue was up 9.8% on a year-over-year basis. Easterly Government Properties has set its FY 2026 guidance at 3.070-3.130 EPS. On average, equities research analysts anticipate that Easterly Government Properties will post 3.1 earnings per share for the current year.

Institutional Investors Weigh In On Easterly Government Properties

A number of large investors have recently made changes to their positions in DEA. AQR Capital Management LLC boosted its position in shares of Easterly Government Properties by 197.5% during the 1st quarter. AQR Capital Management LLC now owns 95,596 shares of the real estate investment trust's stock valued at $1,013,000 after acquiring an additional 63,463 shares during the last quarter. Millennium Management LLC increased its position in Easterly Government Properties by 1,759.2% during the first quarter. Millennium Management LLC now owns 1,000,176 shares of the real estate investment trust's stock worth $10,602,000 after purchasing an additional 946,381 shares during the last quarter. NewEdge Advisors LLC increased its position in 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Easterly Government Properties by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 714,042 shares of the real estate investment trust's stock worth $7,569,000 after purchasing an additional 7,785 shares during the period. Finally, Jane Street Group LLC raised its stake in Easterly Government Properties by 271.5% during the first quarter. Jane Street Group LLC now owns 115,677 shares of the real estate investment trust's stock worth $1,226,000 after purchasing an additional 84,536 shares during the period. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc is a real estate investment trust that specializes in the acquisition, development and management of commercial properties leased to U.S. government agencies. Structured as a triple-net lease REIT, the company focuses on single-tenant assets with long-term, credit-backed leases that transfer most property-level responsibilities—including taxes, insurance and maintenance—to its government tenants.

The firm’s portfolio encompasses a variety of facility types, including office buildings, training centers, laboratories and mission-critical installations used by federal agencies.

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