Easterly Government Properties (NYSE:DEA) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Easterly Government Properties from "hold" to "sell," while overall analyst coverage remains an average "Hold" with an average price target of $23.49 (1 buy, 3 holds, 1 sell).
• The REIT reported a sharp quarterly EPS miss of $0.10 vs. $0.77 expected, with revenue roughly in line at $87.04 million, and set FY2026 guidance of 3.050–3.120 EPS (analysts expect ~3.1).
• Shares trade around $23.59 with a $1.10 billion market cap and a high PE of 98.29, and institutional investors own about 86.51% of the stock (Vanguard and State Street are top holders).

Easterly Government Properties (NYSE:DEA - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Several other research analysts also recently commented on the stock. Royal Bank Of Canada raised their price target on shares of Easterly Government Properties from $21.00 to $22.00 and gave the stock an "underperform" rating in a research note on Monday, March 2nd. Truist Financial reduced their price target on shares of Easterly Government Properties from $25.00 to $24.00 and set a "hold" rating on the stock in a research note on Wednesday, March 11th. Finally, Weiss Ratings raised shares of Easterly Government Properties from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, March 6th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $23.49.

Easterly Government Properties Trading Up 0.8%

DEA stock opened at $23.59 on Friday. The company has a market capitalization of $1.10 billion, a PE ratio of 98.29 and a beta of 0.98. Easterly Government Properties has a 12 month low of $19.82 and a 12 month high of $24.94. The firm's 50-day moving average is $22.65 and its 200 day moving average is $22.36. The company has a debt-to-equity ratio of 1.26, a current ratio of 4.01 and a quick ratio of 3.87.

Easterly Government Properties (NYSE:DEA - Get Free Report) last posted its quarterly earnings results on Monday, February 23rd. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.67). The company had revenue of $87.04 million during the quarter, compared to analysts' expectations of $87.73 million. Easterly Government Properties had a return on equity of 0.82% and a net margin of 3.22%.The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 EPS. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS. On average, research analysts anticipate that Easterly Government Properties will post 3.1 EPS for the current year.

Institutional Investors Weigh In On Easterly Government Properties

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Easterly Government Properties by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 4,831,169 shares of the real estate investment trust's stock valued at $102,372,000 after purchasing an additional 167,092 shares in the last quarter. State Street Corp raised its holdings in shares of Easterly Government Properties by 0.5% in the 4th quarter. State Street Corp now owns 2,497,275 shares of the real estate investment trust's stock valued at $52,917,000 after purchasing an additional 13,200 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Easterly Government Properties by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,139,044 shares of the real estate investment trust's stock worth $24,141,000 after buying an additional 9,577 shares during the last quarter. Millennium Management LLC grew its position in shares of Easterly Government Properties by 1,759.2% in the 1st quarter. Millennium Management LLC now owns 1,000,176 shares of the real estate investment trust's stock worth $10,602,000 after buying an additional 946,381 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Easterly Government Properties by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 962,687 shares of the real estate investment trust's stock worth $20,399,000 after acquiring an additional 40,451 shares in the last quarter. Institutional investors own 86.51% of the company's stock.

About Easterly Government Properties

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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