Easterly Government Properties (DEA) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Easterly Government Properties in the last year. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" DEA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DEA, but not buy additional shares or sell existing shares.
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6 brokerages have issued 1 year target prices for Easterly Government Properties' stock. Their DEA share price forecasts range from $14.00 to $20.00. On average, they anticipate the company's share price to reach $16.42 in the next twelve months. This suggests a possible upside of 18.1% from the stock's current price.
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Easterly Government Properties' stock was trading at $14.27 at the beginning of 2023. Since then, DEA stock has decreased by 2.6% and is now trading at $13.90.
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Easterly Government Properties saw a increase in short interest in April. As of April 15th, there was short interest totaling 6,260,000 shares, an increase of 5.6% from the March 31st total of 5,930,000 shares. Based on an average trading volume of 1,100,000 shares, the short-interest ratio is currently 5.7 days.
View Easterly Government Properties' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our DEA earnings forecast.

Easterly Government Properties, Inc. (NYSE:DEA) posted its quarterly earnings data on Tuesday, May, 3rd. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.34 by $0.26. The real estate investment trust had revenue of $72.30 million for the quarter, compared to analysts' expectations of $74.73 million. Easterly Government Properties had a trailing twelve-month return on equity of 1.96% and a net margin of 9.58%. The business's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 EPS.

Easterly Government Properties declared a quarterly dividend on Wednesday, April 26th. Investors of record on Thursday, May 11th will be paid a dividend of $0.265 per share on Tuesday, May 23rd. This represents a $1.06 annualized dividend and a yield of 7.63%. The ex-dividend date of this dividend is Wednesday, May 10th.
Read our dividend analysis for DEA.

ETFs with the largest weight of Easterly Government Properties (NYSE:DEA) stock in their portfolio include Global X SuperDividend REIT ETF (SRET), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), U.S. Diversified Real Estate ETF (PPTY), Global SuperDividend US ETF (DIV), Hoya Capital High Dividend Yield ETF (RIET), ETC 6 Meridian Small Cap Equity ETF (SIXS), Invesco S&P SmallCap Low Volatility ETF (XSLV) and Invesco S&P SmallCap Financials ETF (PSCF).

Easterly Government Properties (NYSE:DEA) pays an annual dividend of $1.06 per share and currently has a dividend yield of 7.78%. DEA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 341.94%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, DEA will have a dividend payout ratio of 94.64% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for DEA.

Easterly Government Properties updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $1.12-$1.15 for the period, compared to the consensus earnings per share estimate of $1.13. The company issued revenue guidance of -.

Based on aggregate information from My MarketBeat watchlists, some companies that other Easterly Government Properties investors own include Innovative Industrial Properties (IIPR), New Residential Investment (NRZ), AT&T (T), Omega Healthcare Investors (OHI), Enterprise Products Partners (EPD), Iron Mountain (IRM), Medical Properties Trust (MPW), Starwood Property Trust (STWD), Pfizer (PFE) and Verizon Communications (VZ).

(DEA) raised $180 million in an initial public offering on Friday, February 6th 2015. The company issued 12,000,000 shares at a price of $14.00-$16.00 per share. Citigroup, Raymond James and RBC Capital Markets acted as the underwriters for the IPO and Piper Jaffray, PNC Capital Markets and SunTrust Robinson Humphrey were co-managers.

Easterly Government Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "DEA."

Easterly Government Properties' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (18.18%), State Street Corp (6.28%), Federated Hermes Inc. (2.34%), GW&K Investment Management LLC (2.27%), Geode Capital Management LLC (2.10%) and American Century Companies Inc. (1.68%). Insiders that own company stock include Darrell W Crate, Darrell W Crate and William C Trimble.
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Shares of DEA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DEA stock can currently be purchased for approximately $13.90.

Easterly Government Properties (NYSE:DEA) has a market capitalization of $1.30 billion and generates $293.61 million in revenue each year. The real estate investment trust earns $31.47 million in net income (profit) each year or $0.31 on an earnings per share basis.

Easterly Government Properties' mailing address is 2101 L STREET NW SUITE 650, WASHINGTON DC, 20037. The official website for the company is www.easterlyreit.com. The real estate investment trust can be reached via phone at (202) 595-9500 or via email at ir@easterlyreit.com.