Easterly Government Properties Stock Price, News & Analysis (NYSE:DEA)

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Easterly Government Properties in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" DEA shares.
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5 equities research analysts have issued 12-month price targets for Easterly Government Properties' shares. Their DEA share price targets range from $13.00 to $17.00. On average, they expect the company's share price to reach $14.70 in the next year. This suggests a possible upside of 16.9% from the stock's current price.
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Easterly Government Properties' stock was trading at $14.27 at the beginning of the year. Since then, DEA stock has decreased by 11.9% and is now trading at $12.57.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
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Easterly Government Properties, Inc. (NYSE:DEA) released its quarterly earnings results on Tuesday, May, 3rd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.34 by $0.26. The real estate investment trust earned $72.30 million during the quarter, compared to analysts' expectations of $74.73 million. Easterly Government Properties had a trailing twelve-month return on equity of 2.15% and a net margin of 10.64%. The company's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 EPS.

Easterly Government Properties declared a quarterly dividend on Thursday, October 26th. Shareholders of record on Thursday, November 9th will be given a dividend of $0.265 per share on Tuesday, November 21st. This represents a $1.06 annualized dividend and a dividend yield of 8.43%. The ex-dividend date is Wednesday, November 8th.
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Easterly Government Properties (NYSE:DEA) pays an annual dividend of $1.06 per share and currently has a dividend yield of 8.65%. DEA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 321.21%. 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.

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), GraniteShares HIPS US High Income ETF (HIPS), U.S. Diversified Real Estate ETF (PPTY), Global SuperDividend US ETF (DIV), Invesco S&P SmallCap Low Volatility ETF (XSLV) and First Trust Horizon Managed Volatility Small/Mid ETF (HSMV).SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).

Easterly Government Properties issued an update on its FY23 earnings guidance on Tuesday, October, 31st. The company provided earnings per share guidance of $1.13-$1.15 for the period, compared to the consensus EPS estimate of $1.14.

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 IPO on Friday, February 6th 2015. The company issued 12,000,000 shares at $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' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (1.65%), American Century Companies Inc. (1.65%), Charles Schwab Investment Management Inc. (1.59%), Mirae Asset Global Investments Co. Ltd. (1.60%), Northern Trust Corp (1.14%) and Bank of New York Mellon Corp (1.12%). 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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