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 twelve months. There are currently 1 sell rating and 5 hold ratings 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 brokers have issued 1-year price objectives 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 23.5% from the stock's current price.
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Easterly Government Properties' stock was trading at $14.27 on January 1st, 2023. Since then, DEA shares have decreased by 6.9% and is now trading at $13.29.
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Easterly Government Properties saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 7,340,000 shares, a decrease of 8.1% from the February 13th total of 7,990,000 shares. Based on an average trading volume of 857,500 shares, the days-to-cover ratio is currently 8.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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Easterly Government Properties, Inc. (NYSE:DEA) issued its quarterly earnings results on Tuesday, May, 3rd. The real estate investment trust reported $0.08 earnings per share (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 analyst estimates of $74.73 million. Easterly Government Properties had a net margin of 10.72% and a trailing twelve-month return on equity of 2.20%. The business's revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 earnings per share.

Easterly Government Properties announced a quarterly dividend on Wednesday, February 22nd. Stockholders of record on Thursday, March 9th will be paid a dividend of $0.265 per share on Tuesday, March 21st. This represents a $1.06 annualized dividend and a yield of 7.98%. The ex-dividend date is Wednesday, March 8th.
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), 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 Financials ETF (PSCF), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).

Easterly Government Properties (NYSE:DEA) pays an annual dividend of $1.06 per share and currently has a dividend yield of 8.03%. DEA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 302.86%. 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 92.98% 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 FY23 earnings guidance on Tuesday, February, 28th. The company provided earnings per share guidance of $1.12-$1.15 for the period, compared to the consensus earnings per share estimate of $1.14.

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 initial public offering (IPO) 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 served 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 a variety of retail and institutional investors. Top institutional shareholders include GW&K Investment Management LLC (2.27%), Geode Capital Management LLC (2.09%), American Century Companies Inc. (1.86%), Palisade Capital Management LLC NJ (1.56%), Charles Schwab Investment Management Inc. (1.46%) and Dimensional Fund Advisors LP (1.30%). 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 $13.29.

Easterly Government Properties (NYSE:DEA) has a market capitalization of $1.21 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 $0.35 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.