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

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Easterly Government Properties in the last year. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" DEA shares.
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5 analysts have issued 12 month price objectives for Easterly Government Properties' shares. Their DEA share price forecasts 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 34.1% 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 23.2% and is now trading at $10.96.
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Easterly Government Properties saw a drop in short interest in September. As of September 15th, there was short interest totaling 5,210,000 shares, a drop of 5.4% from the August 31st total of 5,510,000 shares. Based on an average daily volume of 752,800 shares, the short-interest ratio is presently 6.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
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Easterly Government Properties, Inc. (NYSE:DEA) announced 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 net margin of 8.91% and a trailing twelve-month return on equity of 1.82%. Easterly Government Properties's quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share.

Easterly Government Properties declared a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.265 per share on Tuesday, August 29th. This represents a $1.06 annualized dividend and a dividend yield of 9.67%. The ex-dividend date of this dividend is Wednesday, August 16th.
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 (NYSE:DEA) pays an annual dividend of $1.06 per share and currently has a dividend yield of 9.27%. DEA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 378.57%. 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 Tuesday, August, 8th. The company provided EPS guidance of $1.13-$1.15 for the period, compared to the consensus 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 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."

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 $10.96.

Easterly Government Properties (NYSE:DEA) has a market capitalization of $1.02 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 $0.28 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.