Easterly Government Properties - DEA Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Easterly Government Properties in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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 analysts have issued twelve-month price targets for Easterly Government Properties' stock. Their DEA share price forecasts range from $20.00 to $25.00. On average, they expect the company's stock price to reach $21.80 in the next year. This suggests a possible upside of 38.3% from the stock's current price.
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Easterly Government Properties' stock was trading at $22.92 on January 1st, 2022. Since then, DEA shares have decreased by 31.2% and is now trading at $15.76.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
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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 earnings per share for the quarter, missing analysts' consensus estimates 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 2.07% and a net margin of 10.27%. Easterly Government Properties's revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 earnings per share.

Easterly Government Properties declared a quarterly dividend on Thursday, July 28th. Stockholders of record on Thursday, August 11th will be given a dividend of $0.265 per share on Tuesday, August 23rd. This represents a $1.06 annualized dividend and a dividend yield of 6.73%. The ex-dividend date of this dividend is Wednesday, August 10th.
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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 6.70%. DEA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 321.22%. 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 76.81% in the coming year. This indicates that the company may not be able to sustain their current dividend.
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Easterly Government Properties updated its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of $1.34-$1.36 for the period. 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 (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 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 State Street Corp (6.24%), Federated Hermes Inc. (2.90%), FMR LLC (1.37%), Northern Trust Corp (1.26%), Victory Capital Management Inc. (1.18%) and Tributary Capital Management LLC (0.98%). Insiders that own company stock include Alison M Bernard, Darrell W Crate, Darrell W Crate, James E Mead 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 $15.76.

Easterly Government Properties (NYSE:DEA) has a market capitalization of $1.43 billion and generates $274.86 million in revenue each year. The real estate investment trust earns $30.06 million in net income (profit) each year or $0.33 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.