Brokerages Set Easterly Government Properties, Inc. (NYSE:DEA) Target Price at $24.99

by · The Cerbat Gem

Easterly Government Properties, Inc. (NYSE:DEA – Get Free Report) has been given a consensus rating of “Hold” by the six brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $24.9917.

Several research firms have recently issued reports on DEA. New Street Research set a $20.00 price objective on shares of Easterly Government Properties in a report on Monday, October 13th. Compass Point set a $26.45 target price on shares of Easterly Government Properties and gave the company a “buy” rating in a report on Wednesday, October 15th. Truist Financial dropped their price objective on Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating on the stock in a report on Monday, November 24th. Finally, Weiss Ratings downgraded Easterly Government Properties from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 8th.

Check Out Our Latest Stock Report on Easterly Government Properties

Institutional Trading of Easterly Government Properties

A number of institutional investors and hedge funds have recently bought and sold shares of DEA. Vanguard Group Inc. increased its position in shares of Easterly Government Properties by 0.6% during the first quarter. Vanguard Group Inc. now owns 11,221,717 shares of the real estate investment trust’s stock worth $118,950,000 after acquiring an additional 62,164 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Easterly Government Properties by 25.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,339,515 shares of the real estate investment trust’s stock valued at $24,799,000 after purchasing an additional 478,037 shares during the period. Invesco Ltd. raised its position in Easterly Government Properties by 2.9% in the 1st quarter. Invesco Ltd. now owns 2,116,599 shares of the real estate investment trust’s stock valued at $22,436,000 after purchasing an additional 60,351 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Easterly Government Properties by 1.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,001,924 shares of the real estate investment trust’s stock valued at $21,220,000 after purchasing an additional 26,596 shares during the period. Finally, Foresight Group Ltd Liability Partnership increased its stake in Easterly Government Properties by 0.9% in the 1st quarter. Foresight Group Ltd Liability Partnership now owns 1,012,520 shares of the real estate investment trust’s stock valued at $10,705,000 after buying an additional 8,900 shares during the period. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Easterly Government Properties Trading Up 2.4%

Shares of NYSE DEA opened at $22.44 on Friday. The business has a fifty day moving average price of $21.69 and a 200 day moving average price of $22.32. Easterly Government Properties has a 1-year low of $19.33 and a 1-year high of $29.88. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.47 and a quick ratio of 3.47. The stock has a market capitalization of $1.03 billion, a P/E ratio of 73.57 and a beta of 0.96.

Easterly Government Properties (NYSE:DEA – Get Free Report) last released its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Easterly Government Properties had a net margin of 4.24% and a return on equity of 1.00%. The business had revenue of $86.15 million during the quarter, compared to analyst estimates of $84.82 million. During the same period in the prior year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Easterly Government Properties has set its FY 2026 guidance at 3.050-3.120 EPS and its FY 2025 guidance at 2.980-3.020 EPS. Equities research analysts expect that Easterly Government Properties will post 1.17 EPS for the current fiscal year.

Easterly Government Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Friday, November 7th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, November 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.0%. Easterly Government Properties’s dividend payout ratio (DPR) is currently 600.00%.

About Easterly Government Properties

(Get Free Report)

Easterly Government Properties, Inc (NYSE: DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.

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