Easterly Government Properties, Inc. (NYSE:DEA) Receives $23.49 Average Price Target from Analysts

Shares of Easterly Government Properties, Inc. (NYSE:DEA) have been given an average recommendation of “Hold” by the five brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $23.49.

DEA has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Truist Financial cut their price target on shares of Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a report on Wednesday, March 11th. Royal Bank Of Canada upped their price target on shares of Easterly Government Properties from $21.00 to $22.00 and gave the stock an “underperform” rating in a report on Monday, March 2nd. Finally, Wall Street Zen downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd.

Easterly Government Properties Stock Performance

Shares of Easterly Government Properties stock opened at $24.03 on Friday. The company has a 50 day moving average of $23.33 and a 200-day moving average of $22.77. Easterly Government Properties has a 1-year low of $20.56 and a 1-year high of $24.94. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.26. The company has a market cap of $1.12 billion, a PE ratio of 100.13 and a beta of 0.98.

Easterly Government Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend was Thursday, May 7th. Easterly Government Properties’s dividend payout ratio is 750.00%.

Institutional Trading of Easterly Government Properties

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Easterly Government Properties by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 4,831,169 shares of the real estate investment trust’s stock worth $102,372,000 after acquiring an additional 167,092 shares during the period. State Street Corp lifted its stake in Easterly Government Properties by 0.5% in the 4th quarter. State Street Corp now owns 2,497,275 shares of the real estate investment trust’s stock valued at $52,917,000 after purchasing an additional 13,200 shares during the last quarter. Geode Capital Management LLC lifted its stake in Easterly Government Properties by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,139,044 shares of the real estate investment trust’s stock valued at $24,141,000 after purchasing an additional 9,577 shares during the last quarter. Millennium Management LLC lifted its stake in Easterly Government Properties by 1,759.2% in the 1st quarter. Millennium Management LLC now owns 1,000,176 shares of the real estate investment trust’s stock valued at $10,602,000 after purchasing an additional 946,381 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Easterly Government Properties by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 962,687 shares of the real estate investment trust’s stock valued at $20,399,000 after purchasing an additional 40,451 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

About Easterly Government Properties

Easterly Government Properties, Inc is a real estate investment trust that specializes in the acquisition, development and management of commercial properties leased to U.S. government agencies. Structured as a triple-net lease REIT, the company focuses on single-tenant assets with long-term, credit-backed leases that transfer most property-level responsibilities—including taxes, insurance and maintenance—to its government tenants.

The firm’s portfolio encompasses a variety of facility types, including office buildings, training centers, laboratories and mission-critical installations used by federal agencies.