Easterly Government Properties, Inc. (NYSE:DEA) Receives Average Rating of “Hold” from Analysts

Shares of Easterly Government Properties, Inc. (NYSE:DEA) have earned a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $23.49.

Several analysts have recently weighed in on DEA shares. Wall Street Zen downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded shares of Easterly Government Properties from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. Finally, Truist Financial reduced their price objective on shares of Easterly Government Properties from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Wednesday, March 11th.

Easterly Government Properties Stock Down 0.7%

Shares of NYSE:DEA opened at $24.99 on Wednesday. The company has a market capitalization of $1.16 billion, a PE ratio of 104.13 and a beta of 0.98. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 1.26. Easterly Government Properties has a twelve month low of $20.56 and a twelve month high of $25.26. The firm has a 50 day simple moving average of $23.66 and a 200-day simple moving average of $22.97.

Easterly Government Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.2%. The ex-dividend date was Thursday, May 7th. Easterly Government Properties’s payout ratio is currently 750.00%.

Hedge Funds Weigh In On Easterly Government Properties

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Easterly Government Properties by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 4,831,169 shares of the real estate investment trust’s stock valued at $102,372,000 after acquiring an additional 167,092 shares during the period. State Street Corp increased its holdings in shares of 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 acquiring an additional 13,200 shares during the period. Geode Capital Management LLC increased its holdings in shares of 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 acquiring an additional 9,577 shares during the period. Millennium Management LLC increased its holdings in shares of 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 acquiring an additional 946,381 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of 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 acquiring an additional 40,451 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

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.