Truist Financial Issues Pessimistic Forecast for Easterly Government Properties (NYSE:DEA) Stock Price

Easterly Government Properties (NYSE:DEA) had its price target reduced by equities research analysts at Truist Financial from $25.00 to $24.00 in a report issued on Monday,Benzinga reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s target price suggests a potential upside of 9.99% from the company’s current price.

A number of other equities research analysts have also issued reports on DEA. Compass Point set a $26.45 target price on Easterly Government Properties and gave the company a “buy” rating in a research note on Wednesday, October 15th. Weiss Ratings restated a “sell (d+)” rating on shares of Easterly Government Properties in a research report on Wednesday. Finally, New Street Research set a $20.00 price objective on Easterly Government Properties in a research note on Monday, October 13th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $24.99.

Easterly Government Properties Stock Performance

DEA traded up $0.53 during trading on Monday, reaching $21.82. The company’s stock had a trading volume of 260,758 shares, compared to its average volume of 569,768. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.47 and a current ratio of 3.47. The company’s fifty day moving average price is $22.04 and its 200-day moving average price is $22.25. Easterly Government Properties has a 52-week low of $19.33 and a 52-week high of $31.77. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 71.55 and a beta of 0.94.

Easterly Government Properties (NYSE:DEA) last issued its earnings results on Monday, October 27th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.76. Easterly Government Properties had a return on equity of 1.00% and a net margin of 4.24%.The business had revenue of $86.15 million during the quarter, compared to the consensus estimate of $84.82 million. During the same period in the prior year, the business posted $0.30 EPS. The company’s revenue for the quarter 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. FY 2025 guidance at 2.980-3.020 EPS. On average, equities analysts forecast that Easterly Government Properties will post 1.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Easterly Government Properties

Hedge funds have recently made changes to their positions in the business. Nissay Asset Management Corp Japan ADV increased its stake in Easterly Government Properties by 3.2% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,197 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 465 shares during the last quarter. Arizona State Retirement System grew its holdings in Easterly Government Properties by 5.4% in the 3rd quarter. Arizona State Retirement System now owns 12,623 shares of the real estate investment trust’s stock valued at $289,000 after buying an additional 651 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Easterly Government Properties by 215.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,130 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 772 shares during the period. Abundance Wealth Counselors increased its stake in shares of Easterly Government Properties by 2.3% during the 3rd quarter. Abundance Wealth Counselors now owns 35,030 shares of the real estate investment trust’s stock valued at $803,000 after acquiring an additional 791 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of Easterly Government Properties by 1.4% during the 1st quarter. MetLife Investment Management LLC now owns 60,740 shares of the real estate investment trust’s stock worth $644,000 after acquiring an additional 812 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Easterly Government Properties Company Profile

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.