DEA

Easterly Government Properties
DEA

$13.61

1.02%

Market Cap: $1.4B

About: Easterly Government Properties Inc is a real estate investment trust. It is engaged in the acquisition, development, and management of Class A commercial properties that are leased to U.S. government agencies. The company generates all its revenue by leasing its properties to such agencies.

Employees: 56

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

240% more call options, than puts

Call options by funds: $3.04M | Put options by funds: $893K

100% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]

56% more repeat investments, than reductions

Existing positions increased: 112 | Existing positions reduced: 72

3% more capital invested

Capital invested by funds: $935M [Q1] → $963M (+$28.2M) [Q2]

4% less funds holding

Funds holding: 267 [Q1] → 257 (-10) [Q2]

26% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 38

255.7% less ownership

Funds ownership: 331.59% [Q1] → 75.89% (-255.7%) [Q2]

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$14

3%

upside

Avg. target

$14

3%

upside

High target

$14

3%

upside

1 analyst rating

0 positive

0%

1 neutral

100%

0 negative

0%

Truist Securities

Michael Lewis

84% 1-year accuracy

31 / 37 met price target

3%upside

$14

Hold

Maintained

29 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 9 articles about DEA published over the past 30 days

Wall Street's Most Accurate Analysts Spotlight On 3 Real Estate Stocks With Over 7% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Spotlight On 3 Real Estate Stocks With Over 7% Dividend Yields

Easterly Government Properties: 8% Dividend Yield And Increased Investment Activity; Potential Attractive Opportunity

Easterly Government Properties benefits from anticipated lower interest rates, enhancing their growth potential and investment activity, despite an elevated payout ratio above 100%. With increased investment activity, the REIT may be able to cover its dividend in the near to medium term. Recent acquisitions, including major government-adjacent acquisitions to investment-rated companies like Northrop Grumman, and a solid balance sheet position DEA for potential upside, along with a strong pipeline of future deals.

Easterly Government Properties: 8% Dividend Yield And Increased Investment Activity; Potential Attractive Opportunity

Zacks Investment Research

Easterly Government Expands Portfolio With Strategic Acquisitions

Easterly Government's buyout of a facility adjacent to the Wright-Patterson Air Force Base is likely to ensure a steady stream of rental revenues for a long period.

Easterly Government Expands Portfolio With Strategic Acquisitions

Easterly Government Properties: Become The Landlord Of The US Government With An 8% Dividend Yield

Easterly Government Properties focuses on high-quality, government-leased Class A properties, ensuring stable cash flows and high occupancy rates. DEA's recent acquisitions and quarterly performance indicate decent FFO growth potential, with a steady 8% dividend yield that appears safe. Despite balance sheet risks, DEA's valuation is compelling trading below REIT peers, and so it offers a significant buying opportunity.

Easterly Government Properties: Become The Landlord Of The US Government With An 8% Dividend Yield

The September Swoon

U.S. equity markets posted their worst week since March 2023 while benchmark interest rates tumbled to eighteen-month lows after employment data indicated a further cooling in economic momentum. Among several disappointing reports, BLS Nonfarm Payrolls data showed that the U.S. economy added just 142k jobs in August, while prior months were again revised sharply lower. Snapping a four-week winning streak that lifted the major benchmark to the cusp of record highs, the S&P 500 tumbled 4.1% this week. Technology stocks dragged on the downside.

The September Swoon

Easterly Government Properties Acquires 99,246 SF Facility Adjacent to Wright-Patterson Air Force Base and Occupied by Northrop Grumman Systems Corporation

WASHINGTON--(BUSINESS WIRE)--Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government and its adjacent partners, announced today that it has acquired a 99,246 square foot facility 100% leased to Northrop Grumman Systems Corporation (NYSE: NOC, S&P: BBB+), a multinational aerospace and defense co.

Easterly Government Properties Acquires 99,246 SF Facility Adjacent to Wright-Patterson Air Force Base and Occupied by Northrop Grumman Systems Corporation

Easterly Government Properties Completes Acquisition of VA - Jacksonville, the Final Acquisition of the 10 Properties in the VA Portfolio

WASHINGTON--(BUSINESS WIRE)--Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that it has, through its joint venture (“JV”), completed the acquisition of the previously announced 193,100 leased square foot outpatient facility leased to the Department of Veterans Affairs (VA) located in Jacksonville, Flor.

Easterly Government Properties Completes Acquisition of VA - Jacksonville, the Final Acquisition of the 10 Properties in the VA Portfolio

Wall Street's Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 7% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 7% Dividend Yields

Jerome Powell Just Launched REIT Season, Here Are 3 Top Buys

Mr. Powell and I rarely see eye to eye. I've usually been right. REITs are set for a bullish trend with the Fed expected to cut rates, offering attractive valuations and growth potential. Here are 3 top picks ranging from low to high yield.

Jerome Powell Just Launched REIT Season, Here Are 3 Top Buys

The Motley Fool

Prediction: These 2 Boring Stocks Will Outperform Nvidia Through 2025

Nvidia and other megacap tech stocks have performed tremendously well. However, the expected falling-rate environment could be a big catalyst for real estate investment trusts, or REITs.

Prediction: These 2 Boring Stocks Will Outperform Nvidia Through 2025

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