On March 28, 2023,
Compass Point
upgraded
their outlook for Easterly Government Properties (NYSE:DEA) from Neutral to Buy.
Analyst Price Forecast Suggests 19.51% Upside
As of March 29, 2023,
the average one-year price target for Easterly Government Properties is $15.13.
The forecasts range from a low of $14.14 to a high of $17.85.
The average price target represents an increase of 19.51% from its latest reported closing price of $12.66.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Easterly Government Properties
is $294MM, a decrease of 0.95%.
The projected annual non-GAAP EPS
is $0.22.
Easterly Government Properties Declares $0.26 Dividend
On February 22, 2023 the company declared a regular
quarterly dividend of $0.26 per share ($1.06 annualized).
Shareholders of record as of March 9, 2023
received the payment on March 21, 2023.
Previously, the company paid $0.26 per share.
At the current share price of $12.66 / share,
the stock’s dividend yield is 8.37%.
Looking back five years and taking a sample every week, the average dividend yield has been
5.23%,
the lowest has been 3.79%,
and the highest has been 8.37%.
The standard deviation of yields is 0.78 (n=236).
The current dividend yield is
4.03 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 3.06.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.02%,
demonstrating that it has increased its dividend over time.
What are Large Shareholders Doing?
IJR – iShares Core S&P Small-Cap ETF
holds 6,329K shares
representing 6.97% ownership of the company.
In it’s prior filing, the firm reported owning 6,154K shares, representing
an increase
of 2.77%.
The firm
decreased
its portfolio allocation in DEA by 15.34% over the last quarter.
VGSIX – Vanguard Real Estate Index Fund Investor Shares
holds 3,912K shares
representing 4.31% ownership of the company.
In it’s prior filing, the firm reported owning 3,750K shares, representing
an increase
of 4.15%.
The firm
increased
its portfolio allocation in DEA by 7.79% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 2,815K shares
representing 3.10% ownership of the company.
In it’s prior filing, the firm reported owning 2,789K shares, representing
an increase
of 0.92%.
The firm
decreased
its portfolio allocation in DEA by 15.66% over the last quarter.
Federated Hermes
holds 2,810K shares
representing 3.09% ownership of the company.
In it’s prior filing, the firm reported owning 2,772K shares, representing
an increase
of 1.35%.
The firm
decreased
its portfolio allocation in DEA by 13.43% over the last quarter.
IWM – iShares Russell 2000 ETF
holds 2,100K shares
representing 2.31% ownership of the company.
In it’s prior filing, the firm reported owning 2,008K shares, representing
an increase
of 4.40%.
The firm
decreased
its portfolio allocation in DEA by 14.28% over the last quarter.
What is the Fund Sentiment?
There are 531 funds or institutions reporting positions in Easterly Government Properties.
This is an increase
of
1
owner(s) or 0.19% in the last quarter.
Average portfolio weight of all funds dedicated to DEA is 0.13%,
a decrease
of 13.10%.
Total shares owned by institutions increased
in the last three months by 2.99% to 89,797K shares.
The put/call ratio of DEA is 0.76, indicating a
bullish
outlook.
Easterly Government Properties Background Information
(This description is provided by the company.)
Easterly Government Properties, Inc. is based in Washington, D.C., 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. Government agencies for properties leased through the U.S. General Services Administration (GSA).
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
