Easterly Government Properties (DEA) & Its Peers Critical Analysis

Easterly Government Properties (NYSE: DEA) is one of 13 public companies in the “Commercial REITs – NEC” industry, but how does it contrast to its peers? We will compare Easterly Government Properties to related businesses based on the strength of its earnings, analyst recommendations, dividends, profitability, institutional ownership, valuation and risk.

Institutional and Insider Ownership

85.4% of Easterly Government Properties shares are held by institutional investors. Comparatively, 68.7% of shares of all “Commercial REITs – NEC” companies are held by institutional investors. 15.6% of Easterly Government Properties shares are held by insiders. Comparatively, 12.0% of shares of all “Commercial REITs – NEC” companies are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Earnings & Valuation

This table compares Easterly Government Properties and its peers top-line revenue, earnings per share and valuation.

Gross Revenue NetIncome Price/Earnings Ratio
Easterly Government Properties $104.62 million $3.41 million 208.20
Easterly Government Properties Competitors $297.04 million $45.53 million -9.54

Easterly Government Properties’ peers have higher revenue and earnings than Easterly Government Properties. Easterly Government Properties is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Profitability

This table compares Easterly Government Properties and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Easterly Government Properties 3.12% 0.54% 0.32%
Easterly Government Properties Competitors 20.00% 3.12% 1.63%

Dividends

Easterly Government Properties pays an annual dividend of $1.00 per share and has a dividend yield of 4.8%. Easterly Government Properties pays out 1,000.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Commercial REITs – NEC” companies pay a dividend yield of 3.6% and pay out 366.8% of their earnings in the form of a dividend.

Analyst Recommendations

This is a summary of current recommendations and price targets for Easterly Government Properties and its peers, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Easterly Government Properties 0 1 1 0 2.50
Easterly Government Properties Competitors 80 321 211 1 2.22

Easterly Government Properties presently has a consensus target price of $22.25, indicating a potential upside of 6.87%. As a group, “Commercial REITs – NEC” companies have a potential upside of 4.66%. Given Easterly Government Properties’ stronger consensus rating and higher probable upside, research analysts plainly believe Easterly Government Properties is more favorable than its peers.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc. is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA). The operations of the Company are carried on primarily through Easterly Government Properties, LP and the subsidiaries of the Operating Partnership. As of December 31, 2016, it had 43 operating properties in the United States, including 40 operating properties that are leased primarily to the United States Government tenant agencies and three operating properties that are entirely leased to private tenants, encompassing approximately 3.1 million square feet in the aggregate. In addition, the Company had one property under development encompassing approximately 0.1 million square feet as of December 31, 2016.

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