Easterly Government Properties, the Real Estate sector company, was revisited by a Wall Street analyst today. Analyst John Kim from BMO Capital maintained a Hold rating on the stock and has a $25.00 price target.
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John Kim has given his Hold rating due to a combination of factors surrounding Easterly Government Properties’ recent performance and future outlook. The company’s third-quarter results slightly surpassed expectations, yet the guidance for 2025 was adjusted downward, indicating a modest growth trajectory. Additionally, the introduction of 2026 guidance fell short of consensus estimates, suggesting challenges in achieving the company’s growth targets.
Despite some positive developments, such as successful share issuance and diversification of its tenant mix, there are notable concerns. Increased property-level expenses and a rise in lease expirations contribute to a cautious outlook. Furthermore, the impact of higher operational and development costs, along with a recorded impairment loss, underscores the need for a balanced perspective, justifying the Hold rating.
Kim covers the Real Estate sector, focusing on stocks such as Plymouth Industrial Reit, BXP, and Rexford Industrial Realty. According to TipRanks, Kim has an average return of -0.5% and a 46.57% success rate on recommended stocks.
In another report released on October 24, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $24.00 price target.