Is Easterly Government Properties, Inc. overvalued or undervalued?

As of 9 May 2016, the valuation grade for Easterly Government Properties, Inc. moved from risky to very attractive. The company is currently considered undervalued, particularly in light of its P/E ratio of 58, which, while high, is significantly better than peers like The GEO Group, Inc. at 31.10 and Alexander & Baldwin, Inc. at 20.01. Additionally, the EV to EBITDA ratio stands at 5.59, indicating a favorable valuation compared to the industry average.
Easterly's Price to Book Value is 0.75, which suggests that the stock is trading below its book value, reinforcing its undervalued status. The company’s dividend yield is exceptionally high at 1849.80%, although this figure may warrant further investigation due to its unusual nature. In comparison to the S&P 500, Easterly has underperformed over various time frames, with a year-to-date return of -20.28% versus the S&P 500's 2.44%, highlighting the potential for recovery as the market reassesses its valuation.