Analysts predict that Easterly Government Properties Inc (NYSE:DEA) will report earnings per share of $0.32 for the current quarter, Zacks reports. Three analysts have made estimates for Easterly Government Properties’ earnings. The highest EPS estimate is $0.33 and the lowest is $0.32. Easterly Government Properties posted earnings of $0.31 per share in the same quarter last year, which would suggest a positive year over year growth rate of 3.2%. The business is expected to issue its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that Easterly Government Properties will report full year earnings of $1.33 per share for the current fiscal year, with EPS estimates ranging from $1.33 to $1.34. For the next fiscal year, analysts forecast that the firm will post earnings of $1.41 per share, with EPS estimates ranging from $1.40 to $1.42. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Easterly Government Properties.
Easterly Government Properties (NYSE:DEA) last released its earnings results on Thursday, March 1st. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.29). The company had revenue of $36.33 million during the quarter, compared to analyst estimates of $35.83 million. Easterly Government Properties had a return on equity of 0.54% and a net margin of 3.05%.
DEA has been the subject of a number of recent analyst reports. SunTrust Banks set a $24.00 target price on shares of Easterly Government Properties and gave the stock a “buy” rating in a research note on Sunday, December 17th. Zacks Investment Research upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th.
DEA stock traded up $0.04 during trading on Friday, reaching $20.33. The company had a trading volume of 492,015 shares, compared to its average volume of 449,991. The stock has a market capitalization of $919.60, a PE ratio of 16.13 and a beta of 0.48. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.73. Easterly Government Properties has a twelve month low of $19.03 and a twelve month high of $22.32.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Tuesday, March 13th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend was Monday, March 12th. Easterly Government Properties’s payout ratio is 82.54%.
In other Easterly Government Properties news, CAO Alison M. Bernard acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was acquired at an average cost of $19.75 per share, for a total transaction of $39,500.00. Following the purchase, the chief accounting officer now owns 501 shares in the company, valued at approximately $9,894.75. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 15.60% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in Easterly Government Properties during the 4th quarter valued at approximately $108,000. LS Investment Advisors LLC acquired a new stake in Easterly Government Properties during the 4th quarter valued at approximately $142,000. QS Investors LLC acquired a new stake in Easterly Government Properties during the 4th quarter valued at approximately $149,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in Easterly Government Properties by 72.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,582 shares of the real estate investment trust’s stock valued at $177,000 after acquiring an additional 3,609 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in shares of Easterly Government Properties during the 4th quarter valued at approximately $186,000. Institutional investors and hedge funds own 99.58% of the company’s stock.
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About Easterly Government Properties
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).
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