Wall Street brokerages expect Easterly Government Properties, Inc. (NYSE:DEA) to announce $0.32 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Easterly Government Properties’ earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.33. Easterly Government Properties reported earnings of $0.03 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 966.7%. The business is expected to announce its next quarterly earnings report on Thursday, March 1st.
On average, analysts expect that Easterly Government Properties will report full-year earnings of $1.27 per share for the current year, with EPS estimates ranging from $1.26 to $1.27. For the next financial year, analysts forecast that the firm will report earnings of $1.33 per share, with EPS estimates ranging from $1.33 to $1.34. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Easterly Government Properties.
DEA has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Wednesday, September 13th. Jefferies Group reissued a “buy” rating and set a $24.00 price objective on shares of Easterly Government Properties in a report on Tuesday, October 10th. Finally, SunTrust Banks set a $24.00 price objective on shares of Easterly Government Properties and gave the company a “buy” rating in a report on Sunday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $23.13.
Shares of Easterly Government Properties (NYSE DEA) traded down $0.51 during mid-day trading on Tuesday, hitting $21.56. The stock had a trading volume of 874,546 shares, compared to its average volume of 338,784. The firm has a market capitalization of $968.73, a P/E ratio of 17.66 and a beta of 0.57. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.26 and a current ratio of 1.26. Easterly Government Properties has a 1-year low of $19.08 and a 1-year high of $22.32.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Wednesday, December 6th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.82%. This is a positive change from Easterly Government Properties’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, December 5th. Easterly Government Properties’s dividend payout ratio is presently 1,040.00%.
A number of large investors have recently bought and sold shares of DEA. JPMorgan Chase & Co. boosted its holdings in Easterly Government Properties by 39.8% in the second quarter. JPMorgan Chase & Co. now owns 5,262,195 shares of the real estate investment trust’s stock valued at $110,243,000 after purchasing an additional 1,497,776 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Easterly Government Properties in the second quarter worth about $22,515,000. Neuberger Berman Group LLC raised its position in shares of Easterly Government Properties by 6,761.6% in the second quarter. Neuberger Berman Group LLC now owns 864,010 shares of the real estate investment trust’s stock worth $18,101,000 after acquiring an additional 851,418 shares during the period. Renaissance Technologies LLC raised its position in shares of Easterly Government Properties by 298.9% in the second quarter. Renaissance Technologies LLC now owns 926,680 shares of the real estate investment trust’s stock worth $19,414,000 after acquiring an additional 694,374 shares during the period. Finally, Westwood Holdings Group Inc. raised its position in shares of Easterly Government Properties by 35.8% in the second quarter. Westwood Holdings Group Inc. now owns 740,318 shares of the real estate investment trust’s stock worth $15,510,000 after acquiring an additional 195,240 shares during the period. 87.22% of the stock is currently owned by institutional investors.
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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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