Equities analysts expect Easterly Government Properties Inc (NYSE:DEA) to report sales of $37.88 million for the current quarter, Zacks reports. Three analysts have made estimates for Easterly Government Properties’ earnings, with the highest sales estimate coming in at $38.76 million and the lowest estimate coming in at $36.60 million. Easterly Government Properties posted sales of $29.89 million in the same quarter last year, which suggests a positive year over year growth rate of 26.7%. The company is expected to issue its next earnings report on Tuesday, May 8th.
On average, analysts expect that Easterly Government Properties will report full-year sales of $37.88 million for the current year, with estimates ranging from $161.20 million to $168.91 million. For the next financial year, analysts anticipate that the business will post sales of $201.20 million per share, with estimates ranging from $193.60 million to $208.54 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Easterly Government Properties.
Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Thursday, March 1st. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.29). The company had revenue of $36.33 million during the quarter, compared to the consensus estimate of $35.83 million. Easterly Government Properties had a net margin of 3.05% and a return on equity of 0.54%.
DEA has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Monday, December 25th. SunTrust Banks reiterated a “buy” rating and issued a $23.00 price objective on shares of Easterly Government Properties in a report on Monday, January 22nd.
In related news, CAO Alison M. Bernard acquired 2,000 shares of the firm’s stock in a transaction dated 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 completion of the acquisition, the chief accounting officer now directly owns 501 shares of the company’s stock, valued at approximately $9,894.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 15.60% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Easterly Government Properties by 138.1% during the fourth quarter. BlackRock Inc. now owns 6,820,090 shares of the real estate investment trust’s stock valued at $145,541,000 after purchasing an additional 3,955,615 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Easterly Government Properties by 80.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,965,681 shares of the real estate investment trust’s stock valued at $41,948,000 after purchasing an additional 874,481 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in Easterly Government Properties by 3.1% during the fourth quarter. Westwood Holdings Group Inc. now owns 1,242,918 shares of the real estate investment trust’s stock valued at $26,524,000 after purchasing an additional 37,510 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Easterly Government Properties by 30.2% during the third quarter. Neuberger Berman Group LLC now owns 1,125,198 shares of the real estate investment trust’s stock valued at $23,258,000 after purchasing an additional 261,188 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its stake in Easterly Government Properties by 0.5% during the fourth quarter. GW&K Investment Management LLC now owns 889,145 shares of the real estate investment trust’s stock valued at $18,974,000 after purchasing an additional 4,049 shares during the last quarter. 99.58% of the stock is owned by institutional investors and hedge funds.
Shares of Easterly Government Properties stock traded down $0.24 on Monday, hitting $19.92. The company had a trading volume of 295,942 shares, compared to its average volume of 456,051. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.94 and a quick ratio of 1.94. The stock has a market capitalization of $906.56, a PE ratio of 15.81 and a beta of 0.47. Easterly Government Properties has a 52 week low of $19.03 and a 52 week high of $22.32.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Tuesday, March 13th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 5.22%. The ex-dividend date was Monday, March 12th. Easterly Government Properties’s dividend payout ratio (DPR) is presently 82.54%.
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About Easterly Government Properties
Easterly Government Properties, Inc (NYSE:DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.
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