Analysts forecast that Easterly Government Properties Inc (NYSE:DEA) will post earnings of $0.32 per share for the current quarter, according to Zacks. Three analysts have made estimates for Easterly Government Properties’ earnings, with estimates ranging from $0.32 to $0.33. Easterly Government Properties posted earnings per share of $0.31 during the same quarter last year, which would indicate a positive year over year growth rate of 3.2%. The company is expected to report its next quarterly earnings results on Tuesday, May 8th.
According to Zacks, 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 $1.32 to $1.34. For the next fiscal year, analysts expect that the firm will post earnings of $1.41 per share, with EPS estimates ranging from $1.40 to $1.42. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Easterly Government Properties.
A number of brokerages have issued reports on DEA. SunTrust Banks set a $24.00 price objective on Easterly Government Properties and gave the company a “buy” rating in a report on Sunday, December 17th. Zacks Investment Research cut Easterly Government Properties from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd.
In other Easterly Government Properties news, CAO Alison M. Bernard purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The stock was acquired at an average cost of $19.75 per share, with a total value 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 15.60% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its holdings in shares of Easterly Government Properties by 2.8% in the second quarter. California State Teachers Retirement System now owns 65,853 shares of the real estate investment trust’s stock valued at $1,380,000 after buying an additional 1,769 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Easterly Government Properties by 5.8% in the third quarter. Envestnet Asset Management Inc. now owns 53,733 shares of the real estate investment trust’s stock valued at $1,111,000 after buying an additional 2,962 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of Easterly Government Properties by 42.5% in the fourth quarter. Advisor Group Inc. now owns 10,163 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 3,029 shares during the last quarter. Greenwich Investment Management Inc. raised its holdings in shares of Easterly Government Properties by 5.0% in the fourth quarter. Greenwich Investment Management Inc. now owns 68,716 shares of the real estate investment trust’s stock valued at $1,466,000 after buying an additional 3,291 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Easterly Government Properties by 14.1% in the second quarter. The Manufacturers Life Insurance Company now owns 28,766 shares of the real estate investment trust’s stock valued at $602,000 after buying an additional 3,557 shares during the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.
Shares of Easterly Government Properties (DEA) traded up $0.28 during midday trading on Wednesday, hitting $20.12. The company’s stock had a trading volume of 803,857 shares, compared to its average volume of 492,066. The company has a market capitalization of $892.17, a PE ratio of 201.22 and a beta of 0.58. Easterly Government Properties has a 12 month low of $19.03 and a 12 month high of $22.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.94 and a current ratio of 1.94.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Tuesday, March 13th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, March 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.17%. Easterly Government Properties’s payout ratio is presently 1,040.10%.
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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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