Easterly Government Properties (DEA) Announces Earnings Results, Meets Expectations

Easterly Government Properties (NYSE:DEA) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.04 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.04, Fidelity Earnings reports. The business had revenue of $39.40 million for the quarter, compared to analyst estimates of $39.59 million. Easterly Government Properties had a return on equity of 0.59% and a net margin of 3.51%. Easterly Government Properties’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period last year, the company posted $0.32 earnings per share. Easterly Government Properties updated its FY 2019 guidance to $1.16-1.20 EPS and its FY18 guidance to $1.17-1.20 EPS.

Shares of DEA traded up $0.26 during mid-day trading on Tuesday, hitting $17.87. The stock had a trading volume of 6,485 shares, compared to its average volume of 500,723. The firm has a market cap of $1.09 billion, a PE ratio of 14.18, a PEG ratio of 3.41 and a beta of 0.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 6.97 and a quick ratio of 6.97. Easterly Government Properties has a 52 week low of $17.42 and a 52 week high of $22.32.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Thursday, December 13th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, December 12th. This represents a $1.04 annualized dividend and a dividend yield of 5.82%. Easterly Government Properties’s payout ratio is presently 82.54%.

DEA has been the topic of a number of recent analyst reports. ValuEngine lowered Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Zacks Investment Research upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Monday, September 24th.

In related news, Chairman Darrell W. Crate sold 8,125 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $20.00, for a total transaction of $162,500.00. Following the completion of the transaction, the chairman now directly owns 53,125 shares in the company, valued at $1,062,500. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO William C. Trimble sold 9,000 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $19.75, for a total value of $177,750.00. Following the transaction, the chief executive officer now owns 90,713 shares of the company’s stock, valued at $1,791,581.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 434,250 shares of company stock worth $8,542,390. Corporate insiders own 14.90% of the company’s stock.

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Easterly Government Properties Company Profile

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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Earnings History for Easterly Government Properties (NYSE:DEA)

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