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.
COPYRIGHT VIOLATION WARNING: This report was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/11/06/easterly-government-properties-dea-announces-earnings-results-meets-expectations.html.
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.
See Also: Float
Receive News & Ratings for Easterly Government Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Easterly Government Properties and related companies with MarketBeat.com's FREE daily email newsletter.