Easterly Government Properties (NYSE:DEA) issued an update on its FY18 earnings guidance on Monday morning. The company provided EPS guidance of $1.17-1.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.18. Easterly Government Properties also updated its FY 2019 guidance to $1.16-1.20 EPS.
Easterly Government Properties stock traded up $0.21 during midday trading on Tuesday, hitting $17.82. The stock had a trading volume of 9,280 shares, compared to its average volume of 500,723. The company has a quick ratio of 6.97, a current ratio of 6.97 and a debt-to-equity ratio of 0.46. The firm has a market cap of $1.09 billion, a P/E ratio of 14.14, a P/E/G ratio of 3.41 and a beta of 0.52. Easterly Government Properties has a 12 month low of $17.42 and a 12 month high of $22.32.
Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. The firm had revenue of $39.40 million during 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 earnings per share. As a group, equities research analysts anticipate that Easterly Government Properties will post 1.17 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Thursday, December 13th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 5.84%. The ex-dividend date is Wednesday, December 12th. Easterly Government Properties’s dividend payout ratio is currently 82.54%.
A number of equities analysts have commented on the company. Zacks Investment Research upgraded Easterly Government Properties from a sell rating to a hold rating in a research note on Friday. ValuEngine upgraded Easterly Government Properties from a sell rating to a hold rating in a research note on Thursday, October 11th.
In other news, Chairman Darrell W. Crate sold 8,125 shares of the business’s stock in a transaction that occurred on 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William C. Trimble sold 9,000 shares of the business’s stock in a transaction that occurred on 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 quarter, insiders have sold 434,250 shares of company stock valued at $8,542,390. 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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