Analysts forecast that Easterly Government Properties Inc (NYSE:DEA) will report $0.30 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Easterly Government Properties’ earnings. The lowest EPS estimate is $0.30 and the highest is $0.31. Easterly Government Properties posted earnings per share of $0.32 in the same quarter last year, which indicates a negative year over year growth rate of 6.3%. The firm is expected to report its next quarterly earnings report on Thursday, March 7th.
According to Zacks, analysts expect that Easterly Government Properties will report full-year earnings of $1.17 per share for the current year, with EPS estimates ranging from $1.17 to $1.18. For the next fiscal year, analysts anticipate that the business will report earnings of $1.21 per share, with EPS estimates ranging from $1.19 to $1.23. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Easterly Government Properties.
Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.04. The business had revenue of $39.40 million during the quarter, compared to the consensus estimate 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 last year, the company earned $0.32 earnings per share.
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Friday. ValuEngine upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, October 11th.
Shares of NYSE:DEA traded up $0.19 during mid-day trading on Tuesday, reaching $17.80. 361,313 shares of the stock were exchanged, compared to its average volume of 590,452. The company has a debt-to-equity ratio of 0.46, a quick ratio of 6.97 and a current ratio of 6.97. The company has a market cap of $1.09 billion, a PE ratio of 14.13, a PEG ratio of 3.41 and a beta of 0.52. Easterly Government Properties has a one year low of $17.42 and a one year high of $22.32.
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 dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, December 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.84%. Easterly Government Properties’s payout ratio is presently 82.54%.
In other Easterly Government Properties news, Chairman Darrell W. Crate sold 8,125 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $20.00, for a total value 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 filing with the SEC, which can be accessed through the SEC website. Also, CEO William C. Trimble sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $19.96, for a total value of $179,640.00. Following the completion of the transaction, the chief executive officer now owns 90,713 shares of the company’s stock, valued at $1,810,631.48. 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. 14.90% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of DEA. Dimensional Fund Advisors LP grew its stake in Easterly Government Properties by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 602,100 shares of the real estate investment trust’s stock valued at $12,283,000 after purchasing an additional 52,844 shares in the last quarter. Principal Financial Group Inc. grew its stake in Easterly Government Properties by 5.0% in the first quarter. Principal Financial Group Inc. now owns 344,673 shares of the real estate investment trust’s stock valued at $7,031,000 after purchasing an additional 16,362 shares in the last quarter. UBS Group AG grew its stake in Easterly Government Properties by 12.2% in the first quarter. UBS Group AG now owns 136,619 shares of the real estate investment trust’s stock valued at $2,787,000 after purchasing an additional 14,895 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in Easterly Government Properties by 26.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,718 shares of the real estate investment trust’s stock valued at $321,000 after purchasing an additional 3,334 shares in the last quarter. Finally, Guggenheim Capital LLC grew its stake in Easterly Government Properties by 4.6% in the first quarter. Guggenheim Capital LLC now owns 113,973 shares of the real estate investment trust’s stock valued at $2,324,000 after purchasing an additional 4,982 shares in the last quarter.
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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