Easterly Government Properties Inc (NYSE:DEA) – Research analysts at Jefferies Financial Group upped their Q2 2019 earnings estimates for Easterly Government Properties in a report issued on Monday, July 15th. Jefferies Financial Group analyst J. Petersen now expects that the real estate investment trust will post earnings of $0.30 per share for the quarter, up from their previous forecast of $0.29. Jefferies Financial Group also issued estimates for Easterly Government Properties’ FY2021 earnings at $1.27 EPS.
A number of other analysts have also recently issued reports on DEA. Citigroup lifted their price objective on PVH from $120.00 to $128.00 and gave the company a “neutral” rating in a research report on Friday, March 29th. Zacks Investment Research cut General Finance from a “buy” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $21.00.
DEA opened at $18.71 on Wednesday. The firm has a market capitalization of $1.26 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 6.47 and a beta of 0.63. Easterly Government Properties has a 1 year low of $15.16 and a 1 year high of $20.56. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.72. The company’s fifty day moving average price is $18.44.
Easterly Government Properties (NYSE:DEA) last released its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.32). The firm had revenue of $50.60 million for the quarter, compared to analyst estimates of $49.73 million. Easterly Government Properties had a net margin of 2.15% and a return on equity of 0.35%. Easterly Government Properties’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 EPS.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Monday, June 10th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $1.04 annualized dividend and a yield of 5.56%. Easterly Government Properties’s dividend payout ratio (DPR) is currently 88.89%.
In other Easterly Government Properties news, CEO William C. Trimble sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $18.12, for a total transaction of $163,080.00. Following the transaction, the chief executive officer now directly owns 108,727 shares in the company, valued at $1,970,133.24. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ronald E. Kendall sold 4,500 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $18.63, for a total value of $83,835.00. Following the transaction, the executive vice president now owns 11,568 shares in the company, valued at $215,511.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,875 shares of company stock worth $1,014,748. Corporate insiders own 12.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Teachers Retirement System boosted its holdings in Easterly Government Properties by 2.0% during the second quarter. New York State Teachers Retirement System now owns 42,683 shares of the real estate investment trust’s stock valued at $773,000 after purchasing an additional 845 shares in the last quarter. Presima Inc. acquired a new stake in Easterly Government Properties during the second quarter valued at approximately $1,586,000. Louisiana State Employees Retirement System boosted its holdings in Easterly Government Properties by 11.4% during the second quarter. Louisiana State Employees Retirement System now owns 25,400 shares of the real estate investment trust’s stock valued at $468,000 after purchasing an additional 2,600 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Easterly Government Properties by 61.3% during the second quarter. Nisa Investment Advisors LLC now owns 47,295 shares of the real estate investment trust’s stock valued at $857,000 after purchasing an additional 17,975 shares in the last quarter. Finally, First National Bank of Omaha boosted its holdings in Easterly Government Properties by 2.3% during the second quarter. First National Bank of Omaha now owns 104,222 shares of the real estate investment trust’s stock valued at $1,887,000 after purchasing an additional 2,342 shares in the last quarter. Institutional investors own 92.96% of the company’s stock.
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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