Wall Street analysts forecast that Easterly Government Properties Inc (NYSE:DEA) will announce $0.32 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Easterly Government Properties’ earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.33. Easterly Government Properties posted earnings per share of $0.03 during the same quarter last year, which would indicate a positive year-over-year growth rate of 966.7%. The company is expected to issue its next quarterly earnings report on Thursday, March 1st.
On average, analysts expect that Easterly Government Properties will report full year earnings of $1.27 per share for the current fiscal year, with EPS estimates ranging from $1.26 to $1.27. For the next fiscal year, analysts expect that the firm will post earnings of $1.34 per share, with EPS estimates ranging from $1.33 to $1.35. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Easterly Government Properties.
Several analysts recently commented on DEA shares. Jefferies Group restated a “buy” rating and set a $24.00 price target on shares of Easterly Government Properties in a research report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Monday, November 27th. Finally, SunTrust Banks set a $24.00 price target on shares of Easterly Government Properties and gave the company a “buy” rating in a research report on Sunday, December 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.13.
Shares of Easterly Government Properties (NYSE:DEA) opened at $20.73 on Friday. The company has a market cap of $922.67, a price-to-earnings ratio of 207.30 and a beta of 0.57. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.70. Easterly Government Properties has a 52-week low of $19.08 and a 52-week high of $22.32.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Wednesday, December 6th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 5.02%. The ex-dividend date was Tuesday, December 5th. This is a positive change from Easterly Government Properties’s previous quarterly dividend of $0.25. Easterly Government Properties’s dividend payout ratio (DPR) is currently 1,040.00%.
About Easterly Government Properties
Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).
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