Wall Street analysts expect Easterly Government Properties Inc (NYSE:DEA) to report earnings per share of $0.32 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Easterly Government Properties’ earnings. The highest EPS estimate is $0.33 and the lowest is $0.32. Easterly Government Properties reported earnings of $0.31 per share in the same quarter last year, which indicates a positive year over year growth rate of 3.2%. The business is scheduled to issue its next earnings results on Tuesday, May 8th.
On average, analysts expect that Easterly Government Properties will report full year earnings of $1.33 per share for the current year, with EPS estimates ranging from $1.32 to $1.34. For the next financial year, analysts anticipate that the business will report earnings of $1.41 per share, with EPS estimates ranging from $1.40 to $1.42. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Easterly Government Properties.
Several research firms recently issued reports on DEA. SunTrust Banks set a $24.00 target price on Easterly Government Properties and gave the company a “buy” rating in a research report on Sunday, December 17th. Zacks Investment Research downgraded Easterly Government Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd.
A number of large investors have recently bought and sold shares of the business. California State Teachers Retirement System boosted its holdings in Easterly Government Properties by 2.8% in the second quarter. California State Teachers Retirement System now owns 65,853 shares of the real estate investment trust’s stock valued at $1,380,000 after purchasing an additional 1,769 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Easterly Government Properties by 5.8% in the third quarter. Envestnet Asset Management Inc. now owns 53,733 shares of the real estate investment trust’s stock valued at $1,111,000 after purchasing an additional 2,962 shares during the last quarter. Advisor Group Inc. boosted its holdings in Easterly Government Properties by 42.5% in the fourth quarter. Advisor Group Inc. now owns 10,163 shares of the real estate investment trust’s stock valued at $218,000 after purchasing an additional 3,029 shares during the last quarter. Greenwich Investment Management Inc. boosted its holdings in Easterly Government Properties by 5.0% in the fourth quarter. Greenwich Investment Management Inc. now owns 68,716 shares of the real estate investment trust’s stock valued at $1,466,000 after purchasing an additional 3,291 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Easterly Government Properties by 14.1% in the second quarter. The Manufacturers Life Insurance Company now owns 28,766 shares of the real estate investment trust’s stock valued at $602,000 after purchasing an additional 3,557 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors.
Shares of Easterly Government Properties (DEA) traded up $0.28 during mid-day trading on Wednesday, hitting $20.12. The stock had a trading volume of 803,857 shares, compared to its average volume of 492,066. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.94 and a current ratio of 1.94. Easterly Government Properties has a 1-year low of $19.03 and a 1-year high of $22.32. The firm has a market capitalization of $892.17, a P/E ratio of 201.22 and a beta of 0.58.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Tuesday, March 13th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 5.17%. The ex-dividend date of this dividend is Monday, March 12th. Easterly Government Properties’s payout ratio is 1,040.10%.
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Easterly Government Properties Company Profile
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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