Brokers expect Easterly Government Properties, Inc. (NYSE:DEA – Get a rating) will announce revenue of $75.98 million for the current quarter, Zacks reports. Three analysts have made earnings estimates for Easterly Government Properties. The lowest sales estimate is $75.05 million and the highest is $77.38 million. Easterly’s government properties posted sales of $68.61 million in the same quarter last year, which would indicate a positive growth rate of 10.7% year over year. The company is due to announce its next quarterly earnings report on Monday, January 1.
According to Zacks, analysts expect Easterly Government Properties to report sales of $308.48 million for the current fiscal year, with estimates ranging from $303.61 million to $313.94 million. For the next fiscal year, analysts expect the company to post sales of $336.44 million, with estimates ranging from $325.88 million to $349.44 million. Zacks Investment Research sales averages are an average average based on a survey of research firms that provide coverage for Easterly government properties.
Easter Government Properties (NYSE: DEA – Get a rating) last released its quarterly results on Tuesday, May 3. The real estate investment trust reported EPS of $0.08 for the quarter, missing the consensus estimate of $0.34 per ($0.26). The company posted revenue of $72.30 million in the quarter, compared to analyst estimates of $74.73 million. Easterly Government Properties posted a net margin of 10.78% and a return on equity of 2.18%. The company’s quarterly revenue increased by 11.2% compared to the same quarter last year. In the same period a year earlier, the company had earned earnings per share of $0.33.
Several analysts have recently commented on DEA shares. StockNews.com began covering Easter government properties in a report on Thursday, March 31. They issued a “hold” rating for the company. Zacks Investment Research upgraded Easterly’s government properties from a “sell” rating to a “hold” rating in a report released on Tuesday. Five investment analysts gave the stock a hold rating and one gave the company a buy rating. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $24.88.
DEA opened at $19.17 on Friday. The company has a debt ratio of 0.85, a current ratio of 4.01 and a quick ratio of 4.01. The company has a 50-day simple moving average of $20.34 and a 200-day simple moving average of $21.12. The stock has a market capitalization of $1.74 billion, a P/E ratio of 54.77 and a beta of 0.51. Easterly Government Properties has a 12 month low of $18.01 and a 12 month high of $23.65.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 25. Shareholders of record on Friday, May 13 will receive a dividend of $0.265 per share. This represents an annualized dividend of $1.06 and a yield of 5.53%. The ex-date of this dividend is Thursday, May 12. Easterly Government Properties’ payout ratio is 302.87%.
In other news from Easterly Government Properties, CEO William C. Trimble sold 7,000 shares of the company in a trade on Tuesday, March 29. The stock was sold at an average price of $21.40, for a total transaction of $149,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, Chairman Darrell W. Crate sold 10,000 shares of the company in a trade dated Monday, March 14. The shares were sold at an average price of $20.81, for a total value of $208,100.00. Disclosure of this sale can be found here. Insiders have sold 43,594 shares of the company valued at $919,174 in the past three months. 8.30% of the shares are currently held by insiders of the company.
Several large investors have recently increased or reduced their stake in the stock. Arizona State Retirement System increased its stake in shares of Easterly Government Properties by 2.3% in the third quarter. Arizona State Retirement System now owns 22,846 shares of the real estate investment trust worth $472,000 after acquiring 521 additional shares in the last quarter. Pitcairn Co. increased its stake in Easterly Government Properties by 3.3% during the third quarter. Pitcairn Co. now owns 16,957 shares of the real estate investment trust valued at $350,000 after buying an additional 538 shares last quarter. M&R Capital Management Inc. increased its stake in Easterly Government Properties by 3.2% during the first quarter. M&R Capital Management Inc. now owns 18,652 shares of the real estate investment trust worth $394,000 after purchasing an additional 570 shares last quarter. Neuberger Berman Group LLC increased its holdings of Easterly Government Properties shares by 2.4% during the third quarter. Neuberger Berman Group LLC now owns 25,774 shares of the real estate investment trust valued at $531,000 after buying 610 additional shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings of Easterly Government Properties shares by 0.9% during the first quarter. Los Angeles Capital Management LLC now owns 69,263 shares of the real estate investment trust valued at $1,464,000 after buying 627 additional shares in the last quarter. Institutional investors and hedge funds own 84.55% of the company’s shares.
About Easter Government Properties (Get a rating)
Easterly Government Properties, Inc (NYSE: DEA) is based in Washington, DC, and is primarily focused on acquiring, developing and managing Class A commercial properties that are leased to the US government. Easterly’s experienced leadership team brings expert insight into critical US strategy and needs
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