$ 0.34 Earnings Per Share Expected for Easterly Government Properties, Inc. (NYSE: DEA) This Quarter

Equities analysts forecast that Easterly Government Properties, Inc. (NYSE: DEA – Get Rating) will announce earnings per share of $ 0.34 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Easterly Government Properties’ earnings. Easterly Government Properties posted earnings per share of $ 0.33 in the same quarter last year, which suggests a positive year-over-year growth rate of 3%. The company is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Easterly Government Properties will report full-year earnings of $ 1.35 per share for the current financial year, with EPS estimates ranging from $ 1.34 to $ 1.35. For the next year, analysts expect that the business will report earnings of $ 1.39 per share, with EPS estimates ranging from $ 1.37 to $ 1.41. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that provide coverage for Easterly Government Properties.

Easterly Government Properties (NYSE: DEA – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported $ 0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $ 0.34 by ($ 0.26). Easterly Government Properties had a return on equity of 2.18% and a net margin of 10.78%. The firm had revenue of $ 72.30 million for the quarter, compared to analyst estimates of $ 74.73 million. During the same period last year, the company posted $ 0.33 earnings per share. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year.

Several brokerages have recently commented on DEA. StockNews.com began coverage on Easterly Government Properties in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Easterly Government Properties presently has an average rating of “Hold” and an average target price of $ 24.88.

In other Easterly Government Properties news, CEO William C. Trimble sold 7,000 shares of the stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $ 21.40, for a total transaction of $ 149,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Darrell W. Crate sold 19,594 shares of the stock in a transaction on Friday, March 11th. The shares were sold at an average price of $ 21.00, for a total value of $ 411,474.00. The disclosure for this sale can be found here. Insiders have sold 43,594 shares of company stock valued at $ 919,174 over the last ninety days. 8.30% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in DEA. Royal Bank of Canada grew its holdings in Easterly Government Properties by 2,321.8% during the third quarter. Royal Bank of Canada now owns 2,403,774 shares of the real estate investment trust’s stock valued at $ 49,663,000 after purchasing an additional 2,304,519 shares during the period. BlackRock Inc. boosted its holdings in shares of Easterly Government Properties by 10.5% in the fourth quarter. BlackRock Inc. now owns 16,692,523 shares of the real estate investment trust’s stock worth $ 382,596,000 after acquiring an additional 1,590,968 shares during the period. American Century Companies Inc. bought a new position in shares of Easterly Government Properties in the third quarter worth $ 23,453,000. Millennium Management LLC bought a new position in shares of Easterly Government Properties in the third quarter worth $ 11,464,000. Finally, Invesco Ltd. boosted its holdings in shares of Easterly Government Properties by 68.4% in the fourth quarter. Invesco Ltd. now owns 1,328,929 shares of the real estate investment trust’s stock worth $ 30,459,000 after acquiring an additional 539,806 shares during the period. 84.55% of the stock is owned by institutional investors and hedge funds.

Shares of Easterly Government Properties stock opened at $ 18.18 on Wednesday. The company has a market cap of $ 1.65 billion, a PE ratio of 51.94 and a beta of 0.51. Easterly Government Properties has a 52 week low of $ 18.01 and a 52 week high of $ 23.65. The business has a 50-day moving average price of $ 20.40 and a 200-day moving average price of $ 21.14. The company has a quick ratio of 3.46, a current ratio of 4.01 and a debt-to-equity ratio of 0.85.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 25th. Investors of record on Friday, May 13th will be given a dividend of $ 0.265 per share. This represents a $ 1.06 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend is Thursday, May 12th. Easterly Government Properties’s payout ratio is 302.87%.

Easterly Government Properties Company Profile (Get Rating)

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 US Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical US

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Earnings History and Estimates for Easterly Government Properties (NYSE: DEA)

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