Zacks: Brokerages Anticipate Easterly Government Properties, Inc. (NYSE:DEA) to Post $0.33 EPS

Equities analysts expect Easterly Government Properties, Inc. (NYSE:DEA) to post earnings of $0.33 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Easterly Government Properties’ earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.32. Easterly Government Properties reported earnings per share of $0.32 during the same quarter last year, which suggests a positive year over year growth rate of 3.1%. The business is expected to report its next earnings results on Tuesday, August 3rd.

On average, analysts expect that Easterly Government Properties will report full-year earnings of $1.30 per share for the current fiscal year, with EPS estimates ranging from $1.29 to $1.31. For the next year, analysts forecast that the business will post earnings of $1.32 per share, with EPS estimates ranging from $1.31 to $1.34. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Easterly Government Properties.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings data on Tuesday, May 4th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). Easterly Government Properties had a return on equity of 1.32% and a net margin of 6.85%. The company had revenue of $65.00 million for the quarter, compared to analysts’ expectations of $66.70 million. During the same quarter last year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year.

A number of equities research analysts have commented on DEA shares. Zacks Investment Research downgraded Easterly Government Properties from a “buy” rating to a “hold” rating in a research report on Thursday, May 6th. Raymond James reduced their price target on Easterly Government Properties from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, May 6th. Finally, Citigroup initiated coverage on Easterly Government Properties in a research note on Monday, May 3rd. They set a “buy” rating and a $26.00 target price for the company. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $25.43.

In other Easterly Government Properties news, Chairman Darrell W. Crate sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, April 12th. The stock was sold at an average price of $21.09, for a total transaction of $42,180.00. Following the completion of the sale, the chairman now directly owns 7,428 shares of the company’s stock, valued at approximately $156,656.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William C. Trimble sold 9,000 shares of the stock in a transaction that occurred on Friday, April 16th. The stock was sold at an average price of $21.51, for a total value of $193,590.00. Following the transaction, the chief executive officer now directly owns 100,279 shares of the company’s stock, valued at $2,157,001.29. The disclosure for this sale can be found here. Insiders sold 37,000 shares of company stock worth $792,200 over the last ninety days. Corporate insiders own 9.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in DEA. Meeder Asset Management Inc. lifted its position in shares of Easterly Government Properties by 543.7% during the fourth quarter. Meeder Asset Management Inc. now owns 1,178 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 995 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new position in Easterly Government Properties in the fourth quarter valued at approximately $32,000. Veriti Management LLC acquired a new position in Easterly Government Properties in the fourth quarter valued at approximately $61,000. Van ECK Associates Corp lifted its holdings in Easterly Government Properties by 35.8% in the fourth quarter. Van ECK Associates Corp now owns 3,277 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 864 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Easterly Government Properties in the first quarter worth $74,000. 88.04% of the stock is owned by hedge funds and other institutional investors.

DEA traded down $0.01 during trading on Friday, hitting $21.76. The company’s stock had a trading volume of 14,881 shares, compared to its average volume of 637,907. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.76. The business’s fifty day moving average price is $21.06. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 103.67 and a beta of 0.43. Easterly Government Properties has a twelve month low of $19.64 and a twelve month high of $25.79.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 26th. Stockholders of record on Friday, May 14th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.78%. The ex-dividend date was Thursday, May 13th. Easterly Government Properties’s payout ratio is 82.54%.

About Easterly Government Properties

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

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