Easterly Government Properties (NYSE:DEA) Posts Quarterly Earnings Results, Misses Expectations By $0.24 EPS

Easterly Government Properties (NYSE:DEA) issued its earnings results on Tuesday. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.24), Zacks reports. Easterly Government Properties had a return on equity of 1.36% and a net margin of 6.49%. The firm had revenue of $74.78 million for the quarter, compared to analyst estimates of $74.98 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. Easterly Government Properties’s quarterly revenue was up 3.8% on a year-over-year basis.

Easterly Government Properties Trading Up 1.6 %

Shares of NYSE DEA traded up $0.21 during trading on Wednesday, reaching $13.59. The company had a trading volume of 1,334,790 shares, compared to its average volume of 873,596. The stock has a market cap of $1.40 billion, a P/E ratio of 71.05 and a beta of 0.72. Easterly Government Properties has a 12 month low of $10.62 and a 12 month high of $14.52. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 1.02. The company’s fifty day moving average price is $13.57 and its 200-day moving average price is $12.93.

Easterly Government Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 7.80%. The ex-dividend date of this dividend is Friday, November 15th. Easterly Government Properties’s payout ratio is currently 557.89%.

Analysts Set New Price Targets

Several analysts recently commented on DEA shares. Truist Financial lifted their target price on shares of Easterly Government Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Thursday, August 29th. Jefferies Financial Group raised Easterly Government Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $13.00 to $15.00 in a report on Monday, October 14th. Finally, StockNews.com raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th.

Easterly Government Properties Company Profile

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.