Equities analysts expect Easterly Government Properties Inc (NYSE:DEA) to post earnings per share (EPS) of $0.28 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Easterly Government Properties’ earnings. The lowest EPS estimate is $0.27 and the highest is $0.28. Easterly Government Properties posted earnings of $0.32 per share during the same quarter last year, which indicates a negative year over year growth rate of 12.5%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, November 6th.
On average, analysts expect that Easterly Government Properties will report full-year earnings of $1.17 per share for the current fiscal year, with EPS estimates ranging from $1.17 to $1.18. For the next financial year, analysts anticipate that the business will report earnings of $1.23 per share, with EPS estimates ranging from $1.22 to $1.24. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Easterly Government Properties.
Easterly Government Properties (NYSE:DEA) last posted its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.28). Easterly Government Properties had a return on equity of 0.59% and a net margin of 3.51%. The business had revenue of $36.97 million for the quarter, compared to analyst estimates of $37.04 million.
NYSE:DEA traded down $0.40 during mid-day trading on Friday, hitting $17.70. 882,369 shares of the company’s stock were exchanged, compared to its average volume of 599,598. The company has a debt-to-equity ratio of 0.46, a current ratio of 6.97 and a quick ratio of 6.97. Easterly Government Properties has a fifty-two week low of $17.42 and a fifty-two week high of $22.32. The company has a market cap of $1.17 billion, a PE ratio of 14.05, a P/E/G ratio of 3.67 and a beta of 0.45.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 27th. Investors of record on Thursday, September 13th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, September 12th. This represents a $1.04 annualized dividend and a yield of 5.88%. Easterly Government Properties’s dividend payout ratio is presently 82.54%.
In related news, Chairman Darrell W. Crate sold 400,000 shares of Easterly Government Properties stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $19.65, for a total transaction of $7,860,000.00. Following the sale, the chairman now directly owns 45,000 shares in the company, valued at approximately $884,250. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William C. Trimble sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $19.75, for a total transaction of $177,750.00. Following the completion of the transaction, the chief executive officer now owns 90,713 shares in the company, valued at approximately $1,791,581.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 434,250 shares of company stock worth $8,542,390. 14.90% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue lifted its position in shares of Easterly Government Properties by 112.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 39,288 shares of the real estate investment trust’s stock worth $759,000 after purchasing an additional 20,758 shares during the period. Northern Trust Corp lifted its position in shares of Easterly Government Properties by 8.4% in the 2nd quarter. Northern Trust Corp now owns 788,965 shares of the real estate investment trust’s stock worth $15,590,000 after purchasing an additional 61,269 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Easterly Government Properties by 16.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 783,503 shares of the real estate investment trust’s stock worth $15,482,000 after purchasing an additional 108,477 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Easterly Government Properties by 26.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 67,363 shares of the real estate investment trust’s stock worth $1,331,000 after purchasing an additional 13,938 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Easterly Government Properties in the 2nd quarter worth approximately $1,977,000.
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.
Further Reading: What are the Benefits of Index Funds?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Easterly Government Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Easterly Government Properties and related companies with MarketBeat.com's FREE daily email newsletter.