Easterly Government Properties Inc (NYSE:DEA) declared a dividend on Thursday, October 31st, Fidelity reports. Shareholders of record on Wednesday, November 13th will be given a dividend of 0.26 per share by the real estate investment trust on Friday, December 27th. The ex-dividend date is Tuesday, November 12th. This is an increase from Easterly Government Properties’s previous dividend of $0.21.
Easterly Government Properties stock opened at $22.84 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $1.56 billion, a P/E ratio of 19.52, a P/E/G ratio of 7.69 and a beta of 0.61. The business’s fifty day moving average is $21.74 and its two-hundred day moving average is $19.72. Easterly Government Properties has a 52 week low of $15.16 and a 52 week high of $22.97.
Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.28). The business had revenue of $57.60 million during the quarter, compared to analyst estimates of $54.96 million. Easterly Government Properties had a return on equity of 0.74% and a net margin of 4.17%. Easterly Government Properties’s revenue for the quarter was up 46.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 EPS. On average, equities research analysts predict that Easterly Government Properties will post 1.19 earnings per share for the current year.
A number of equities research analysts have recently weighed in on DEA shares. SunTrust Banks boosted their target price on Easterly Government Properties from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Compass Point started coverage on Easterly Government Properties in a research report on Monday, September 23rd. They set a “buy” rating and a $25.00 target price for the company. Zacks Investment Research upgraded Easterly Government Properties from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Tuesday, October 15th. Raymond James boosted their target price on Easterly Government Properties from $19.50 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. Finally, ValuEngine downgraded Easterly Government Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $22.33.
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.
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