Brokerages expect Easterly Government Properties Inc (NYSE:DEA) to report $40.16 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Easterly Government Properties’ earnings. The highest sales estimate is $40.40 million and the lowest is $39.91 million. Easterly Government Properties posted sales of $33.86 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.6%. The company is scheduled to announce its next quarterly earnings results on Tuesday, November 6th.
According to Zacks, analysts expect that Easterly Government Properties will report full-year sales of $159.03 million for the current fiscal year, with estimates ranging from $158.30 million to $159.90 million. For the next fiscal year, analysts forecast that the company will post sales of $210.59 million, with estimates ranging from $207.48 million to $215.48 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.28). The business had revenue of $36.97 million during the quarter, compared to analyst estimates of $37.04 million. Easterly Government Properties had a net margin of 3.51% and a return on equity of 0.59%.
In other news, CEO William C. Trimble sold 9,000 shares of the company’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $19.96, for a total transaction of $179,640.00. Following the completion of the transaction, the chief executive officer now directly owns 90,713 shares of the company’s stock, valued at $1,810,631.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Darrell W. Crate sold 8,125 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $20.00, for a total value of $162,500.00. Following the transaction, the chairman now directly owns 53,125 shares of the company’s stock, valued at $1,062,500. The disclosure for this sale can be found here. Insiders have sold 434,250 shares of company stock valued at $8,542,390 over the last ninety days. 14.90% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the company. Monetary Management Group Inc. bought a new stake in Easterly Government Properties during the second quarter worth about $119,000. Glen Harbor Capital Management LLC raised its holdings in Easterly Government Properties by 61.7% during the second quarter. Glen Harbor Capital Management LLC now owns 7,150 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 2,728 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in Easterly Government Properties by 62.0% during the second quarter. Riverhead Capital Management LLC now owns 8,100 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 3,100 shares in the last quarter. US Bancorp DE raised its holdings in Easterly Government Properties by 41.0% during the first quarter. US Bancorp DE now owns 10,003 shares of the real estate investment trust’s stock worth $204,000 after acquiring an additional 2,910 shares in the last quarter. Finally, Meadow Creek Investment Management LLC raised its holdings in Easterly Government Properties by 61.7% during the second quarter. Meadow Creek Investment Management LLC now owns 11,050 shares of the real estate investment trust’s stock worth $218,000 after acquiring an additional 4,216 shares in the last quarter.
DEA stock opened at $18.24 on Monday. The company has a quick ratio of 6.97, a current ratio of 6.97 and a debt-to-equity ratio of 0.46. The stock has a market cap of $1.17 billion, a PE ratio of 14.48, a PEG ratio of 3.67 and a beta of 0.45. Easterly Government Properties has a fifty-two week low of $18.17 and a fifty-two week high of $22.32.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 27th. Stockholders 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 dividend yield of 5.70%. Easterly Government Properties’s dividend payout ratio is currently 82.54%.
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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