Wall Street analysts forecast that Easterly Government Properties Inc (NYSE:DEA) will announce $0.31 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Easterly Government Properties’ earnings. Easterly Government Properties reported earnings per share of $0.32 during the same quarter last year, which indicates a negative year-over-year growth rate of 3.1%. The business is scheduled to issue its next earnings report on Thursday, March 7th.
According to Zacks, analysts expect that Easterly Government Properties will report full year earnings of $1.17 per share for the current financial year, with EPS estimates ranging from $1.17 to $1.18. For the next fiscal year, analysts anticipate that the business will post earnings of $1.19 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Easterly Government Properties.
Easterly Government Properties (NYSE:DEA) last posted its earnings results on Monday, November 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The company had revenue of $39.40 million during the quarter, compared to analysts’ expectations of $39.59 million. Easterly Government Properties had a net margin of 4.30% and a return on equity of 0.70%. Easterly Government Properties’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 EPS.
In related news, Chairman Darrell W. Crate sold 400,000 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now directly owns 45,000 shares of the company’s stock, valued at $884,250. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William C. Trimble sold 9,000 shares of the firm’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $18.00, for a total transaction of $162,000.00. Following the transaction, the chief executive officer now directly owns 90,713 shares in the company, valued at $1,632,834. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 436,125 shares of company stock valued at $8,541,840. 14.90% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Easterly Government Properties by 20.3% during the second quarter. BlackRock Inc. now owns 9,073,828 shares of the real estate investment trust’s stock worth $179,299,000 after acquiring an additional 1,533,429 shares during the period. Renaissance Technologies LLC increased its position in Easterly Government Properties by 14.3% during the second quarter. Renaissance Technologies LLC now owns 1,832,900 shares of the real estate investment trust’s stock worth $36,218,000 after acquiring an additional 229,100 shares during the period. Legal & General Group Plc increased its position in Easterly Government Properties by 15.9% during the second quarter. Legal & General Group Plc now owns 199,225 shares of the real estate investment trust’s stock worth $3,926,000 after acquiring an additional 27,381 shares during the period. Schwab Charles Investment Management Inc. increased its position in Easterly Government Properties by 10.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 568,783 shares of the real estate investment trust’s stock worth $11,240,000 after acquiring an additional 53,049 shares during the period. Finally, Federated Investors Inc. PA bought a new position in Easterly Government Properties during the second quarter worth about $2,470,000.
NYSE DEA opened at $17.78 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.64. The stock has a market cap of $1.08 billion, a PE ratio of 14.11, a P/E/G ratio of 5.05 and a beta of 0.52. Easterly Government Properties has a 52-week low of $17.39 and a 52-week high of $22.32.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Thursday, December 13th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend is Wednesday, December 12th. Easterly Government Properties’s dividend payout ratio is presently 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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