Equities analysts forecast that Easterly Government Properties, Inc. (NYSE:DEA – Get Rating) will post earnings of $0.34 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Easterly Government Properties’ earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.33. Easterly Government Properties posted earnings per share of $0.33 during the same quarter last year, which indicates a positive year over year growth rate of 3%. The firm is expected to announce its next earnings results before the market opens on Monday, January 1st.
On average, analysts expect that Easterly Government Properties will report full-year earnings of $1.35 per share for the current year, with EPS estimates ranging from $1.34 to $1.35. For the next financial year, analysts anticipate that the firm will post earnings of $1.39 per share, with EPS estimates ranging from $1.37 to $1.41. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Easterly Government Properties.
Easterly Government Properties (NYSE:DEA – Get Rating) last announced its quarterly earnings results on Sunday, February 27th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). Easterly Government Properties had a net margin of 10.94% and a return on equity of 2.20%. The business had revenue of $71.60 million during the quarter, compared to the consensus estimate of $72.11 million. During the same period in the previous year, the business posted $0.32 EPS. The firm’s revenue was up 9.8% on a year-over-year basis.
In other Easterly Government Properties news, Chairman Darrell W. Crate sold 10,000 shares of the stock in a transaction on Monday, March 14th. The stock was sold at an average price of $20.81, for a total transaction of $208,100.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO William C. Trimble sold 7,000 shares of the business’s stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $21.40, for a total value of $149,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,594 shares of company stock worth $919,174. 9.00% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Truist Financial Corp boosted its holdings in shares of Easterly Government Properties by 2.3% in the 1st quarter. Truist Financial Corp now owns 198,805 shares of the real estate investment trust’s stock valued at $4,203,000 after buying an additional 4,482 shares in the last quarter. UMB Bank N A MO lifted its holdings in shares of Easterly Government Properties by 54.9% during the 1st quarter. UMB Bank N A MO now owns 2,105 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 746 shares during the last quarter. Tributary Capital Management LLC lifted its holdings in shares of Easterly Government Properties by 29.5% during the 1st quarter. Tributary Capital Management LLC now owns 837,524 shares of the real estate investment trust’s stock valued at $17,705,000 after purchasing an additional 190,993 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Easterly Government Properties by 5.7% during the 1st quarter. Nordea Investment Management AB now owns 42,696 shares of the real estate investment trust’s stock valued at $913,000 after purchasing an additional 2,304 shares during the last quarter. Finally, M&R Capital Management Inc. lifted its holdings in shares of Easterly Government Properties by 3.2% during the 1st quarter. M&R Capital Management Inc. now owns 18,652 shares of the real estate investment trust’s stock valued at $394,000 after purchasing an additional 570 shares during the last quarter. Institutional investors and hedge funds own 90.52% of the company’s stock.
NYSE:DEA opened at $20.23 on Wednesday. The stock’s fifty day moving average is $20.79 and its 200 day moving average is $21.33. Easterly Government Properties has a fifty-two week low of $19.64 and a fifty-two week high of $23.65. The firm has a market capitalization of $1.83 billion, a PE ratio of 57.80 and a beta of 0.47. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.46 and a current ratio of 3.46.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 22nd. Shareholders of record on Thursday, March 10th were issued a dividend of $0.265 per share. The ex-dividend date was Wednesday, March 9th. This represents a $1.06 annualized dividend and a yield of 5.24%. Easterly Government Properties’s payout ratio is currently 302.86%.
About Easterly Government Properties (Get Rating)
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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