Analysts Expect Easterly Government Properties Inc. (NYSE:DEA) to Post $0.30 EPS
Easterly Government Properties Inc. (NYSE:DEA) has received an average broker rating score of 2.00 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Easterly Government Properties’ rating score has improved by 20% in the last 90 days as a result of various analysts’ ratings changes.
Brokerages have set a 12-month consensus price target of $20.17 for the company and are anticipating that the company will post $0.30 EPS for the current quarter, according to Zacks. Zacks has also assigned Easterly Government Properties an industry rank of 103 out of 265 based on the ratings given to related companies.
DEA has been the topic of several analyst reports. Zacks Investment Research lowered shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Thursday, September 8th. Jefferies Group initiated coverage on shares of Easterly Government Properties in a research note on Wednesday. They set a “buy” rating and a $22.00 price target on the stock. Finally, Citigroup Inc. increased their price target on shares of Easterly Government Properties from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Thursday, July 7th.
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Shares of Easterly Government Properties (NYSE:DEA) traded up 0.49% during trading on Friday, reaching $18.39. 67,922 shares of the company’s stock were exchanged. The company has a 50 day moving average of $19.34 and a 200 day moving average of $19.09. Easterly Government Properties has a 52-week low of $16.21 and a 52-week high of $20.82. The firm has a market capitalization of $644.79 million, a P/E ratio of 248.51 and a beta of 0.59.
Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings results on Monday, August 8th. The real estate investment trust reported $0.30 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. Easterly Government Properties had a net margin of 2.17% and a return on equity of 0.31%. The company had revenue of $24.90 million for the quarter, compared to analyst estimates of $23.53 million. During the same quarter in the prior year, the business posted $0.26 EPS. Easterly Government Properties’s quarterly revenue was up 29.4% on a year-over-year basis. Equities analysts anticipate that Easterly Government Properties will post $1.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Friday, August 26th were given a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.03%. Easterly Government Properties’s payout ratio is presently 1,314.47%.
In other Easterly Government Properties news, Director James E. Mead bought 2,000 shares of Easterly Government Properties stock in a transaction dated Monday, August 15th. The stock was bought at an average price of $19.72 per share, with a total value of $39,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cynthia A. Fisher bought 18,448 shares of Easterly Government Properties stock in a transaction dated Tuesday, August 9th. The stock was acquired at an average cost of $19.68 per share, with a total value of $363,056.64. Following the transaction, the director now owns 53,999 shares of the company’s stock, valued at approximately $1,062,700.32. The disclosure for this purchase can be found here. 18.10% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its stake in shares of Easterly Government Properties by 73.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 37,500 shares of the real estate investment trust’s stock worth $740,000 after buying an additional 15,900 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Easterly Government Properties by 92.6% in the second quarter. Metropolitan Life Insurance Co. NY now owns 19,213 shares of the real estate investment trust’s stock worth $379,000 after buying an additional 9,235 shares during the last quarter. Westwood Holdings Group Inc. acquired a new stake in shares of Easterly Government Properties during the second quarter worth about $7,079,000. Cambridge Associates LLC MA ADV acquired a new stake in shares of Easterly Government Properties during the second quarter worth about $17,553,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Easterly Government Properties during the second quarter worth about $1,455,000. 57.84% of the stock is owned by institutional investors.
Easterly Government Properties Company Profile
Easterly Government Properties, Inc is a real estate investment trust (REIT). The Company is focused primarily on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies, such as the Drug Enforcement Administration, Federal Bureau of Investigation, Internal Revenue Service, Patent and Trademark Office, Customs and Border Protection, U.S.
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