Analysts Issue Forecasts for Easterly Government Properties Inc.’s Q3 2016 Earnings (DEA)
Easterly Government Properties Inc. (NYSE:DEA) – Investment analysts at Jefferies Group issued their Q3 2016 earnings per share estimates for shares of Easterly Government Properties in a research report issued on Wednesday. Jefferies Group analyst J. Petersen forecasts that the brokerage will post earnings of $0.31 per share for the quarter. Jefferies Group has a “Buy” rating and a $22.00 price target on the stock. Jefferies Group also issued estimates for Easterly Government Properties’ Q4 2016 earnings at $0.31 EPS, FY2016 earnings at $1.23 EPS, Q1 2017 earnings at $0.32 EPS, Q2 2017 earnings at $0.33 EPS, Q3 2017 earnings at $0.33 EPS, Q4 2017 earnings at $0.32 EPS, FY2017 earnings at $1.30 EPS and FY2018 earnings at $1.37 EPS.
Easterly Government Properties (NYSE:DEA) last announced its earnings results on Monday, August 8th. The real estate investment trust reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. The firm had revenue of $24.90 million for the quarter, compared to analysts’ expectations of $23.53 million. Easterly Government Properties had a return on equity of 0.31% and a net margin of 2.17%. Easterly Government Properties’s quarterly revenue was up 29.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS.
A number of other research firms have also recently weighed in on DEA. Zacks Investment Research cut Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Thursday, September 8th. Citigroup Inc. lifted their price target on Easterly Government Properties from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.50.
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Shares of Easterly Government Properties (NYSE:DEA) traded up 0.49% on Friday, hitting $18.39. The company’s stock had a trading volume of 67,312 shares. Easterly Government Properties has a 52 week low of $16.21 and a 52 week high of $20.82. The company has a market cap of $644.79 million, a price-to-earnings ratio of 248.51 and a beta of 0.59. The stock’s 50 day moving average is $19.34 and its 200-day moving average is $19.09.
Several large investors have recently modified their holdings of the company. Brown Advisory Securities LLC increased its stake in shares of Easterly Government Properties by 3.0% in the second quarter. Brown Advisory Securities LLC now owns 34,987 shares of the real estate investment trust’s stock valued at $692,000 after buying an additional 1,013 shares in the last quarter. Raymond James & Associates increased its stake in shares of Easterly Government Properties by 1.8% in the second quarter. Raymond James & Associates now owns 67,430 shares of the real estate investment trust’s stock valued at $1,330,000 after buying an additional 1,202 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Easterly Government Properties by 1.5% in the second quarter. JPMorgan Chase & Co. now owns 90,776 shares of the real estate investment trust’s stock valued at $1,790,000 after buying an additional 1,325 shares in the last quarter. Westend Capital Management LLC increased its stake in shares of Easterly Government Properties by 1.5% in the first quarter. Westend Capital Management LLC now owns 107,985 shares of the real estate investment trust’s stock valued at $2,000,000 after buying an additional 1,570 shares in the last quarter. Finally, BlackRock Group LTD increased its stake in shares of Easterly Government Properties by 115.3% in the second quarter. BlackRock Group LTD now owns 5,601 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 2,999 shares in the last quarter. 57.84% of the stock is owned by institutional investors.
In other news, Director Cynthia A. Fisher bought 18,448 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were bought at an average cost of $19.68 per share, for a total transaction of $363,056.64. Following the completion of the acquisition, the director now owns 53,999 shares in the company, valued at approximately $1,062,700.32. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James E. Mead acquired 4,000 shares of the stock in a transaction dated Wednesday, August 17th. The shares were bought at an average cost of $19.18 per share, with a total value of $76,720.00. Following the transaction, the director now directly owns 4,033 shares of the company’s stock, valued at $77,352.94. The disclosure for this purchase can be found here. 18.10% of the stock is currently owned by company insiders.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Friday, August 26th were issued a $0.23 dividend. The ex-dividend date was Wednesday, August 24th. This represents a $0.92 annualized dividend and a yield of 5.03%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 1,314.47%.
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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