Wall Street brokerages expect Easterly Government Properties Inc (NYSE:DEA) to report earnings per share (EPS) of $0.31 for the current quarter, according to Zacks. Three analysts have made estimates for Easterly Government Properties’ earnings, with estimates ranging from $0.30 to $0.32. Easterly Government Properties reported earnings of $0.30 per share during the same quarter last year, which would suggest a positive year over year growth rate of 3.3%. The firm is scheduled to announce its next earnings results before the market opens on Monday, May 8th.

On average, analysts expect that Easterly Government Properties will report full year earnings of $1.27 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $1.28. For the next financial year, analysts expect that the firm will report earnings of $1.34 per share, with EPS estimates ranging from $1.28 to $1.38. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Easterly Government Properties.

Easterly Government Properties (NYSE:DEA) last issued its earnings results on Thursday, March 2nd. The real estate investment trust reported $0.03 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.03. The company had revenue of $28.75 million for the quarter, compared to analysts’ expectations of $26.85 million. Easterly Government Properties had a net margin of 2.42% and a return on equity of 0.37%. The firm’s revenue was up 29.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 earnings per share.

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A number of research analysts have issued reports on DEA shares. Jefferies Group LLC lifted their price objective on Easterly Government Properties from $23.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday. Zacks Investment Research cut Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Tuesday, February 7th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a $20.50 price target on shares of Easterly Government Properties in a report on Monday, January 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Easterly Government Properties currently has an average rating of “Hold” and an average target price of $21.13.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DEA. AEW Capital Management L P boosted its position in Easterly Government Properties by 25.4% in the third quarter. AEW Capital Management L P now owns 1,560,411 shares of the real estate investment trust’s stock worth $29,773,000 after buying an additional 315,911 shares in the last quarter. State Street Corp boosted its position in Easterly Government Properties by 5.4% in the fourth quarter. State Street Corp now owns 833,861 shares of the real estate investment trust’s stock worth $16,692,000 after buying an additional 42,985 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Easterly Government Properties by 13.9% in the third quarter. Bank of New York Mellon Corp now owns 783,095 shares of the real estate investment trust’s stock worth $14,940,000 after buying an additional 95,430 shares in the last quarter. Putnam Investments LLC boosted its position in Easterly Government Properties by 0.4% in the fourth quarter. Putnam Investments LLC now owns 747,300 shares of the real estate investment trust’s stock worth $14,961,000 after buying an additional 3,192 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its position in Easterly Government Properties by 5.3% in the first quarter. GW&K Investment Management LLC now owns 694,049 shares of the real estate investment trust’s stock worth $13,735,000 after buying an additional 34,903 shares in the last quarter. 77.87% of the stock is owned by institutional investors and hedge funds.

Shares of Easterly Government Properties (NYSE:DEA) opened at 20.87 on Thursday. The firm has a market capitalization of $769.23 million, a PE ratio of 208.70 and a beta of 0.58. Easterly Government Properties has a one year low of $17.58 and a one year high of $21.38. The firm’s 50 day moving average is $20.05 and its 200-day moving average is $19.62.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 22nd. Investors of record on Tuesday, March 7th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.60%. This is a boost from Easterly Government Properties’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, March 3rd. Easterly Government Properties’s payout ratio is currently 1,371.43%.

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About Easterly Government Properties

Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).

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