Easterly Government Properties Inc (NYSE:DEA) – Investment analysts at SunTrust Banks reduced their Q2 2017 earnings estimates for Easterly Government Properties in a note issued to investors on Thursday. SunTrust Banks analyst M. Lewis now forecasts that the real estate investment trust will post earnings of $0.30 per share for the quarter, down from their prior forecast of $0.31. SunTrust Banks also issued estimates for Easterly Government Properties’ Q3 2017 earnings at $0.32 EPS.

Easterly Government Properties (NYSE:DEA) last announced its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.28. Easterly Government Properties had a net margin of 2.42% and a return on equity of 0.37%. The business had revenue of $29.89 million for the quarter, compared to analyst estimates of $28.14 million. During the same period in the prior year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up 24.7% on a year-over-year basis.

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Earnings History and Estimates for Easterly Government Properties (NYSE:DEA)

A number of other analysts also recently issued reports on DEA. Zacks Investment Research downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Tuesday, February 7th. Jefferies Group LLC reaffirmed a “buy” rating and set a $23.00 price target on shares of Easterly Government Properties in a report on Thursday, March 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Easterly Government Properties currently has an average rating of “Buy” and an average price target of $21.30.

Easterly Government Properties (NYSE:DEA) opened at 20.09 on Friday. The firm has a market capitalization of $742.77 million, a price-to-earnings ratio of 196.96 and a beta of 0.58. Easterly Government Properties has a one year low of $17.68 and a one year high of $21.38. The stock has a 50 day moving average price of $20.22 and a 200-day moving average price of $19.84.

Several hedge funds have recently bought and sold shares of DEA. Russell Investments Group Ltd. purchased a new stake in Easterly Government Properties during the fourth quarter worth approximately $758,000. Norges Bank purchased a new stake in Easterly Government Properties during the fourth quarter worth approximately $310,000. State of Wisconsin Investment Board boosted its stake in Easterly Government Properties by 4.9% in the third quarter. State of Wisconsin Investment Board now owns 632,540 shares of the real estate investment trust’s stock worth $12,069,000 after buying an additional 29,320 shares during the period. Brown Advisory Inc. boosted its stake in Easterly Government Properties by 19.2% in the fourth quarter. Brown Advisory Inc. now owns 606,578 shares of the real estate investment trust’s stock worth $12,144,000 after buying an additional 97,650 shares during the period. Finally, Bessemer Group Inc. boosted its stake in Easterly Government Properties by 0.5% in the fourth quarter. Bessemer Group Inc. now owns 62,700 shares of the real estate investment trust’s stock worth $1,255,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 77.87% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Wednesday, June 14th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, June 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.98%. This is a boost from Easterly Government Properties’s previous quarterly dividend of $0.24. Easterly Government Properties’s payout ratio is 1,371.43%.

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).

12 Month Chart for NYSE:DEA

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