Easterly Government Properties, Inc. (NYSE:DEA) – Analysts at Jefferies Group dropped their FY2017 earnings per share (EPS) estimates for Easterly Government Properties in a research note issued to investors on Wednesday. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will post earnings of $1.26 per share for the year, down from their previous forecast of $1.28. Jefferies Group currently has a “Buy” rating and a $24.00 target price on the stock.

DEA has been the subject of a number of other research reports. Zacks Investment Research lowered Easterly Government Properties from a “buy” rating to a “sell” rating in a report on Monday, June 19th. BidaskClub downgraded Easterly Government Properties from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $22.13.

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Shares of Easterly Government Properties (NYSE DEA) traded up 0.54% during midday trading on Friday, reaching $20.33. The company had a trading volume of 9,438 shares. The company has a 50-day moving average price of $20.50 and a 200 day moving average price of $20.14. The company has a market capitalization of $751.64 million, a P/E ratio of 199.31 and a beta of 0.60. Easterly Government Properties has a one year low of $17.94 and a one year high of $21.81.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.28. The firm had revenue of $29.89 million for the quarter, compared to the consensus estimate of $28.14 million. Easterly Government Properties had a net margin of 3.46% and a return on equity of 0.56%. The company’s revenue was up 24.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS.

A number of institutional investors have recently added to or reduced their stakes in DEA. GW&K Investment Management LLC increased its position in shares of Easterly Government Properties by 25.0% in the second quarter. GW&K Investment Management LLC now owns 867,441 shares of the real estate investment trust’s stock valued at $18,173,000 after buying an additional 173,392 shares during the last quarter. Bank of Montreal Can increased its position in shares of Easterly Government Properties by 146.8% in the second quarter. Bank of Montreal Can now owns 19,500 shares of the real estate investment trust’s stock valued at $409,000 after buying an additional 11,600 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Easterly Government Properties by 6.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 17,080 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 1,100 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Easterly Government Properties by 61.1% in the first quarter. Nuveen Asset Management LLC now owns 1,662,468 shares of the real estate investment trust’s stock valued at $32,900,000 after buying an additional 630,517 shares during the last quarter. Finally, Driehaus Capital Management LLC increased its position in shares of Easterly Government Properties by 31.4% in the first quarter. Driehaus Capital Management LLC now owns 258,384 shares of the real estate investment trust’s stock valued at $5,113,000 after buying an additional 61,794 shares during the last quarter. Institutional investors own 91.08% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 29th. Investors of record on Wednesday, June 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 12th. This is an increase from Easterly Government Properties’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 4.95%. Easterly Government Properties’s payout ratio is 1,000.10%.

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).

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

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