$0.31 Earnings Per Share Expected for Easterly Government Properties, Inc. (NYSE:DEA) This Quarter
Equities analysts expect Easterly Government Properties, Inc. (NYSE:DEA) to announce earnings per share (EPS) of $0.31 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Easterly Government Properties’ earnings. The lowest EPS estimate is $0.30 and the highest is $0.31. Easterly Government Properties reported earnings per share of $0.30 in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.3%. The company is expected to announce its next earnings report before the market opens on Tuesday, August 8th.
According to Zacks, analysts expect that Easterly Government Properties will report full-year earnings of $1.26 per share for the current year, with EPS estimates ranging from $1.25 to $1.27. For the next fiscal year, analysts expect that the company will post earnings of $1.37 per share, with EPS estimates ranging from $1.35 to $1.38. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Easterly Government Properties.
Easterly Government Properties (NYSE:DEA) last released its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.28. The company had revenue of $29.89 million for the quarter, compared to analysts’ expectations of $28.14 million. Easterly Government Properties had a net margin of 3.46% and a return on equity of 0.56%. The business’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 EPS.
Several brokerages have weighed in on DEA. Zacks Investment Research raised shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub lowered shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $24.00 price objective on shares of Easterly Government Properties in a report on Monday, May 22nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.13.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tributary Capital Management LLC raised its position in Easterly Government Properties by 11.9% in the second quarter. Tributary Capital Management LLC now owns 784,929 shares of the real estate investment trust’s stock valued at $16,444,000 after buying an additional 83,160 shares during the period. Dubuque Bank & Trust Co. raised its position in Easterly Government Properties by 8.7% in the second quarter. Dubuque Bank & Trust Co. now owns 11,697 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 940 shares during the last quarter. First National Bank of Omaha raised its position in Easterly Government Properties by 0.9% in the second quarter. First National Bank of Omaha now owns 66,638 shares of the real estate investment trust’s stock worth $1,396,000 after buying an additional 575 shares during the last quarter. GW&K Investment Management LLC raised its position in 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 worth $18,173,000 after buying an additional 173,392 shares during the last quarter. Finally, Bank of Montreal Can raised its position in 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 worth $409,000 after buying an additional 11,600 shares during the last quarter. 91.56% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: This news story was posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/07/26/0-31-earnings-per-share-expected-for-easterly-government-properties-inc-nysedea-this-quarter.html.
Easterly Government Properties (DEA) traded down 0.05% during midday trading on Wednesday, hitting $20.07. The stock had a trading volume of 202,971 shares. The stock has a 50 day moving average of $20.74 and a 200 day moving average of $20.21. The stock has a market cap of $744.42 million, a price-to-earnings ratio of 182.45 and a beta of 0.60. Easterly Government Properties has a 12 month low of $17.94 and a 12 month high of $21.81.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 29th. Stockholders of record on Wednesday, June 14th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 12th. This is a positive change from Easterly Government Properties’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 4.98%. Easterly Government Properties’s payout ratio is 1,000.10%.
Easterly Government Properties Company Profile
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Easterly Government Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Easterly Government Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.