Easterly Government Properties, Inc. (DEA) Updates FY17 Earnings Guidance
Easterly Government Properties, Inc. (NYSE:DEA) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.25-1.29 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.26.
Shares of Easterly Government Properties, Inc. (NYSE DEA) opened at 19.70 on Tuesday. The company has a 50-day moving average price of $20.60 and a 200 day moving average price of $20.21. The company has a market capitalization of $728.35 million, a P/E ratio of 193.14 and a beta of 0.56. Easterly Government Properties, Inc. has a 12-month low of $17.94 and a 12-month high of $21.81.
Easterly Government Properties (NYSE:DEA) last posted its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by $0.02. Easterly Government Properties had a net margin of 3.46% and a return on equity of 0.56%. The company had revenue of $30.60 million during the quarter, compared to analysts’ expectations of $30.61 million. During the same period in the previous year, the company posted $0.30 EPS. Easterly Government Properties’s quarterly revenue was up 22.9% compared to the same quarter last year. On average, equities analysts anticipate that Easterly Government Properties, Inc. will post $0.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Wednesday, September 13th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Tuesday, September 12th. Easterly Government Properties’s payout ratio is currently 1,000.10%.
A number of equities research analysts recently issued reports on the company. Jefferies Group LLC reaffirmed a buy rating and issued a $24.00 target price on shares of Easterly Government Properties in a research note on Monday, May 22nd. Zacks Investment Research raised Easterly Government Properties from a hold rating to a buy rating and set a $22.00 target price on the stock in a research note on Monday, May 8th. Finally, BidaskClub lowered Easterly Government Properties from a buy rating to a hold rating in a research note on Saturday, July 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $22.13.
ILLEGAL ACTIVITY WARNING: This piece of content was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/08/easterly-government-properties-inc-dea-updates-fy17-earnings-guidance.html.
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).
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.