Easterly Government Properties, Inc. (DEA) Posts Quarterly Earnings Results, Misses Expectations By $0.29 EPS
Easterly Government Properties, Inc. (NYSE:DEA) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.29, MarketWatch Earnings reports. Easterly Government Properties had a net margin of 3.46% and a return on equity of 0.56%. The business had revenue of $30.60 million for the quarter, compared to analysts’ expectations of $30.61 million. During the same period in the previous year, the company earned $0.30 EPS. Easterly Government Properties’s revenue for the quarter was up 22.9% compared to the same quarter last year. Easterly Government Properties updated its FY17 guidance to $1.25-1.29 EPS.
Shares of Easterly Government Properties (NYSE:DEA) opened at 19.88 on Wednesday. Easterly Government Properties has a 52-week low of $17.94 and a 52-week high of $21.81. The stock has a market cap of $735.00 million, a price-to-earnings ratio of 194.90 and a beta of 0.56. The stock’s 50 day moving average is $20.51 and its 200 day moving average is $20.21.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.03%. The ex-dividend date is Tuesday, September 12th. Easterly Government Properties’s payout ratio is currently 1,000.10%.
DEA has been the subject of several research reports. Zacks Investment Research raised shares of Easterly Government Properties from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Friday, June 2nd. Jefferies Group LLC upped their price target on shares of Easterly Government Properties from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, April 18th. Finally, BidaskClub lowered shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Easterly Government Properties presently has a consensus rating of “Hold” and a consensus target price of $22.13.
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).
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