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%.

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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).

Earnings History for Easterly Government Properties (NYSE:DEA)

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