Easterly Government Properties, Inc. (NYSE:DEA) – Stock analysts at SunTrust Banks lowered their Q4 2017 EPS estimates for Easterly Government Properties in a research report issued on Tuesday. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will earn $0.32 per share for the quarter, down from their previous estimate of $0.33. SunTrust Banks also issued estimates for Easterly Government Properties’ Q1 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $1.33 EPS, FY2019 earnings at $1.35 EPS, FY2020 earnings at $1.45 EPS and FY2021 earnings at $1.52 EPS.

Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Easterly Government Properties from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Thursday, April 20th. Jefferies Group LLC reissued a “buy” rating and set a $24.00 target price on shares of Easterly Government Properties in a research report on Monday, May 22nd. Finally, BidaskClub downgraded shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $22.13.

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Shares of Easterly Government Properties (NYSE:DEA) opened at 19.79 on Friday. The firm has a market capitalization of $757.70 million, a P/E ratio of 197.90 and a beta of 0.56. Easterly Government Properties has a 12 month low of $17.94 and a 12 month high of $21.81. The firm’s 50-day moving average is $20.16 and its 200 day moving average is $20.19.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.29. The company had revenue of $30.60 million for the quarter, compared to analyst estimates of $30.61 million. Easterly Government Properties had a return on equity of 0.58% and a net margin of 3.40%. The company’s revenue was up 22.9% on a year-over-year basis. During the same quarter last year, the business earned $0.30 earnings per share.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DEA. Public Employees Retirement System of Ohio increased its position in Easterly Government Properties by 3.6% in the second quarter. Public Employees Retirement System of Ohio now owns 27,816 shares of the real estate investment trust’s stock valued at $583,000 after buying an additional 974 shares during the period. Westwood Holdings Group Inc. increased its position in Easterly Government Properties by 35.8% in the second quarter. Westwood Holdings Group Inc. now owns 740,318 shares of the real estate investment trust’s stock valued at $15,510,000 after buying an additional 195,240 shares during the period. Susquehanna International Group LLP increased its position in Easterly Government Properties by 46.9% in the second quarter. Susquehanna International Group LLP now owns 92,575 shares of the real estate investment trust’s stock valued at $1,939,000 after buying an additional 29,540 shares during the period. California State Teachers Retirement System increased its position in Easterly Government Properties by 2.8% in the second quarter. California State Teachers Retirement System now owns 65,853 shares of the real estate investment trust’s stock valued at $1,380,000 after buying an additional 1,769 shares during the period. Finally, M&R Capital Management Inc. acquired a new position in Easterly Government Properties during the second quarter valued at approximately $579,000. 90.12% of the stock is owned by institutional investors.

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend is Tuesday, September 12th. Easterly Government Properties’s dividend payout ratio is currently 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).

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

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