Easterly Government Properties, Inc. Expected to Earn FY2018 Earnings of $1.34 Per Share (DEA)
Easterly Government Properties, Inc. (NYSE:DEA) – Analysts at Jefferies Group lowered their FY2018 EPS estimates for shares of Easterly Government Properties in a research note issued on Monday. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will earn $1.34 per share for the year, down from their prior estimate of $1.35. Jefferies Group currently has a “Buy” rating and a $24.00 target price on the stock.
Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Monday, November 27th. BidaskClub downgraded shares of Easterly Government Properties from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Wednesday, December 6th will be issued a dividend of $0.26 per share. This is an increase from Easterly Government Properties’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 4.99%. The ex-dividend date is Tuesday, December 5th. Easterly Government Properties’s dividend payout ratio (DPR) is 1,000.00%.
Hedge funds have recently made changes to their positions in the business. Advisor Group Inc. raised its holdings in Easterly Government Properties by 30.8% during the 2nd quarter. Advisor Group Inc. now owns 5,625 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 1,326 shares during the period. Legal & General Group Plc raised its holdings in Easterly Government Properties by 7.8% during the 2nd quarter. Legal & General Group Plc now owns 8,528 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 619 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in Easterly Government Properties by 72.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,582 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 3,609 shares during the period. First Trust Advisors LP acquired a new stake in Easterly Government Properties during the 3rd quarter worth approximately $209,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Easterly Government Properties during the 3rd quarter worth approximately $229,000. Hedge funds and other institutional investors own 87.31% of the company’s stock.
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About Easterly Government Properties
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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