Wall Street analysts forecast that Easterly Government Properties Inc (NYSE:DEA) will announce $0.32 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Easterly Government Properties’ earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.33. Easterly Government Properties posted earnings per share of $0.03 during the same quarter last year, which would indicate a positive year-over-year growth rate of 966.7%. The company is expected to issue its next quarterly earnings report on Thursday, March 1st.

On average, analysts expect that Easterly Government Properties will report full year earnings of $1.27 per share for the current fiscal year, with EPS estimates ranging from $1.26 to $1.27. For the next fiscal year, analysts expect that the firm will post earnings of $1.34 per share, with EPS estimates ranging from $1.33 to $1.35. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Easterly Government Properties.

Several analysts recently commented on DEA shares. Jefferies Group restated a “buy” rating and set a $24.00 price target on shares of Easterly Government Properties in a research report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Monday, November 27th. Finally, SunTrust Banks set a $24.00 price target on shares of Easterly Government Properties and gave the company a “buy” rating in a research report on Sunday, December 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.13.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its position in shares of Easterly Government Properties by 1.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 29,122 shares of the real estate investment trust’s stock valued at $610,000 after purchasing an additional 456 shares during the period. Legal & General Group Plc grew its position in shares of Easterly Government Properties by 7.8% in the second quarter. Legal & General Group Plc now owns 8,528 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 619 shares during the period. Royal Bank of Canada grew its position in shares of Easterly Government Properties by 1.5% in the second quarter. Royal Bank of Canada now owns 42,064 shares of the real estate investment trust’s stock valued at $882,000 after purchasing an additional 630 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of 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 purchasing an additional 974 shares during the period. Finally, Advisor Group Inc. grew its position in shares of Easterly Government Properties by 30.8% in the second quarter. Advisor Group Inc. now owns 5,625 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 1,326 shares during the period. Institutional investors and hedge funds own 87.22% of the company’s stock.

Shares of Easterly Government Properties (NYSE:DEA) opened at $20.73 on Friday. The company has a market cap of $922.67, a price-to-earnings ratio of 207.30 and a beta of 0.57. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.70. Easterly Government Properties has a 52-week low of $19.08 and a 52-week high of $22.32.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Wednesday, December 6th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 5.02%. The ex-dividend date was Tuesday, December 5th. This is a positive change from Easterly Government Properties’s previous quarterly dividend of $0.25. Easterly Government Properties’s dividend payout ratio (DPR) is currently 1,040.00%.

ILLEGAL ACTIVITY NOTICE: “Zacks: Brokerages Anticipate Easterly Government Properties Inc (DEA) to Announce $0.32 Earnings Per Share” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/01/05/zacks-brokerages-anticipate-easterly-government-properties-inc-dea-to-announce-0-32-earnings-per-share.html.

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).

Get a free copy of the Zacks research report on Easterly Government Properties (DEA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Easterly Government Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Easterly Government Properties and related companies with MarketBeat.com's FREE daily email newsletter.