Easterly Government Properties Inc (NYSE:DEA) – Investment analysts at Jefferies Group reduced their FY2018 earnings per share (EPS) estimates for Easterly Government Properties in a research note issued on Tuesday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings of $1.34 per share for the year, down from their prior forecast of $1.35. Jefferies Group currently has a “Buy” rating and a $24.00 target price on the stock. Jefferies Group also issued estimates for Easterly Government Properties’ FY2019 earnings at $1.44 EPS.

Several other research analysts have also issued reports on the company. Zacks Investment Research raised Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. SunTrust Banks set a $24.00 target price on Easterly Government Properties and gave the stock a “buy” rating in a research report on Sunday, December 17th.

Easterly Government Properties (NYSE DEA) traded up $0.15 during midday trading on Thursday, hitting $20.73. The company had a trading volume of 339,300 shares, compared to its average volume of 396,818. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.26 and a current ratio of 1.26. Easterly Government Properties has a 12 month low of $19.08 and a 12 month high of $22.32. The firm has a market cap of $892.83 and a P/E ratio of 207.30.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.30). Easterly Government Properties had a net margin of 3.12% and a return on equity of 0.54%.

A number of large investors have recently made changes to their positions in the stock. Legal & General Group Plc raised its position 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 purchasing an additional 619 shares during the last quarter. Royal Bank of Canada raised its position in Easterly Government Properties by 1.5% during the 2nd quarter. Royal Bank of Canada now owns 42,064 shares of the real estate investment trust’s stock worth $882,000 after purchasing an additional 630 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Easterly Government Properties by 3.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 27,816 shares of the real estate investment trust’s stock worth $583,000 after purchasing an additional 974 shares during the last quarter. Advisor Group Inc. raised its position 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 purchasing an additional 1,326 shares during the last quarter. Finally, Suntrust Banks Inc. raised its position in Easterly Government Properties by 9.6% during the 2nd quarter. Suntrust Banks Inc. now owns 15,317 shares of the real estate investment trust’s stock worth $320,000 after purchasing an additional 1,347 shares during the last quarter. 87.22% of the stock is owned by institutional investors and hedge funds.

The business also recently announced 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 is a positive change from Easterly Government Properties’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 5.02%. The ex-dividend date was Tuesday, December 5th. Easterly Government Properties’s dividend payout ratio (DPR) is currently 1,040.00%.

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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).

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

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