Analysts Expect Easterly Government Properties Inc (DEA) to Announce $0.32 Earnings Per Share

Equities research analysts predict that Easterly Government Properties Inc (NYSE:DEA) will post $0.32 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Easterly Government Properties’ earnings. Easterly Government Properties posted earnings per share of $0.31 in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.2%. The business 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 financial year, analysts anticipate that the company will report earnings of $1.33 per share, with EPS estimates ranging from $1.32 to $1.34. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Easterly Government Properties.

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

DEA has been the subject of several recent analyst reports. Zacks Investment Research upgraded Easterly Government Properties from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Monday, November 27th. SunTrust Banks set a $24.00 price objective on Easterly Government Properties and gave the stock a “buy” rating in a research report on Sunday, December 17th.

A number of institutional investors and hedge funds have recently modified their holdings of DEA. SG Americas Securities LLC acquired a new position in Easterly Government Properties in the 4th quarter worth about $108,000. Advisor Group Inc. increased its holdings in Easterly Government Properties by 30.8% in 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 in the last quarter. LS Investment Advisors LLC acquired a new position in Easterly Government Properties in the 4th quarter worth about $142,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in Easterly Government Properties by 72.6% in 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 purchasing an additional 3,609 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Easterly Government Properties by 7.8% in 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 in the last quarter. 87.51% of the stock is owned by institutional investors and hedge funds.

Shares of Easterly Government Properties (DEA) opened at $19.74 on Thursday. 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 1 year low of $19.08 and a 1 year high of $22.32. The firm has a market capitalization of $865.63, a price-to-earnings ratio of 197.40 and a beta of 0.46.

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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).

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

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