Easterly Government Properties Inc (NYSE:DEA) – Equities research analysts at Boenning Scattergood issued their FY2018 earnings per share (EPS) estimates for Easterly Government Properties in a note issued to investors on Wednesday, November 28th. Boenning Scattergood analyst M. Ross anticipates that the real estate investment trust will post earnings per share of $1.20 for the year. Boenning Scattergood has a “Outperform” rating and a $23.00 price target on the stock. Boenning Scattergood also issued estimates for Easterly Government Properties’ Q4 2018 earnings at $0.34 EPS, Q1 2019 earnings at $0.30 EPS, Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.28 EPS, Q4 2019 earnings at $0.34 EPS and FY2019 earnings at $1.20 EPS.
Other equities research analysts have also recently issued research reports about the company. ValuEngine upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded Easterly Government Properties from a “sell” rating to a “hold” rating in a research note on Monday, September 24th.
DEA opened at $18.22 on Monday. Easterly Government Properties has a 1-year low of $17.39 and a 1-year high of $22.32. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $1.11 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 5.18 and a beta of 0.52.
Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. Easterly Government Properties had a return on equity of 0.70% and a net margin of 4.30%. The company had revenue of $39.40 million for the quarter, compared to analysts’ expectations of $39.59 million. During the same quarter in the prior year, the business posted $0.32 EPS. The business’s revenue was up 16.2% compared to the same quarter last year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its holdings in Easterly Government Properties by 109.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,874 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 3,064 shares in the last quarter. Monetary Management Group Inc. acquired a new position in Easterly Government Properties in the 2nd quarter valued at $119,000. Glen Harbor Capital Management LLC grew its holdings in Easterly Government Properties by 61.7% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 7,150 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 2,728 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in Easterly Government Properties by 62.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 8,100 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 3,100 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in Easterly Government Properties in the 3rd quarter valued at $209,000.
In related news, Chairman Darrell W. Crate sold 400,000 shares of the stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $19.65, for a total value of $7,860,000.00. Following the sale, the chairman now owns 45,000 shares in the company, valued at approximately $884,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William C. Trimble sold 9,000 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $19.96, for a total value of $179,640.00. Following the completion of the sale, the chief executive officer now owns 90,713 shares in the company, valued at approximately $1,810,631.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 436,125 shares of company stock worth $8,541,840. 14.90% of the stock is owned by company insiders.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Thursday, December 13th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend is Wednesday, December 12th. Easterly Government Properties’s dividend payout ratio (DPR) is presently 82.54%.
About Easterly Government Properties
Easterly Government Properties, Inc (NYSE:DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.
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.