Analysts Issue Forecasts for Easterly Government Properties Inc.’s Q3 2016 Earnings (DEA)
Easterly Government Properties Inc. (NYSE:DEA) – Equities research analysts at Jefferies Group issued their Q3 2016 earnings estimates for Easterly Government Properties in a research note issued on Wednesday. Jefferies Group analyst J. Petersen forecasts that the brokerage will earn $0.31 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $22.00 target price on the stock. Jefferies Group also issued estimates for Easterly Government Properties’ Q4 2016 earnings at $0.31 EPS, FY2016 earnings at $1.23 EPS, Q1 2017 earnings at $0.32 EPS, Q2 2017 earnings at $0.33 EPS, Q3 2017 earnings at $0.33 EPS, Q4 2017 earnings at $0.32 EPS, FY2017 earnings at $1.30 EPS and FY2018 earnings at $1.37 EPS.
Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings results on Monday, August 8th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. The company had revenue of $24.90 million for the quarter, compared to analyst estimates of $23.53 million. Easterly Government Properties had a net margin of 2.17% and a return on equity of 0.31%. The firm’s revenue was up 29.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 EPS.
Several other research firms also recently commented on DEA. Citigroup Inc. upped their price objective on shares of Easterly Government Properties from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, July 7th. Zacks Investment Research downgraded shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Thursday, September 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $19.50.
Shares of Easterly Government Properties (NYSE:DEA) traded up 0.49% during midday trading on Friday, hitting $18.39. 67,312 shares of the company traded hands. The stock has a 50 day moving average of $19.34 and a 200-day moving average of $19.09. Easterly Government Properties has a 52 week low of $16.21 and a 52 week high of $20.82. The stock has a market capitalization of $644.79 million, a PE ratio of 248.51 and a beta of 0.59.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Friday, August 26th were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, August 24th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.03%. Easterly Government Properties’s dividend payout ratio (DPR) is presently 1,314.47%.
In other Easterly Government Properties news, Director James E. Mead purchased 2,000 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were bought at an average cost of $19.72 per share, with a total value of $39,440.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James E. Mead purchased 4,000 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was acquired at an average cost of $19.18 per share, for a total transaction of $76,720.00. Following the completion of the acquisition, the director now owns 4,033 shares in the company, valued at approximately $77,352.94. The disclosure for this purchase can be found here. Corporate insiders own 18.10% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Group LTD boosted its position in Easterly Government Properties by 115.3% in the second quarter. BlackRock Group LTD now owns 5,601 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 2,999 shares in the last quarter. BlackRock Inc. boosted its position in Easterly Government Properties by 571.9% in the second quarter. BlackRock Inc. now owns 6,625 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 5,639 shares in the last quarter. Societe Generale acquired a new position in Easterly Government Properties during the second quarter worth approximately $155,000. SG Americas Securities LLC acquired a new position in Easterly Government Properties during the second quarter worth approximately $155,000. Finally, Security National Trust Co. acquired a new position in Easterly Government Properties during the second quarter worth approximately $158,000. 57.84% of the stock is currently owned by institutional investors.
About Easterly Government Properties
Easterly Government Properties, Inc is a real estate investment trust (REIT). The Company is focused primarily on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies, such as the Drug Enforcement Administration, Federal Bureau of Investigation, Internal Revenue Service, Patent and Trademark Office, Customs and Border Protection, U.S.
Receive News & Stock Ratings for Easterly Government Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Easterly Government Properties Inc. and related stocks with our FREE daily email newsletter.