Easterly Government Properties Inc. (NYSE:dea) announced a quarterly dividend on Friday, November 4th. Stockholders of record on Wednesday, December 7th will be given a dividend of 0.24 per share by the real estate investment trust on Thursday, December 22nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Monday, December 5th. This is an increase from Easterly Government Properties’s previous quarterly dividend of $0.23.

Shares of Easterly Government Properties (NYSE:DEA) opened at 19.46 on Wednesday. The firm has a market cap of $683.92 million, a PE ratio of 249.49 and a beta of 0.60. The company’s 50-day moving average price is $18.82 and its 200-day moving average price is $19.20. Easterly Government Properties has a 52-week low of $16.41 and a 52-week high of $20.82.

Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings results on Tuesday, November 8th. The real estate investment trust reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.01. The business had revenue of $26.98 million for the quarter, compared to analysts’ expectations of $25.93 million. Easterly Government Properties had a net margin of 2.42% and a return on equity of 0.37%. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 earnings per share. Equities analysts expect that Easterly Government Properties will post $1.21 earnings per share for the current fiscal year.

Dividend History for Easterly Government Properties (NYSE:dea)

Several hedge funds have recently made changes to their positions in DEA. American International Group Inc. raised its stake in shares of Easterly Government Properties by 71.3% in the second quarter. American International Group Inc. now owns 13,722 shares of the real estate investment trust’s stock valued at $271,000 after buying an additional 5,710 shares during the period. Sei Investments Co. raised its stake in shares of Easterly Government Properties by 6,625.4% in the second quarter. Sei Investments Co. now owns 173,717 shares of the real estate investment trust’s stock valued at $3,427,000 after buying an additional 171,134 shares during the period. Alliancebernstein L.P. acquired a new stake in shares of Easterly Government Properties during the second quarter valued at about $651,000. BlackRock Institutional Trust Company N.A. raised its stake in shares of Easterly Government Properties by 78.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 469,654 shares of the real estate investment trust’s stock valued at $9,266,000 after buying an additional 205,915 shares during the period. Finally, BlackRock Group LTD raised its stake in shares of 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 valued at $110,000 after buying an additional 2,999 shares during the period. Hedge funds and other institutional investors own 74.55% of the company’s stock.

DEA has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Easterly Government Properties from a “hold” rating to a “sell” rating in a report on Friday, September 2nd. Jefferies Group assumed coverage on shares of Easterly Government Properties in a report on Wednesday, October 5th. They issued a “buy” rating and a $22.00 price target on the stock. Finally, SunTrust Banks Inc. assumed coverage on shares of Easterly Government Properties in a report on Tuesday, October 18th. They issued a “buy” rating and a $21.00 price target on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $19.75.

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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.

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