Easterly Government Properties, Inc. (DEA) Expected to Announce Quarterly Sales of $33.65 Million
Wall Street analysts expect Easterly Government Properties, Inc. (NYSE:DEA) to announce $33.65 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Easterly Government Properties’ earnings. The lowest sales estimate is $33.39 million and the highest is $33.90 million. Easterly Government Properties posted sales of $26.98 million in the same quarter last year, which would indicate a positive year over year growth rate of 24.7%. The business is expected to report its next earnings report on Tuesday, November 14th.
According to Zacks, analysts expect that Easterly Government Properties will report full year sales of $33.65 million for the current financial year, with estimates ranging from $129.41 million to $131.70 million. For the next financial year, analysts forecast that the firm will report sales of $159.08 million per share, with estimates ranging from $151.88 million to $162.70 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Easterly Government Properties.
Easterly Government Properties (NYSE:DEA) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.29). Easterly Government Properties had a net margin of 3.40% and a return on equity of 0.58%. The company had revenue of $30.60 million for the quarter, compared to analyst estimates of $30.61 million. During the same quarter last year, the company earned $0.30 EPS. The business’s revenue was up 22.9% compared to the same quarter last year.
DEA has been the topic of a number of recent research reports. Zacks Investment Research raised Easterly Government Properties from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Friday, June 2nd. BidaskClub lowered Easterly Government Properties from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $22.13.
Shares of Easterly Government Properties (NYSE DEA) traded up 0.88% during trading on Friday, reaching $20.54. 344,910 shares of the company traded hands. The company has a market capitalization of $786.42 million, a price-to-earnings ratio of 205.40 and a beta of 0.56. Easterly Government Properties has a 1-year low of $17.94 and a 1-year high of $21.07. The stock’s 50 day moving average is $20.01 and its 200 day moving average is $20.01.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Wednesday, September 13th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend is Tuesday, September 12th. Easterly Government Properties’s dividend payout ratio is presently 1,000.10%.
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A number of hedge funds have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. grew its holdings in Easterly Government Properties by 1.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 29,122 shares of the real estate investment trust’s stock worth $610,000 after acquiring an additional 456 shares during the period. First National Bank of Omaha grew its holdings in Easterly Government Properties by 0.9% during the second quarter. First National Bank of Omaha now owns 66,638 shares of the real estate investment trust’s stock worth $1,396,000 after acquiring an additional 575 shares during the period. Legal & General Group Plc grew its holdings in Easterly Government Properties by 7.8% during the second quarter. Legal & General Group Plc now owns 8,528 shares of the real estate investment trust’s stock worth $178,000 after acquiring an additional 619 shares during the period. Royal Bank of Canada grew its holdings in Easterly Government Properties by 1.5% during the second quarter. Royal Bank of Canada now owns 42,064 shares of the real estate investment trust’s stock worth $882,000 after acquiring an additional 630 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Easterly Government Properties by 0.3% during the first quarter. Wells Fargo & Company MN now owns 232,680 shares of the real estate investment trust’s stock worth $4,604,000 after acquiring an additional 643 shares during the period. 96.24% of the stock is currently owned by hedge funds and other institutional investors.
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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