Analysts Anticipate Easterly Government Properties, Inc. (DEA) Will Announce Quarterly Sales of $36.22 Million
Brokerages forecast that Easterly Government Properties, Inc. (NYSE:DEA) will report sales of $36.22 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Easterly Government Properties’ earnings, with the highest sales estimate coming in at $36.95 million and the lowest estimate coming in at $35.81 million. Easterly Government Properties reported sales of $28.75 million during the same quarter last year, which indicates a positive year-over-year growth rate of 26%. The business is scheduled to report its next earnings results on Thursday, March 1st.
According to Zacks, analysts expect that Easterly Government Properties will report full year sales of $36.22 million for the current financial year, with estimates ranging from $130.16 million to $131.00 million. For the next year, analysts expect that the business will report sales of $160.34 million per share, with estimates ranging from $158.80 million to $162.65 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Easterly Government Properties.
A number of equities analysts recently commented on DEA shares. BidaskClub downgraded Easterly Government Properties from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, September 13th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $24.00 price target on shares of Easterly Government Properties in a research note on Tuesday, October 10th.
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Shares of Easterly Government Properties (NYSE:DEA) traded down $0.06 during trading on Friday, hitting $20.82. The stock had a trading volume of 285,171 shares, compared to its average volume of 265,813. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $913.45, a P/E ratio of 16.66 and a beta of 0.55. Easterly Government Properties has a 12 month low of $18.56 and a 12 month high of $21.81.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Wednesday, December 6th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 5.00%. This is an increase from Easterly Government Properties’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, December 5th. Easterly Government Properties’s dividend payout ratio (DPR) is 1,000.00%.
Large investors have recently bought and sold shares of the stock. Advisor Group Inc. grew its stake in Easterly Government Properties by 30.8% in the second 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. Legal & General Group Plc grew its stake in Easterly Government Properties by 7.8% in the second 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. Ladenburg Thalmann Financial Services Inc. grew its stake in Easterly Government Properties by 72.6% in the third 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. First Trust Advisors LP acquired a new position in Easterly Government Properties in the third quarter worth about $209,000. Finally, Prudential Financial Inc. acquired a new position in Easterly Government Properties in the first quarter worth about $202,000. Institutional investors and hedge funds own 85.99% of the company’s stock.
About Easterly Government Properties
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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