Wall Street analysts forecast that Easterly Government Properties Inc (NYSE:DEA) will report $35.83 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Easterly Government Properties’ earnings, with the highest sales estimate coming in at $36.64 million and the lowest estimate coming in at $34.90 million. Easterly Government Properties posted sales of $28.75 million during the same quarter last year, which would indicate a positive year over year growth rate of 24.6%. The business is scheduled to announce its next quarterly earnings results before the market opens on Thursday, March 1st.

On average, analysts expect that Easterly Government Properties will report full year sales of $35.83 million for the current fiscal year, with estimates ranging from $129.20 million to $130.99 million. For the next financial year, analysts expect that the business will post sales of $160.49 million per share, with estimates ranging from $156.00 million to $164.94 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Easterly Government Properties.

DEA has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Easterly Government Properties from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Wednesday, January 10th. SunTrust Banks set a $24.00 price target on shares of Easterly Government Properties and gave the stock a “buy” rating in a research report on Sunday, December 17th.

Several hedge funds have recently added to or reduced their stakes in DEA. BlackRock Inc. raised its position in shares of Easterly Government Properties by 138.1% during the 4th quarter. BlackRock Inc. now owns 6,820,090 shares of the real estate investment trust’s stock worth $145,541,000 after buying an additional 3,955,615 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of Easterly Government Properties during the 2nd quarter worth about $22,515,000. Renaissance Technologies LLC raised its position in shares of Easterly Government Properties by 80.1% during the 4th quarter. Renaissance Technologies LLC now owns 1,965,681 shares of the real estate investment trust’s stock worth $41,948,000 after buying an additional 874,481 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Easterly Government Properties by 101.8% during the 4th quarter. Bank of New York Mellon Corp now owns 644,039 shares of the real estate investment trust’s stock worth $13,744,000 after buying an additional 324,869 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its position in shares of Easterly Government Properties by 30.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,125,198 shares of the real estate investment trust’s stock worth $23,258,000 after buying an additional 261,188 shares in the last quarter. Institutional investors own 87.74% of the company’s stock.

Shares of Easterly Government Properties (DEA) traded up $0.05 during trading hours on Friday, reaching $19.86. 421,369 shares of the company traded hands, compared to its average volume of 414,176. The company has a market cap of $878.79, a P/E ratio of 198.60 and a beta of 0.46. Easterly Government Properties has a 12-month low of $19.08 and a 12-month high of $22.32. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.26 and a current ratio of 1.26.

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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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Earnings History and Estimates for Easterly Government Properties (NYSE:DEA)

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