Easterly Government Properties Inc (DEA) Expected to Announce Quarterly Sales of $35.83 Million
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.
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.
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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