Zacks: Analysts Expect Easterly Government Properties, Inc. (NYSE:DEA) Will Announce Earnings of $0.32 Per Share


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Equities research analysts forecast that Easterly Government Properties, Inc. (NYSE:DEA) will post $0.32 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Easterly Government Properties’ earnings. The lowest EPS estimate is $0.32 and the highest is $0.33. Easterly Government Properties posted earnings of $0.30 per share in the same quarter last year, which indicates a positive year over year growth rate of 6.7%. The firm is scheduled to report its next quarterly earnings report before the market opens on Tuesday, May 4th.

On average, analysts expect that Easterly Government Properties will report full-year earnings of $1.30 per share for the current financial year, with EPS estimates ranging from $1.30 to $1.31. For the next year, analysts anticipate that the company will report earnings of $1.33 per share, with EPS estimates ranging from $1.31 to $1.34. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Easterly Government Properties.

Easterly Government Properties (NYSE:DEA) last released its quarterly earnings data on Wednesday, February 24th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.28). Easterly Government Properties had a net margin of 4.60% and a return on equity of 0.89%.

A number of brokerages have recently weighed in on DEA. Zacks Investment Research upgraded Easterly Government Properties from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, April 14th. BMO Capital Markets began coverage on Easterly Government Properties in a research note on Wednesday, December 23rd. They set an “outperform” rating and a $26.00 price target on the stock. Finally, Raymond James boosted their price target on Easterly Government Properties from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 3rd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Easterly Government Properties has an average rating of “Buy” and an average price target of $25.38.

In other Easterly Government Properties news, CEO William C. Trimble sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 9th. The stock was sold at an average price of $21.33, for a total value of $853,200.00. Following the completion of the transaction, the chief executive officer now directly owns 131,279 shares of the company’s stock, valued at $2,800,181.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Darrell W. Crate sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 12th. The shares were sold at an average price of $21.09, for a total value of $42,180.00. Following the completion of the transaction, the chairman now directly owns 7,428 shares of the company’s stock, valued at $156,656.52. The disclosure for this sale can be found here. Insiders sold 44,000 shares of company stock valued at $937,240 over the last three months. 9.90% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in DEA. Amundi Pioneer Asset Management Inc. raised its stake in shares of Easterly Government Properties by 6.6% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 30,821 shares of the real estate investment trust’s stock worth $555,000 after buying an additional 1,907 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Easterly Government Properties by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 891,104 shares of the real estate investment trust’s stock valued at $19,970,000 after purchasing an additional 32,912 shares during the last quarter. AQR Capital Management LLC raised its stake in Easterly Government Properties by 131.6% in the 3rd quarter. AQR Capital Management LLC now owns 53,245 shares of the real estate investment trust’s stock valued at $1,193,000 after purchasing an additional 30,255 shares during the last quarter. California State Teachers Retirement System raised its stake in Easterly Government Properties by 7.1% in the 3rd quarter. California State Teachers Retirement System now owns 121,126 shares of the real estate investment trust’s stock valued at $2,714,000 after purchasing an additional 8,019 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its stake in Easterly Government Properties by 24.6% in the 3rd quarter. Voloridge Investment Management LLC now owns 103,017 shares of the real estate investment trust’s stock valued at $2,309,000 after purchasing an additional 20,313 shares during the last quarter. 95.91% of the stock is owned by institutional investors and hedge funds.

DEA traded down $0.02 on Wednesday, hitting $21.47. The company had a trading volume of 346,368 shares, compared to its average volume of 705,869. The stock has a fifty day moving average price of $21.29 and a 200-day moving average price of $21.94. Easterly Government Properties has a 12-month low of $20.32 and a 12-month high of $28.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 153.50 and a beta of 0.45.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 17th. Shareholders of record on Friday, March 5th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date was Thursday, March 4th. Easterly Government Properties’s payout ratio is presently 86.67%.

Easterly Government Properties Company Profile

Easterly Government Properties, Inc (NYSE:DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.

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

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