Wall Street analysts forecast that Easterly Government Properties Inc (NYSE:DEA) will report $62.04 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Easterly Government Properties’ earnings. The highest sales estimate is $63.10 million and the lowest is $61.17 million. Easterly Government Properties reported sales of $57.59 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.7%. The firm is scheduled to report its next earnings results on Wednesday, November 4th.
According to Zacks, analysts expect that Easterly Government Properties will report full year sales of $244.84 million for the current year, with estimates ranging from $243.78 million to $246.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $268.03 million, with estimates ranging from $266.10 million to $270.20 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Easterly Government Properties.
Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.26). The firm had revenue of $60.53 million for the quarter, compared to analysts’ expectations of $60.78 million. Easterly Government Properties had a return on equity of 0.60% and a net margin of 3.10%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS.
In other news, Chairman Darrell W. Crate sold 5,000 shares of Easterly Government Properties stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $22.79, for a total transaction of $113,950.00. Following the completion of the sale, the chairman now directly owns 16,029 shares in the company, valued at approximately $365,300.91. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William C. Trimble sold 21,250 shares of Easterly Government Properties stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $24.01, for a total transaction of $510,212.50. Following the sale, the chief executive officer now owns 115,264 shares of the company’s stock, valued at $2,767,488.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,750 shares of company stock valued at $1,746,175. 9.90% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. grew its position 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 valued at $555,000 after buying an additional 1,907 shares during the last quarter. Victory Capital Management Inc. grew its position in Easterly Government Properties by 90.8% in the 1st quarter. Victory Capital Management Inc. now owns 73,005 shares of the real estate investment trust’s stock worth $1,799,000 after purchasing an additional 34,737 shares during the last quarter. KBC Group NV bought a new position in Easterly Government Properties in the 1st quarter worth about $28,000. Aperio Group LLC grew its position in Easterly Government Properties by 20.0% in the 1st quarter. Aperio Group LLC now owns 69,036 shares of the real estate investment trust’s stock worth $1,701,000 after purchasing an additional 11,502 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new position in Easterly Government Properties in the 1st quarter worth about $206,000. Institutional investors own 94.77% of the company’s stock.
Shares of DEA stock traded down $0.34 during mid-day trading on Wednesday, hitting $22.19. 578,133 shares of the stock were exchanged, compared to its average volume of 776,507. The stock’s fifty day simple moving average is $24.08 and its two-hundred day simple moving average is $24.45. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 221.90 and a beta of 0.43. Easterly Government Properties has a 12-month low of $19.00 and a 12-month high of $29.69. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 0.97.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Thursday, August 13th were given a $0.26 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $1.04 dividend on an annualized basis and a yield of 4.69%. Easterly Government Properties’s payout ratio is currently 86.67%.
About Easterly Government Properties
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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