Jefferies Group Analysts Cut Earnings Estimates for Easterly Government Properties Inc (DEA)

Easterly Government Properties Inc (NYSE:DEA) – Research analysts at Jefferies Group cut their FY2018 earnings per share estimates for Easterly Government Properties in a research report issued to clients and investors on Tuesday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings per share of $1.34 for the year, down from their previous forecast of $1.35. Jefferies Group currently has a “Buy” rating and a $24.00 target price on the stock. Jefferies Group also issued estimates for Easterly Government Properties’ FY2019 earnings at $1.44 EPS.

Easterly Government Properties (NYSE:DEA) last issued its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.30). Easterly Government Properties had a net margin of 3.12% and a return on equity of 0.54%.

DEA has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. SunTrust Banks set a $24.00 target price on shares of Easterly Government Properties and gave the company a “buy” rating in a research note on Sunday, December 17th.

Shares of Easterly Government Properties (NYSE:DEA) traded up $0.19 during trading on Thursday, hitting $20.50. 669,708 shares of the stock were exchanged, compared to its average volume of 338,260. The firm has a market cap of $891.08, a price-to-earnings ratio of 205.00 and a beta of 0.57. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.70. Easterly Government Properties has a 1-year low of $19.08 and a 1-year high of $22.32.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. raised its stake in Easterly Government Properties by 30.8% during the second quarter. Advisor Group Inc. now owns 5,625 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 1,326 shares during the period. Legal & General Group Plc raised its stake in Easterly Government Properties by 7.8% during the second quarter. Legal & General Group Plc now owns 8,528 shares of the real estate investment trust’s stock worth $178,000 after acquiring an additional 619 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in Easterly Government Properties by 72.6% during 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 acquiring an additional 3,609 shares during the period. State of Alaska Department of Revenue acquired a new stake in Easterly Government Properties during the fourth quarter worth about $186,000. Finally, First Trust Advisors LP acquired a new stake in Easterly Government Properties during the third quarter worth about $209,000. Hedge funds and other institutional investors own 87.22% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Wednesday, December 6th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date was Tuesday, December 5th. This is a positive change from Easterly Government Properties’s previous quarterly dividend of $0.25. Easterly Government Properties’s dividend payout ratio is 1,040.00%.

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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).

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

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