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%.
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).
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