Brokerages Expect Easterly Government Properties, Inc. (DEA) Will Announce Earnings of $0.32 Per Share

Wall Street analysts predict that Easterly Government Properties, Inc. (NYSE:DEA) will post earnings per share of $0.32 for the current quarter, Zacks reports. Three analysts have provided estimates for Easterly Government Properties’ earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.32. Easterly Government Properties reported earnings per share of $0.02 during the same quarter last year, which suggests a positive year-over-year growth rate of 1,500%. The firm is expected to report its next earnings report on Tuesday, November 14th.

According to Zacks, analysts expect that Easterly Government Properties will report full year earnings of $1.26 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $1.26. For the next financial year, analysts forecast that the business will report earnings of $1.33 per share, with EPS estimates ranging from $1.32 to $1.35. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Easterly Government Properties.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.29). The firm had revenue of $30.60 million during the quarter, compared to analysts’ expectations of $30.61 million. Easterly Government Properties had a net margin of 3.40% and a return on equity of 0.58%. The firm’s revenue was up 22.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS.

A number of research analysts recently issued reports on DEA shares. Zacks Investment Research upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub cut shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Jefferies Group LLC restated a “buy” rating and set a $24.00 price objective on shares of Easterly Government Properties in a report on Tuesday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.83.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Inc. raised its position 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 in the last quarter. Legal & General Group Plc raised its position 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 in the last quarter. Prudential Financial Inc. bought a new stake in Easterly Government Properties during the first quarter worth $202,000. Teacher Retirement System of Texas bought a new stake in Easterly Government Properties during the first quarter worth $212,000. Finally, Dubuque Bank & Trust Co. raised its position in Easterly Government Properties by 8.7% during the second quarter. Dubuque Bank & Trust Co. now owns 11,697 shares of the real estate investment trust’s stock worth $245,000 after acquiring an additional 940 shares in the last quarter. 96.24% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Wednesday, September 13th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date was Tuesday, September 12th. Easterly Government Properties’s dividend payout ratio is presently 1,000.10%.

ILLEGAL ACTIVITY WARNING: “Brokerages Expect Easterly Government Properties, Inc. (DEA) Will Announce Earnings of $0.32 Per Share” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/10/13/brokerages-expect-easterly-government-properties-inc-dea-will-announce-earnings-of-0-32-per-share.html.

Easterly Government Properties Company Profile

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).

Get a free copy of the Zacks research report on Easterly Government Properties (DEA)

According to Zacks, analysts expect that Easterly Government Properties will report full year earnings of $1.26 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $1.26. For the next financial year, analysts forecast that the business will report earnings of $1.33 per share, with EPS estimates ranging from $1.32 to $1.35. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Easterly Government Properties.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.29). The firm had revenue of $30.60 million during the quarter, compared to analysts’ expectations of $30.61 million. Easterly Government Properties had a net margin of 3.40% and a return on equity of 0.58%. The firm’s revenue was up 22.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 EPS.

A number of research analysts recently issued reports on DEA shares. Zacks Investment Research upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub cut shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Jefferies Group LLC restated a “buy” rating and set a $24.00 price objective on shares of Easterly Government Properties in a report on Tuesday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.83.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Inc. raised its position 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 in the last quarter. Legal & General Group Plc raised its position 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 in the last quarter. Prudential Financial Inc. bought a new stake in Easterly Government Properties during the first quarter worth $202,000. Teacher Retirement System of Texas bought a new stake in Easterly Government Properties during the first quarter worth $212,000. Finally, Dubuque Bank & Trust Co. raised its position in Easterly Government Properties by 8.7% during the second quarter. Dubuque Bank & Trust Co. now owns 11,697 shares of the real estate investment trust’s stock worth $245,000 after acquiring an additional 940 shares in the last quarter. 96.24% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Wednesday, September 13th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date was Tuesday, September 12th. Easterly Government Properties’s dividend payout ratio is presently 1,000.10%.

ILLEGAL ACTIVITY WARNING: “Brokerages Expect Easterly Government Properties, Inc. (DEA) Will Announce Earnings of $0.32 Per Share” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/10/13/brokerages-expect-easterly-government-properties-inc-dea-will-announce-earnings-of-0-32-per-share.html.

Easterly Government Properties Company Profile

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).

Get a free copy of the Zacks research report on Easterly Government Properties (DEA)

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

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