Easterly Government Properties Inc (NYSE:DEA) – Analysts at SunTrust Banks decreased their FY2018 EPS estimates for shares of Easterly Government Properties in a research note issued to investors on Monday, May 14th, Zacks Investment Research reports. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will post earnings per share of $1.29 for the year, down from their prior forecast of $1.33. SunTrust Banks also issued estimates for Easterly Government Properties’ Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $0.33 EPS, Q3 2019 earnings at $0.33 EPS, Q4 2019 earnings at $0.35 EPS and FY2019 earnings at $1.34 EPS.
Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings data on Tuesday, May 8th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.02). Easterly Government Properties had a return on equity of 0.58% and a net margin of 3.23%. The company had revenue of $35.97 million for the quarter, compared to analyst estimates of $38.53 million. During the same period in the prior year, the firm posted $0.31 earnings per share. The business’s quarterly revenue was up 20.3% compared to the same quarter last year.
Separately, Zacks Investment Research downgraded Easterly Government Properties from a “hold” rating to a “sell” rating in a research report on Monday, May 14th.
Shares of Easterly Government Properties stock opened at $19.99 on Wednesday. Easterly Government Properties has a one year low of $19.03 and a one year high of $22.32. The stock has a market cap of $918.02 million, a PE ratio of 15.87 and a beta of 0.48. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.90 and a quick ratio of 1.90.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Monday, June 11th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend is Friday, June 8th. Easterly Government Properties’s dividend payout ratio is presently 82.54%.
In related news, CAO Alison M. Bernard acquired 2,000 shares of the stock in a transaction dated Tuesday, March 13th. The stock was acquired at an average cost of $19.75 per share, with a total value of $39,500.00. Following the completion of the transaction, the chief accounting officer now owns 501 shares in the company, valued at approximately $9,894.75. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 14.90% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in DEA. BlackRock Inc. boosted its holdings in Easterly Government Properties by 138.1% in the fourth quarter. BlackRock Inc. now owns 6,820,090 shares of the real estate investment trust’s stock valued at $145,541,000 after purchasing an additional 3,955,615 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Easterly Government Properties by 80.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,965,681 shares of the real estate investment trust’s stock valued at $41,948,000 after purchasing an additional 874,481 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Easterly Government Properties by 101.8% in the fourth quarter. Bank of New York Mellon Corp now owns 644,039 shares of the real estate investment trust’s stock valued at $13,744,000 after purchasing an additional 324,869 shares in the last quarter. Deutsche Bank AG boosted its holdings in Easterly Government Properties by 64.4% in the fourth quarter. Deutsche Bank AG now owns 719,014 shares of the real estate investment trust’s stock valued at $15,342,000 after purchasing an additional 281,638 shares in the last quarter. Finally, Two Sigma Investments LP boosted its holdings in Easterly Government Properties by 896.6% in the fourth quarter. Two Sigma Investments LP now owns 219,514 shares of the real estate investment trust’s stock valued at $4,684,000 after purchasing an additional 197,487 shares in the last quarter. 98.86% of the stock is owned by hedge funds and other institutional investors.
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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