Favorable Press Coverage Somewhat Unlikely to Affect Easterly Government Properties (DEA) Share Price
Media headlines about Easterly Government Properties (NYSE:DEA) have been trending positive on Monday, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Easterly Government Properties earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 47.6260369125742 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Easterly Government Properties (DEA) traded down 0.20% during trading on Monday, hitting $20.07. 194,139 shares of the stock were exchanged. Easterly Government Properties has a one year low of $17.94 and a one year high of $21.81. The stock’s 50 day moving average is $20.60 and its 200-day moving average is $20.21. The company has a market cap of $742.03 million, a price-to-earnings ratio of 196.76 and a beta of 0.56.
Easterly Government Properties (NYSE:DEA) last posted its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by $0.28. The company had revenue of $29.89 million during the quarter, compared to the consensus estimate of $28.14 million. Easterly Government Properties had a net margin of 3.46% and a return on equity of 0.56%. The business’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. On average, equities research analysts expect that Easterly Government Properties will post $0.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Wednesday, September 13th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date is Tuesday, September 12th. Easterly Government Properties’s payout ratio is 1,000.10%.
Several equities analysts have issued reports on DEA shares. Zacks Investment Research raised shares of Easterly Government Properties from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Friday, June 2nd. Jefferies Group LLC boosted their price objective on shares of Easterly Government Properties from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, April 18th. Finally, BidaskClub cut shares of Easterly Government Properties from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Easterly Government Properties currently has an average rating of “Hold” and a consensus target price of $22.13.
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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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