Analysts Anticipate Easterly Government Properties Inc (DEA) Will Announce Quarterly Sales of $40.16 Million
Analysts expect Easterly Government Properties Inc (NYSE:DEA) to announce sales of $40.16 million for the current quarter, according to Zacks. Three analysts have provided estimates for Easterly Government Properties’ earnings, with estimates ranging from $39.91 million to $40.40 million. Easterly Government Properties reported sales of $33.86 million in the same quarter last year, which indicates a positive year-over-year growth rate of 18.6%. The company is scheduled to report its next quarterly earnings report on Tuesday, November 6th.
According to Zacks, analysts expect that Easterly Government Properties will report full-year sales of $159.03 million for the current fiscal year, with estimates ranging from $158.30 million to $159.90 million. For the next financial year, analysts anticipate that the company will report sales of $210.59 million per share, with estimates ranging from $207.48 million to $215.48 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Easterly Government Properties.
Easterly Government Properties (NYSE:DEA) last announced its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.28). Easterly Government Properties had a net margin of 3.51% and a return on equity of 0.59%. The firm had revenue of $36.97 million during the quarter, compared to the consensus estimate of $37.04 million.
In other news, CEO William C. Trimble sold 9,000 shares of Easterly Government Properties stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $19.75, for a total transaction of $177,750.00. Following the completion of the sale, the chief executive officer now directly owns 90,713 shares of the company’s stock, valued at approximately $1,791,581.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Darrell W. Crate sold 8,125 shares of Easterly Government Properties stock in a transaction on Monday, July 9th. The stock was sold at an average price of $20.00, for a total transaction of $162,500.00. Following the sale, the chairman now directly owns 53,125 shares of the company’s stock, valued at $1,062,500. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,250 shares of company stock valued at $502,750. Insiders own 14.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank lifted its holdings in shares of Easterly Government Properties by 5.5% during the 1st quarter. Comerica Bank now owns 50,136 shares of the real estate investment trust’s stock worth $1,014,000 after acquiring an additional 2,622 shares during the last quarter. Glen Harbor Capital Management LLC lifted its holdings in shares of Easterly Government Properties by 61.7% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 7,150 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 2,728 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Easterly Government Properties by 17.2% during the 2nd quarter. California Public Employees Retirement System now owns 19,559 shares of the real estate investment trust’s stock worth $386,000 after acquiring an additional 2,867 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Easterly Government Properties by 41.0% during the 1st quarter. US Bancorp DE now owns 10,003 shares of the real estate investment trust’s stock worth $204,000 after acquiring an additional 2,910 shares during the last quarter. Finally, Suntrust Banks Inc. lifted its holdings in shares of Easterly Government Properties by 3.1% during the 1st quarter. Suntrust Banks Inc. now owns 102,887 shares of the real estate investment trust’s stock worth $2,098,000 after acquiring an additional 3,088 shares during the last quarter.
NYSE:DEA traded down $0.29 during trading hours on Tuesday, hitting $19.80. The stock had a trading volume of 31,489 shares, compared to its average volume of 408,857. The company has a debt-to-equity ratio of 0.46, a current ratio of 6.97 and a quick ratio of 6.97. Easterly Government Properties has a one year low of $18.73 and a one year high of $22.32. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 3.81 and a beta of 0.44.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Shareholders of record on Thursday, September 13th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 5.25%. The ex-dividend date of this dividend is Wednesday, September 12th. Easterly Government Properties’s payout ratio is 82.54%.
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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