Brokerages expect Easterly Government Properties, Inc. (NYSE:DEA) to announce $69.49 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Easterly Government Properties’ earnings, with the highest sales estimate coming in at $69.69 million and the lowest estimate coming in at $69.30 million. Easterly Government Properties reported sales of $61.13 million in the same quarter last year, which indicates a positive year over year growth rate of 13.7%. The company is expected to issue its next earnings report on Monday, November 1st.
According to Zacks, analysts expect that Easterly Government Properties will report full year sales of $275.07 million for the current financial year, with estimates ranging from $274.30 million to $275.54 million. For the next year, analysts forecast that the business will report sales of $302.85 million, with estimates ranging from $298.50 million to $306.08 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Easterly Government Properties.
Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings data on Tuesday, August 3rd. The real estate investment trust reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.23). The company had revenue of $68.60 million during the quarter, compared to the consensus estimate of $67.82 million. Easterly Government Properties had a net margin of 8.38% and a return on equity of 1.66%. Easterly Government Properties’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 EPS.
Shares of DEA stock traded up $0.16 during trading hours on Wednesday, hitting $21.03. 1,217,302 shares of the company’s stock traded hands, compared to its average volume of 662,234. The stock’s 50 day simple moving average is $21.76 and its 200 day simple moving average is $21.38. The stock has a market cap of $1.77 billion, a PE ratio of 80.88 and a beta of 0.43. Easterly Government Properties has a 12 month low of $19.64 and a 12 month high of $23.65. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.78.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 24th. Stockholders of record on Thursday, August 12th were issued a $0.265 dividend. The ex-dividend date was Wednesday, August 11th. This is a positive change from Easterly Government Properties’s previous quarterly dividend of $0.26. This represents a $1.06 annualized dividend and a dividend yield of 5.04%. Easterly Government Properties’s dividend payout ratio is currently 84.13%.
In related news, CEO William C. Trimble sold 9,000 shares of the stock in a transaction on Thursday, August 12th. The stock was sold at an average price of $21.65, for a total value of $194,850.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Darrell W. Crate sold 5,000 shares of the stock in a transaction on Tuesday, August 10th. The stock was sold at an average price of $22.48, for a total value of $112,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,000 shares of company stock valued at $978,150. 9.00% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its stake in Easterly Government Properties by 4.9% in the first quarter. Ameriprise Financial Inc. now owns 374,489 shares of the real estate investment trust’s stock valued at $7,762,000 after acquiring an additional 17,573 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Easterly Government Properties by 0.5% during the first quarter. UBS Asset Management Americas Inc. now owns 507,442 shares of the real estate investment trust’s stock valued at $10,519,000 after buying an additional 2,403 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Easterly Government Properties by 6.8% during the second quarter. New York State Common Retirement Fund now owns 203,073 shares of the real estate investment trust’s stock valued at $4,281,000 after buying an additional 12,938 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Easterly Government Properties during the second quarter valued at about $214,000. Finally, Prudent Man Advisors LLC grew its stake in shares of Easterly Government Properties by 8.9% during the first quarter. Prudent Man Advisors LLC now owns 15,304 shares of the real estate investment trust’s stock valued at $317,000 after buying an additional 1,257 shares during the last quarter. 86.24% of the stock is currently owned by institutional investors and hedge funds.
Easterly Government Properties Company Profile
Easterly Government Properties, Inc operates as a real estate investment trust, which engages in the acquisition, development, and management of commercial properties that are leased to U.S. Government agencies. The company was founded on October 10, 2014 and is headquartered in Washington, DC.
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