Analysts Anticipate Easterly Government Properties Inc (DEA) Will Post Quarterly Sales of $48.29 Million

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Wall Street analysts predict that Easterly Government Properties Inc (NYSE:DEA) will report sales of $48.29 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Easterly Government Properties’ earnings. The highest sales estimate is $52.45 million and the lowest is $46.06 million. Easterly Government Properties reported sales of $36.33 million during the same quarter last year, which indicates a positive year-over-year growth rate of 32.9%. The firm is scheduled to issue its next earnings report on Thursday, March 7th.

According to Zacks, analysts expect that Easterly Government Properties will report full year sales of $160.68 million for the current year, with estimates ranging from $158.45 million to $164.83 million. For the next year, analysts anticipate that the company will report sales of $208.50 million, with estimates ranging from $208.10 million to $209.17 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Easterly Government Properties.

Easterly Government Properties (NYSE:DEA) last issued its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.04 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. The business had revenue of $39.40 million for the quarter, compared to analysts’ expectations of $39.59 million. Easterly Government Properties had a net margin of 4.30% and a return on equity of 0.70%. The company’s revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 EPS.

Several research analysts have recently weighed in on the stock. Raymond James upgraded shares of Easterly Government Properties from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, January 3rd. Royal Bank of Canada upgraded shares of Easterly Government Properties from a “sector perform” rating to an “outperform” rating in a research report on Friday, December 14th. Boenning Scattergood began coverage on shares of Easterly Government Properties in a research report on Wednesday, November 28th. They set an “outperform” rating and a $23.00 price objective on the stock. Finally, ValuEngine upgraded shares of Easterly Government Properties from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $23.00.

Shares of Easterly Government Properties stock traded up $0.03 on Wednesday, hitting $17.01. 263,118 shares of the company’s stock were exchanged, compared to its average volume of 330,837. The stock has a market capitalization of $1.02 billion, a PE ratio of 13.50, a P/E/G ratio of 4.70 and a beta of 0.68. Easterly Government Properties has a 1 year low of $15.16 and a 1 year high of $21.49. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.98 and a quick ratio of 0.98.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 27th. Stockholders of record on Thursday, December 13th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, December 12th. This represents a $1.04 annualized dividend and a dividend yield of 6.11%. Easterly Government Properties’s payout ratio is 82.54%.

In other news, CAO Alison M. Bernard sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $17.77, for a total transaction of $177,700.00. Following the sale, the chief accounting officer now directly owns 10,501 shares in the company, valued at approximately $186,602.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William C. Trimble sold 9,000 shares of the firm’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $18.00, for a total transaction of $162,000.00. Following the sale, the chief executive officer now owns 90,713 shares in the company, valued at $1,632,834. The disclosure for this sale can be found here. 14.90% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Rhumbline Advisers increased its holdings in Easterly Government Properties by 6.9% in the 2nd quarter. Rhumbline Advisers now owns 117,210 shares of the real estate investment trust’s stock valued at $2,316,000 after acquiring an additional 7,577 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Easterly Government Properties by 16.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 783,503 shares of the real estate investment trust’s stock valued at $15,482,000 after acquiring an additional 108,477 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Easterly Government Properties by 10.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 568,783 shares of the real estate investment trust’s stock valued at $11,240,000 after acquiring an additional 53,049 shares during the last quarter. US Bancorp DE increased its holdings in Easterly Government Properties by 40.1% in the 2nd quarter. US Bancorp DE now owns 14,013 shares of the real estate investment trust’s stock valued at $277,000 after acquiring an additional 4,010 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Easterly Government Properties by 32.2% in the 2nd quarter. Swiss National Bank now owns 101,010 shares of the real estate investment trust’s stock valued at $1,996,000 after acquiring an additional 24,600 shares during the last quarter.

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

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